COMPANY STRENGTHS

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Pioneer believes the following qualities distinguish it from other independent oil and gas producers.

 

• High-Quality Asset Base  Pioneer has a significant asset base and inventory of development projects and exploration opportunities. Most of our assets have high-quality, long-lived production with very low decline rates.

 

• High Quality Acquisitions  Pioneer looks for acquisitions in geographical locations that are complimentary to its asset base. Potential acquisitions are expected to have upside development and workover opportunities.

 

• Low Cost Operations  Pioneer strives to operate its wells at the lowest possible cost without jeopardizing the quality of its operations.

 

• Entrepreneurial Management  Since the company's start in 1983, our current management team has guided the company through various operational and industrial challenges. Pioneer also employs a staff of individuals who have extensive local experience in the oil and gas fields.

 

 

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