Company Overview: Pioneer Natural Resources Company is an oil and gas exploration and production company. In the West Texas Midland Basin, the company explores for, develops, and produces gas, oil, and natural gas liquids (NGLs). In the Midland Basin in West Texas' Spraberry/ Wolfcamp oil sector, the company engages in exploration and extraction activities. The Company holds approximately 976,000 gross acres, of which 961,000 gross acres are located in the Spraberry/ Wolfcamp field in the Midland Basin of West Texas.