Pioneer Natural Resources Prices 9M Share Offering at $128/Share

DALLAS--(BUSINESS WIRE)-- Pioneer Natural Resources Company

(“Pioneer” or “the Company”) today announced that it has priced a public offering of its common stock at $128.00 per share. The size of the offering has been upsized from 8 million shares to 9 million shares. Pioneer will receive total gross proceeds (before underwriters' discounts and commissions and estimated expenses) of approximately $1.152 billion. Citigroup, Goldman, Sachs & Co., J.P. Morgan and RBC Capital Markets are joint book-running managers for the offering. The Company has also granted the underwriters an option for 30 days to purchase up to an additional 1.35 million shares of the Company's common stock. The offering is expected to close on or about February 21, 2013.