EXHIBIT 99.2

                                  NEWS RELEASE

                                                               Company Contacts:
                                       Investors: Frank Hopkins or Chris Paulsen
                                      Media and Public Affairs:   Susan Spratlen
                                                                  (972) 444-9001


              Pioneer Announces Five-Year Bank Credit Facility and
                   Final Tender Results for Debt Tender Offer

Dallas,  Texas,   September  30,  2005  --  Pioneer  Natural  Resources  Company
(NYSE:PXD)  today  announced the closing of a $1.5 billion  five-year  unsecured
revolving senior credit  facility,  replacing its existing $400 million and $700
million unsecured  facilities that were scheduled to mature in September of 2005
and December of 2008,  respectively.  The credit  facility has terms  consistent
with  investment  grade  rated  companies,  and will be  utilized  to  refinance
Pioneer's existing credit facilities and for ongoing working capital and general
corporate purposes.

A banking  syndicate  Co-Arranged by J.P.  Morgan  Securities  Inc. and Wachovia
Capital Markets, LLC will finance the credit facility.  Other agent titled roles
include  JPMorgan  Chase Bank,  N.A. as  Administrative  Agent,  Wachovia  Bank,
National  Association as Syndication Agent, and Bank of America,  N.A., Deutsche
Bank   Securities   Inc.  and  Wells  Fargo  Bank,   National   Association   as
Co-Documentation  Agents. The facility was significantly  oversubscribed and was
syndicated to 26 banks.

Pioneer  also  announced  today  the final  tender  results  for its  previously
announced  offer to purchase its 5.875%  Senior Notes due 2012 (CUSIP No. 299900
AD 2) (the "Notes").

As of 12:00 midnight,  New York City time, on Thursday,  September 29, 2005 (the
"Expiration Date"), Pioneer had received tenders for $188.4 million in principal
amount of the Notes (the "Tendered Notes") representing 96.9% of the outstanding
principal  amount of the Notes.  Pioneer has  accepted  tenders of all  Tendered
Notes.

All of the Tendered  Notes were tendered prior to 5:00 p.m., New York City time,
on Thursday,  September 15, 2005 (the "Consent Date"). Holders of Notes tendered
prior to the Consent Date received a payment on September 20, 2005 of $1,061.15,
including a $30 consent  payment,  for each $1,000 principal amount of Notes. No
Notes were tendered after the Consent Date.

Pioneer is a large  independent oil and gas exploration and production  company.
Pioneer's  headquarters  are in  Dallas,  Texas.  For  more  information,  visit
Pioneer's website at www.pioneernrc.com.