Dallas, Texas 11/06/2013 (Financialstrend) – In Tuesday’s trading, Pioneer Natural Resources (NYSE:PXD) dropped by 1.43%. The opening price of the shares was $219.82, which climbed to an intraday high of $221.20 and dipped to a close of $210.36. Approximately 3.66 million shares were traded on Tuesday while an average volume of 1.69 million shares were traded over a 30 day period. The 52-week low of Pioneer Natural Resources (NYSE:PXD) shares is $100.48 and its 52-week high is $227.42. The company has a market capitalization of $29.14 billion.
About the company
Pioneer Natural Resources (NYSE:PXD) was incorporated on 4 April 1997. It is an independent oil & gas exploration &production company that has operations in the U.S &South Africa. It is a holding-company whose assets are made up of direct & indirect ownership-interests in, and its business is conducted mainly through, its subsidiaries. Pioneer Natural Resources (NYSE:PXD) sells homogenous oil, natural-gas-liquid (NGL) & gas units. It provides administrative, legal, financial and management-support to United States & South Africa subsidiaries that explore , develop as well as produce proved reserves.
Its continuing operations are primarily located in the United States in the states of Kansas, Texas, , Colorado & Alaska. During 2011 February, Pioneer Natural Resources (NYSE:PXD) completed selling Pioneer Natural Resources Tunisia & Pioneer Natural Resources Anaguid. In 2012 April, it acquired Carmeuse Industrial Sands. In 2012 August, it sold-off its South Africa business to The Petroleum Oil and Gas Corporation of South Africa.
Pioneer Natural Resources (NYSE:PXD) has 15 owned-drilling rigs that operate in the Spraberry field. As of 31 December 2011, it had Company-owned fracture-stimulation fleets that totaled 250,000 hp supporting drilling-operations in the Spraberry, Eagle Ford Shale & Barnett Shale Combo-areas. Pioneer Natural Resources (NYSE:PXD) also owns various other field-service equipment, including pulling-units, fracture-stimulation tanks, water-transport trucks, hot oilers, blowout-preventers, construction equipment & fishing tools.