Pioneer - West Panhandle Divestiture 2018


  • Unique opportunity to acquire shallow decline, low-risk PDP production from 705 operated wells
  • Large contiguous land position consisting of 239,500 net HBP acres located across the most economic area of the West Panhandle field; acreage is situated over the structurally highest part of the field area
  • Premier legacy natural gas asset consisting of Brown Dolomite and Red Cave vertical wells
  • Well economics benefit from rich gas content and highest liquids yields in the West Panhandle field
  • ~80% of revenues from liquids
  • Total operational control with 100% WI and >87.5% NRI
  • Significant upside potential with over 300 gross new drill locations in Brown Dolomite and Red Cave formations; unquantified upside in the Tubb formation
  • Significant well control with over 30,000 wells across the West Panhandle field
  • Pioneer owned gathering, treating, and condensate stabilization provide operational efficiencies
  • Recent nearby activity by Pantera and Scout


Please email the signed Confidentiality Agreement to

Contact Chelsea Neville at +1.713.546.9703 or any of the above individuals with questions.