Energy Prospectus

Concho Resources (NYSE:CXO) sees its output growing 18% to 21% this year, off a production base that averaged 152,900 BOE/d during the third quarter of last year. Further, Concho Resources can deliver that healthy growth rate while living within cash flow at current commodity prices. As a result, Concho Resources' net debt-to-EBITDAX ratio will remain well within its comfort zone of less than 2.0 times.

Meanwhile, most companies that plan to outspend cash flow to grow are doing so because they have excellent balance sheets. For example, Pioneer Natural Resources (NYSE:PXD) sees its output rising 13% to 17% this year off a base of 239,000 BOE/d during the third quarter. Further, Pioneer Natural Resources expects to grow its output by a 15% compound annual rate through 2020 while living within cash flow starting next year as long as crude averages $55 per barrel. As a result, Pioneer Natural Resources sees its net debt-to-operating cash flow ratio remaining below 1.0 times over that timeframe. PDC Energy (NASDAQ:PDCE), likewise, can deliver exceptional production growth this year thanks to a strong balance sheet. In fact, PDC Energy expects to spend up to $775 million to boost production by 40% at the midpoint. While PDC Energy plans to outspend cash flow by around $200 million, it still intends to end the year with at least $200 million of cash and a debt-to-EBITDAX ratio of 1.8 times.

DALLAS--(BUSINESS WIRE)--Dec. 1, 2016-- Pioneer Natural Resources Company (“Pioneer”) (NYSE:PXD) today announced its fourth quarter 2016 earnings news release is scheduled to be issued after the close of trading on the New York Stock Exchange on Tuesday, February 7, 2017.

A conference call is scheduled for Wednesday, February 8, 2017, at 9:00 a.m. Central Time to discuss the fourth quarter results. Instructions on how to listen to the call and view the accompanying presentation are shown below.

Internet: www.pxd.com
Select “Investors” then “Earnings & Webcasts” to listen to the discussion and view the presentation.

Telephone: Dial (800) 946-0783 confirmation code: 6806703 five minutes before the call. View the presentation via Pioneer’s internet address above.

A replay of the webcast will be archived on Pioneer’s website. A telephone replay will be available through March 5, 2017. Click here to register for the call-in audio replay, and enter confirmation code 6806703.

Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer’s website at www.pxd.com.