SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): February 6, 2007
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PIONEER NATURAL RESOURCES COMPANY
(Exact name of registrant as specified in its charter)
Delaware 1-13245 75-2702753
(State or other (Commission (I.R.S. Employer
jurisdiction of incorporation) File Number) Identification Number)
5205 N. O'Connor Blvd 75039
Suite 200 (Zip code)
Irving, Texas
(Address of principal
executive offices)
Registrant's telephone number, including area code: (972) 444-9001
Not applicable
(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the Registrant under any of the
following provisions:
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
PIONEER NATURAL RESOURCES COMPANY
TABLE OF CONTENTS
Page
Item 2.02. Results of Operations and Financial Condition........... 3
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.......................................... 3
Signature............................................................. 4
Exhibit Index......................................................... 5
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Item 2.02. Results of Operations and Financial Condition.
The information in this document includes forward-looking statements that
are made pursuant to the Safe Harbor Provisions of the Private Securities
Litigation Reform Act of 1995. Forward-looking statements and the business
prospects of Pioneer Natural Resources Company (the "Company") are subject to a
number of risks and uncertainties that may cause the Company's actual results in
future periods to differ materially from the forward-looking statements. These
risks and uncertainties include, among other things, volatility of oil and gas
prices, product supply and demand, competition, the ability to obtain
environmental and other permits and the timing thereof, other government
regulation or action, third party approvals, international operations and
associated international political and economic instability, litigation, the
costs and results of drilling and operations, availability of drilling
equipment, the Company's ability to replace reserves, implement its business
plans, or complete its development projects as scheduled, access to and cost of
capital, uncertainties about estimates of reserves, the assumptions underlying
production forecasts, quality of technical data, environmental and weather
risks, acts of war or terrorism. These and other risks are described in the
Company's 2005 Annual Report on Form 10-K and Quarterly Reports on Form 10-Q
that are available from the Company or the United States Securities and Exchange
Commission. The Company undertakes no duty to publicly update these statements
except as required by law.
On February 6, 2007, the Company issued the news release, with financial
statements and schedules, that is attached hereto as exhibit 99.1. In the news
release, the Company announced financial and operating results for the quarter
and year ended December 31, 2006, provided an operations update and provided the
Company's financial and operational outlook for future periods based on current
expectations.
On February 6, 2007, the Company also issued the news release, with
supplemental schedule, that is attached hereto as exhibit 99.2. In the news
release, the Company announced its proved reserves as of December 31, 2006, and
related costs incurred for oil and gas producing activities ("Costs Incurred").
The Company also announced reserve additions, reserve replacement percentages
and finding and development costs ("F&D Costs") for the one -, three- and
five-year periods ended December 31, 2006. The supplemental schedule attached to
the news release provides unaudited supplemental information regarding the
Company's proved reserves as of and for the year ended December 31, 2006, and
the Company's Costs Incurred, reserve replacement percentage and F&D Costs for
the year ended December 31, 2006. It also provides explanations of the terms
"reserve replacement percentage" and "F&D Costs" as used by the Company in the
news release and supplemental schedule.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
99.1 -- News release, dated February 6, 2007, titled "Pioneer
Reports Fourth Quarter and Full Year 2006 Results" and
financial statements and schedules attached to news
release.
99.2 -- News release, dated February 6, 2007, titled "Pioneer
Reports Year-End 2006 Reserves and Finding Costs" and
supplemental schedule attached to news release.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PIONEER NATURAL RESOURCES COMPANY
/s/ Darin G. Holderness
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Darin G. Holderness
Vice President and Chief Accounting Officer
Dated: February 6, 2007
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EXHIBIT INDEX
Exhibit
Number Exhibit Title
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99.1(a) News release, dated February 6, 2007, titled "Pioneer Reports
Fourth Quarter and Full Year 2006 Results" and financial
statements and schedules attached to news release.
99.2(a) News release, dated February 6, 2007, titled "Pioneer Reports
Year-End 2006 Reserves and Finding Costs" and supplemental
schedule attached to news release.
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(a) Furnished herewith.
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