Back to top

Analyst Blog

Pioneer Natural Resources Company (PXD - Analyst Report) announced that it has brought online 16 horizontal wells across its northern acreage, of which 10 are Wolfcamp Shale interval wells and six are Spraberry Shale wells in Midland, Martin, Andrews and Upton counties.

Amongst the six Spraberry Shale wells, four started production in late October or early November. Currently, the wells are flowing back fracture stimulation water and therefore yet to reach 24-hour peak initial production rates.

The Spraberry Shale interval wells are positioned at shallower depths than the Wolfcamp Shale interval wells and can flow back fracture stimulation water for 30–60 days before attaining initial peak production rates due to lower subsurface pressure.

Pioneer also announced that it has placed on production its fourth horizontal Wolfcamp D interval well on its northern Spraberry/Wolfcamp acreage in the Midland Basin in west Texas. The company’s third horizontal Wolfcamp B interval well in Midland County was also commissioned.

Further, the company announced that its first three horizontal Wolfcamp B interval wells on University Lands Block 2 in Reagan County in the southern Wolfcamp joint venture (JV) area of the Midland Basin have also started production.

Pioneer believes that robust results from its Spraberry/Wolfcamp Shale drilling program further substantiates the significant oil resource potential across the company’s northern Spraberry/Wolfcamp acreage and southern Wolfcamp JV area in the Midland Basin.

Jointly, these plays cover about 900,000 gross acres, which is estimated to hold recoverable resources of over 4.6 billion barrels of oil equivalent.

Pioneer carries a Zacks Rank #3 (Hold). However, there are other sector stocks – SM Energy Company (SM - Analyst Report), Western Gas Partners LP (WES - Snapshot Report) and Abraxas Petroleum Corp. (AXAS - Snapshot Report) – that hold a Zacks Rank #1 (Strong Buy) and are worth buying now.

Please login to or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research


Are you a new Zacks Member or a visitor to

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UTD THERAPE… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%