UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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): March 8, 2006
Pioneer Natural Resources Company
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(Exact name of Registrant as specified in its charter)
Delaware 1-13245 75-2702753
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
5205 N. O'Connor Blvd., Suite 900, Irving, Texas 75039
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(Address of principal executive offices) (Zip Code)
(972) 444-9001
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(Registrant's telephone number, including area code)
Not applicable
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(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 7.01. Regulation FD Disclosure.............................. 3
Item 9.01. Financial Statements and Exhibits..................... 3
(d) Exhibits........................................ 3
Signature......................................................... 4
Exhibit Index..................................................... 5
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PIONEER NATURAL RESOURCES COMPANY
Item 7.01. Regulation FD Disclosure
On March 8, 2006, Pioneer Natural Resources Company (the "Company") issued
a news release that is attached hereto as exhibit 99.1. In the news release, the
Company announced that its Board of Directors approved its 2006 capital budget
of approximately $1.3 billion, an increase of approximately $200 million from
comparable 2005 capital spending excluding acquisitions. In the new release, the
Company also provided (i) an operations update and (ii) a first quarter 2006
financial outlook based on current expectations, including a supplemental hedge
information schedule as of March 7, 2006, which is attached hereto as exhibit
99.2.
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 the Company are subject to a number of risks and uncertainties,
which 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 (including its plans to complete certain
asset divestments and to repurchase stock), 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 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.
Item 9.01. Financial Statements and Exhibits
(d) Exhibits
99.1 News Release dated March 8, 2006.
99.2 Supplemental Hedge Information Schedule As Of March 7, 2006.
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PIONEER NATURAL RESOURCES COMPANY
S I G N A T U R E
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
Date: March 8, 2006 By: /s/ Darin G. Holderness
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Darin G. Holderness
Vice President and Chief Accounting Officer
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PIONEER NATURAL RESOURCES COMPANY
EXHIBIT INDEX
Exhibit No. Description
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99.1(a) News Release dated March 8, 2006.
99.2(a) Supplemental Hedge Information Schedule As Of March 7, 2006.
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(a) Furnished herewith.
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