-----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, RrWTLAtl+ftAjWO8DGUOJySMACT28P7im2SgYsJPPpkYNwCxAHSJC6Xwu7o+KCRS ACs2O151ZOXbChPONxRdqw== 0001038357-04-000059.txt : 20041006 0001038357-04-000059.hdr.sgml : 20041006 20041006145749 ACCESSION NUMBER: 0001038357-04-000059 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20041004 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20041006 DATE AS OF CHANGE: 20041006 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: 041068100 BUSINESS ADDRESS: STREET 1: 900 WILLIAMS SQUARE WEST STREET 2: 5205 N OCONNOR BLVD CITY: IRVING STATE: TX ZIP: 75039 BUSINESS PHONE: 9724449001 MAIL ADDRESS: STREET 1: 900 WILLIAMS SQUARE WEST STREET 2: 5205 N OCONNOR BLVD CITY: IRVING STATE: TX ZIP: 75039 8-K 1 oct5_8k.txt PIONEER 10/4/04 FORM 8-K 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): October 4, 2004 Pioneer Natural Resources Company ------------------------------------------------------ (Exact name of Registrant as specified in its charter) Delaware 1-13245 75-2702753 - ---------------------------- ------------ ------------------- (State or other jurisdiction (Commission (I.R.S. Employer of incorporation) File Number) Identification No.) 5205 N. O'Connor Blvd., Suite 900, Irving, Texas 75039 - ------------------------------------------------ ---------- (Address of principal executive offices) (Zip Code) (972) 444-9001 ---------------------------------------------------- (Registrant's telephone number, including area code) Not applicable ------------------------------------------------------------ (Former name or former address, if changed since last report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: | | Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) | | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) | | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) | | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) PIONEER NATURAL RESOURCES COMPANY TABLE OF CONTENTS Page Item 7.01. Regulation FD Disclosure............................ 3 Item 9.01. Financial Statements and Exhibits (c) Exhibits...................................... 3 Signature....................................................... 4 Exhibit Index................................................... 5 2 PIONEER NATURAL RESOURCES COMPANY Item 7.01. Regulation FD Disclosure On October 4, 2004, Pioneer Natural Resources Company (the "Company") issued a news release that is attached hereto as exhibit 99.1. In the news release, the Company provided an update on the impact of Hurricane Ivan. Specifically, the Company announced (i) a reduction in expected total Company third quarter of 2004 average daily production to approximately 179,000 barrels oil equivalent per day, (ii) that production from the Canyon Express system has resumed with net rates limited to 60 percent to 70 percent until repairs to subsurface communications can be completed, (iii) that production from the Devils Tower field remains shut in as a result of significant damage to the topsides of the spar with production expected to resume in late October to mid-November and (iv) the sidetrack operations in the Harrier field are underway having experienced only slight weather delays. Item 9.01. Financial Statements and Exhibits (c) Exhibits 99.1 News Release dated October 4, 2004. 3 PIONEER NATURAL RESOURCES COMPANY S I G N A T U R E 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: October 6, 2004 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(a) News Release dated October 4, 2004. - ------------- (a) filed herewith 5 EX-99 2 oct5_8kx99.txt PIONEER 10/4/04 FORM 8-K EXHIBIT 99.1 EXHIBIT 99.1 NEWS RELEASE Investor Relations Contacts: Susan Spratlen or Chris Paulsen (972) 444-9001 Pioneer Provides Update on Impact of Hurricane Dallas, Texas, October 4, 2004 -- Pioneer Natural Resources Company (NYSE:PXD) announced today the impact of downtime related to Hurricane Ivan on third quarter production. As previously announced, production from two deepwater Gulf of Mexico projects, Canyon Express and Devils Tower, was shut in as the hurricane entered the Gulf, and following the hurricane, damage to production facilities and downstream pipelines prevented the Company and its partners from resuming production from the projects, resulting in a reduction to Pioneer's third quarter production of approximately 400,000 barrels oil equivalent. As a result, third quarter daily production is expected to average approximately 179,000 barrels oil equivalent. Production from the Canyon Express system resumed over the weekend, and Pioneer expects its net rates to be limited to between 60% and 70% of maximum rates until repairs to subsurface communications can be reestablished with one of six producing wells. The vessel with equipment necessary to reestablish communication is expected to be onsite this week. Production from the Devils Tower field remains shut in. The topsides of the spar sustained significant damage during the hurricane, and Pioneer expects that production from the three wells that were on line before the storm will resume in late October to mid-November. A fourth well, with completion activities near the point of first production before the storm, is expected to begin producing before the end of the year. The platform rig must be repaired before completion activities can continue on four additional wells previously drilled to develop the field. The time required to complete the rig repairs has not yet been determined; however, Pioneer maintains business interruption insurance designed to restore, after a 45-day waiting period, the expected cash flow from the project, including expected cash flow from the three producing wells and the five wells not yet on production. Sidetrack operations announced in September on Pioneer's deepwater Harrier field are underway, having experienced only slight weather delays. Pioneer Natural Resources is a large independent oil and gas exploration and production company with operations in the United States, Argentina, Canada, Equatorial Guinea, Gabon, South Africa 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 News Release 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 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, international operations and associated international political and economic instability, 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-----