-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, Ous7So8VnaGEqpb1+jTOczIPV6RacrCVO5XM71rfLko0Kvb5tsZ15lZVRmC7TeIV DqBYM17CK8XXfAGp5USUww== 0001038357-03-000033.txt : 20030819 0001038357-03-000033.hdr.sgml : 20030819 20030818175940 ACCESSION NUMBER: 0001038357-03-000033 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20030818 ITEM INFORMATION: Financial statements and exhibits ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20030819 FILER: COMPANY DATA: COMPANY CONFORMED NAME: PIONEER NATURAL RESOURCES CO CENTRAL INDEX KEY: 0001038357 STANDARD INDUSTRIAL CLASSIFICATION: CRUDE PETROLEUM & NATURAL GAS [1311] IRS NUMBER: 752702753 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-13245 FILM NUMBER: 03853999 BUSINESS ADDRESS: STREET 1: 1400 WILLIAMS SQUARE WEST STREET 2: 5205 N OCONNOR BLVD CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 9724449001 MAIL ADDRESS: STREET 1: 1400 WILLIAMS SQUARE WEST STREET 2: 5205 N OCONNOR BLVD CITY: IRVING STATE: TX ZIP: 75039 8-K 1 aug18_8k.txt PIONEER 8/18/2003 FORM 8-K, SABLE UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of Report (Date of earliest event reported): August 18, 2003 PIONEER NATURAL RESOURCES COMPANY ----------------------------------- (Exact name of Registrant as specified in its charter) DELAWARE 1-13245 75-2702753 - ------------------------------- ----------- ---------------------- (State or other jurisdiction of Commission (I.R.S. Employer incorporation or organization) File Number Identification Number) 5205 N. O'CONNOR BLVD., SUITE 1400, IRVING, TEXAS 75039 - ------------------------------------------------- ---------- (Address of principal executive offices) (Zip code) Registrant's Telephone Number, including area code : (972) 444-9001 Not applicable (Former name, former address and former fiscal year, if changed since last report) PIONEER NATURAL RESOURCES COMPANY TABLE OF CONTENTS Page Item 7. Financial Statements, Pro Forma Financial Information and Exhibits: (c) Exhibits............................................ 3 Item 9. Regulation FD Disclosure................................. 3 Signatures........................................................ 4 Exhibit Index..................................................... 5 2 PIONEER NATURAL RESOURCES COMPANY ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits 99.1 News Release dated August 18, 2003 ITEM 9. REGULATION FD DISCLOSURE The information in this document includes forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, and the business prospects of Pioneer Natural Resources Company (the "Company"), are subject to a number of risks and uncertainties which may cause the Company's actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, volatility of oil and gas prices, product supply and demand, competition, international operations and associated international political and economic instability, government regulation or action, litigation, the costs and results of drilling and operations, the Company's ability to replace reserves or implement its business plans, access to and cost of capital, uncertainties about estimates of reserves, quality of technical data, environmental and weather risks, acts of war or terrorism. These and other risks are described in the Company's Annual Report on Form 10-K and Quarterly Reports on Form 10-Q that are available from the Company or the Securities and Exchange Commission. On August 18, 2003, the Company issued a news release that is attached hereto as exhibit 99.1. In the news release, the Company announced, together with other related information, (i) that oil production has commenced from the Sable field offshore South Africa and that the Company's first oil sales from South Africa are anticipated in September or October 2003; (ii) a discovery on the Company's Tomahawk prospect in the Falcon Corridor in the East Breaks area of the deepwater Gulf of Mexico; and (iii) that the Company participated in a successful development well in the Adam field in Tunisia. 3 PIONEER NATURAL RESOURCES COMPANY S I G N A T U R E S Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. PIONEER NATURAL RESOURCES COMPANY Date: August 18, 2003 By: /s/ RICHARD P. DEALY ------------------------------------- Richard P. Dealy Vice President and Chief Accounting Officer 4 PIONEER NATURAL RESOURCES COMPANY EXHIBIT INDEX Exhibit No. Description 99.1* News Release dated August 18, 2003 - ------------- * filed herewith 5 EX-99 3 aug18_8k99.txt PIONEER 8/18/2003 8-K EXHIBIT 99.1 EXHIBIT 99.1 NEWS RELEASE Investor Relations Contact: Susan Spratlen (972) 444-9001 Pioneer Announces First Production from South Africa, Drills Two Successful Wells Dallas, Texas, August 18, 2003 -- Pioneer Natural Resources Company ("Pioneer") (NYSE:PXD) today announced that oil production has commenced from the Sable field offshore South Africa and that three of four producing wells are on stream with production rising toward expected peak rates of 35,000 to 40,000 barrels per day. Total production from the three wells has reached over 22,000 barrels per day and is expected to continue to rise, and the fourth well is expected to be brought on within a few days. Pioneer holds a 40% working interest in the field and is the first foreign company to produce oil in South Africa. PetroSA, the Petroleum Oil and Gas Corporation of South Africa, is the operator of the field with a 60% working interest. The oil is being processed on a floating production, storage and offloading vessel and will be transported to shore via shuttle tanker. As previously announced, first oil sales are anticipated in September or October. Pioneer also announced a discovery on its Tomahawk prospect in the Falcon Corridor in the East Breaks area of the deepwater Gulf of Mexico. Tomahawk is the second satellite discovery Pioneer is developing as a subsea tie-back to its Falcon field. The first satellite discovery, Harrier, is currently being completed with first production expected in early 2004. Following the Harrier completion, Pioneer plans to drill Raptor, another prospect in the Falcon Corridor. To accommodate Falcon Corridor satellite production, an additional parallel pipeline connecting the Falcon field to the Falcon Nest platform on the Gulf of Mexico shelf is being added to the Falcon facilities doubling the capacity to 400 million cubic feet of gas per day. Pioneer expects combined daily gas production from Falcon and Harrier to reach approximately 275 million cubic feet per day leaving excess pipeline capacity to tie-in additional satellites such as Tomahawk and Raptor. Pioneer operates the Falcon subsea system and the Falcon Corridor fields with a 100% working interest. In the Adam field in Tunisia, Pioneer participated in a successful development well, Adam 2. The 2002 discovery well, Adam 1, is currently producing approximately 3,800 barrels per day from one zone. Pioneer holds a 28% working interest in the Adam concession and plans to drill an exploration well on the Hawa prospect in the same concession later this year. Pioneer is a large independent oil and gas exploration and production company with operations in the United States, Canada, Argentina, South Africa, Gabon and Tunisia. Pioneer's headquarters are in Dallas. For more information, visit Pioneer's website at www.pioneernrc.com. Except for historical information contained herein, the statements in this Document are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward- looking statements and the business prospects of Pioneer Natural Resources Company are subject to a number of risks and uncertainties that may cause Pioneer's actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things, volatility of oil and gas prices, product supply and demand, competition, government regulation or action, foreign currency valuation changes, foreign government tax and regulation changes, litigation, the costs and results of drilling and operations, Pioneer's ability to replace reserves, implement its business plans, or complete its development projects as scheduled, access to and cost of capital, uncertainties about estimates of reserves, quality of technical data, environmental and weather risks, acts of war or terrorism. These and other risks are described in Pioneer's 10-K and 10-Q Reports and other filings with the Securities and Exchange Commission. -----END PRIVACY-ENHANCED MESSAGE-----