Pioneer Natural Resources Company was a prominent American independent oil and gas exploration and production company, primarily focused on the development of unconventional oil and gas reserves in the Permian Basin in West Texas. Known for its operational efficiency, significant acreage, and leadership in horizontal drilling and hydraulic fracturing techniques, Pioneer was a key player in the U.S. shale revolution. On May 3, 2024, ExxonMobil completed its acquisition of Pioneer Natural Resources, integrating its assets and operations into ExxonMobil's expanding portfolio.
The headquarters served as the central command for corporate management, strategic decision-making, financial operations, legal affairs, human resources, investor relations, and oversight of Pioneer's extensive oil and gas operations.
The Irving headquarters was part of a modern corporate campus, featuring office buildings designed to accommodate a large workforce and support efficient business operations. Facilities were equipped with contemporary amenities to foster collaboration and productivity.
Pioneer fostered a work culture centered on operational excellence, safety, and innovation in the Permian Basin. Employees often cited a strong sense of teamwork, local community engagement, and pride in contributing to U.S. energy production. The environment was generally considered fast-paced and results-oriented, reflecting the dynamic nature of the oil and gas industry.
The Irving headquarters was strategically important due to its proximity to financial markets, a rich talent pool in the energy sector, and numerous service companies crucial to oil and gas operations. It symbolized the nerve center of one of the largest and most influential independent U.S. exploration and production companies prior to its acquisition.
Pioneer Natural Resources' operations were almost exclusively concentrated in the United States, specifically within the Permian Basin of West Texas. While it did not maintain a broad global operational footprint in terms of direct production assets outside the U.S., its activities had global implications. As a significant producer, Pioneer contributed to the U.S. oil supply, which in turn influenced international energy markets. The company also engaged with global financial markets for capital, and its products were part of the global energy trade.
777 Hidden Ridge
Irving
Texas
USA
Address: 1400 Williams Street, Midland, TX 79701
To directly oversee and support exploration, development, and production operations within the core of the Permian Basin, ensuring efficient resource extraction, logistical coordination, and on-the-ground management of assets.
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As of April 2025, Pioneer Natural Resources Company' leadership includes:
Pioneer Natural Resources Company has been backed by several prominent investors over the years, including:
The primary executive changes at Pioneer Natural Resources in the year prior to its acquisition by ExxonMobil (completed May 2024) involved a planned CEO transition and the subsequent impact of the acquisition on the leadership team. Richard P. Dealy became CEO in January 2024, succeeding Scott Sheffield. Following the acquisition, the existing Pioneer executive roles were largely dissolved or transitioned.
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Prior to its acquisition by ExxonMobil in May 2024, Pioneer Natural Resources Company (PXD) commonly used specific email formats for its employees. These email addresses are no longer active for Pioneer as an independent entity, as the pxd.com domain now provides information regarding the ExxonMobil acquisition.
[first].[last]@pxd.com
Format
john.doe@pxd.com
Example
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ExxonMobil Corporate • May 3, 2024
ExxonMobil announced it has closed its acquisition of Pioneer Natural Resources. The merger combines Pioneer’s more than 850,000 net acres in the Midland Basin with ExxonMobil’s 570,000 net acres in the Delaware and Midland Basins, creating an industry-leading Permian Basin position....more
Reuters • February 2, 2024
Pioneer Natural Resources shareholders voted in favor of the company's $59.5 billion sale to Exxon Mobil, moving the largest oil and gas deal in two decades closer to completion. The deal was approved by 99% of votes cast....more
Pioneer Natural Resources / PR Newswire • October 11, 2023
Pioneer Natural Resources announced it entered into a definitive agreement for ExxonMobil to acquire Pioneer in an all-stock transaction. The implied total enterprise value of the transaction, including net debt, is approximately $64.5 billion....more
Pioneer Natural Resources / Business Wire • April 26, 2023
Pioneer Natural Resources announced that Chief Executive Officer Scott D. Sheffield will retire at the end of 2023. Richard P. Dealy, current President and Chief Operating Officer, was named as his successor and assumed the CEO role on January 1, 2024. Sheffield transitioned to Special Advisor....more
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