Pioneer Natural Resources (NYSE: PXD ) currently operates 12 horizontal rigs and 15 vertical rigs. PXD sees its horizontal rig count growing to 50 by 2018. Pioneer is still transitioning to pad drilling and expects to be 70% converted to pad drilling in 2013. Further, right now it's being slowed down by including extra time for science and appraisal activities, moves that should pay off over the long-run.
Ready, Set, Grow is right around the corner (May 8th)! Thanks so much to our Presenting Sponsor Pioneer Natural Resources, Gold Level Sponsor Hogan Lovells, Video Sponsor Shamrock Foods Company, Silver Sponsor RevGen Partners, Graduate Sponsor Deloitte Consulting LLP and our Community Partner Level 3 Cares Level 3 Communications. If you're interested in attending this free luncheon or hosting a table, please email firstname.lastname@example.org or call 303.292.1919 ext. 113.