Pioneer Southwest Energy Partners L.P. Increases Quarterly Distribution On Common Units

Pioneer Southwest Energy Partners L.P. (“Pioneer Southwest”) (NYSE:PSE) today announced a cash distribution of $0.52 per unit for the quarter ended March 31, 2012, on Pioneer Southwest's outstanding common units, representing a $0.01 per unit increase in the quarterly distribution. This increased quarterly distribution equates to $2.08 per common unit on an annual basis.

The distribution is payable May 11, 2012, to unitholders of record at the close of business on May 4, 2012.

Pioneer Southwest is a Delaware limited partnership, headquartered in Dallas, Texas, with current production and drilling operations in the Spraberry field in West Texas. For more information, visit www.pioneersouthwest.com.

Copyright Business Wire 2010

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