Pioneer Natural Resources Co. (PXD: Quote) Wednesday provided an update for its production for the second quarter.
The company's production from continuing operations averaged 150,506 barrels oil equivalent per day for the second quarter.
Oil sales averaged 61 thousand barrels per day, while NGL sales averaged 27 mbpd. Gas sales averaged 373 million cubic feet per day.
Nymex gas price averaged $2.21 per thousand cubic feet. Second quarter average realized gas price before derivative transactions was $2.00 per MCF. Including the impact of all derivatives, the average gas price was $4.43 per MCF.
Looking ahead to 2012, Pioneer re-affirmed its production guidance range of 148 mboepd to 153 mboepd, an increase of 23 percent to 27 percent compared to last year.
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by RTT Staff Writer
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