Fourth quarter production, we were at the high end of 140,000 barrels of oil equivalent per day. We are moving South Africa into discontinued operations. That would put us at 137,000 barrels of oil equivalent per day. We have a process that's underway and should be completed by the first half of 2012. That will be the divestment of our only remaining international asset.Again, production was up 12,000 barrels of oil equivalent per day, up 9% versus the third quarter. Also, 19% quarter-to-quarter on oil growth primarily related to the growth in the Spraberry, Eagle Ford Shale and the Barnett Shale Combo. For the year, we averaged at 124,000 barrels of oil equivalent per day. This includes our discontinued ops in South Africa. We're up 14% versus year end -- for the full year of 2010. If we exclude discontinued ops, we're up 16%.
Pioneer Natural Resources' CEO Discusses Q4 2011 Results - Earnings Call Transcript
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
More than 30 investing pros with skin in the game give you actionable insight and investment ideas.