Pioneer Natural Resources Co. will increase its rig count for horizontal drilling in the northern part of its Midland basin Spraberry-Wolfcamp play to 17 from 12 after an acquisition from Devon Energy Corp. and in response to its “improving outlook for oil prices.” Read Full Article Here For more great articles: Oil & Gas Journal…
Pioneer Natural Resources Co. says it expects 2016 production growth of more than 12% compared with the company’s previous target of 10%, reflecting improving Spraberry-Wolfcamp well productivity. Second-quarter production is forecast to average 224,000-229,000 boe/d. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest
Medallion Pipeline Co., Irving, Tex., is proceeding with construction of the Howard Lateral and partial expansion of its Wolfcamp Connector crude oil gathering system east of Midland, Tex. Read Full Article Here For more great articles: Oil & Gas Journal – Transportation