Pioneer Natural Resources Company history, company profile (overview) and history video
Pioneer Natural Resources Company is an exploration and production company in the oil and gas industry. It is headquartered in Irving, Texas, United States.
HISTORY
Pioneer Natural Resources Company was formed in 1997 by the merger of Parker & Parsley Petroleum Company and MESA Inc. At the time, MESA boasted heavy natural gas holdings and offshore drilling expertise.
Parker & Parsley Petroleum Company was founded in 1962 by two West Texas oilmen, Howard Parker and Joe Parsley. They flipped a coin to determine whose name would come first in the company’s moniker, and Parker won the toss.
In 2004, Pioneer Natural Resources acquired Evergreen Resources.
In 2010, the company announced a midstream joint venture with Reliance Industries for assets in the Eagle Ford Group. The business was sold to Enterprise Products Partners in 2015.
In 2021, the company acquired Parsley Energy.
With more than 1,900 employees, Pioneer Natural Resources Company is considered one of the Largest Public Companies in the World, according to Forbes.
*Information from Forbes.com, Wikipedia.org, and www.pxd.com.
**Video published on YouTube by “Companies History“.
