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Pioneer Natural Resources Earnings: 1 Number Investors Can’t Afford to Miss

Source: Pioneer Natural Resources (link opens a PDF)

Investor Presentation (link opens a PDF)

In addition to that, Pioneer Natural Resources is also appraising results from the Middle Spraberry Shale and Jo Mill intervals. While the results of both intervals have been mixed, the company is seeing its best wells produce really strong EURs. In the Jo Mill the two best wells look to produce an EUR of 800,000 BOE, while the best Middle Spraberry Shale well looks like it's on pace to produce 700,000 BOE, as noted in the following side.

Source: Pioneer Natural Resources

Because of these high EURs, as well as the fact that several layers of energy-rich shale plays are stacked on top of each other, many companies are suggesting that the Permian Basin could become the best shale play in the country.

Lots and lots of growth ahead for investors

Because of continued strong well results Pioneer Natural Resources remains on pace to more than double its 2013 production by 2018. Further, the company believes that its current position in the Permian Basin offers more than a decade's worth of growth as it works to unlock the more than 10 billion barrels of oil and gas underneath its vast acreage position. The company's second quarter earnings release highlighted the fact that the EURs from Pioneer Natural Resources' wells continue to be on pace to produce lots and lots of oil. Needless to say, because of this, the long-term growth story remains very well intact.

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The article Pioneer Natural Resources Earnings: 1 Number Investors Can't Afford to Miss originally appeared on Fool.com.

Matt DiLallo has no position in any stocks mentioned. The Motley Fool owns shares of Devon Energy. Try any of our Foolish newsletter services free for 30 days . We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy .

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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