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Actionable news in PXD: PIONEER NATURAL RESOURCE CO.,

Results of Operations and Financial

Explanatory note: Pioneer Natural Resources Company and its subsidiaries ("Pioneer" or the "Company") presents in this Item 2.02 information regarding the impact of changes in the fair values of derivative instruments on its results of operations for the

three and nine

months ended

and certain other information regarding its derivative instruments.

The following table summarizes the net derivative

gains

that the Company expects to report in its earnings for the

three and nine

months ended

September30, 2015

:

DERIVATIVE GAINS, NET

(in millions)

Three Months Ended September 30, 2015

Nine Months Ended September 30, 2015

Noncash changes in fair value:

Oil derivative gains

$

334

$

46

N GL derivative gains

Gas derivative losses

(1

)

(29

)

Marketing derivative losses

(1

)

(3

)

Interest rate derivative gains (losses)

(2

)

1

Total noncash derivative gains, net

335

22

Net cash receipts (payments) on settled derivative instruments:

Oil derivative receipts

205

505

NGL derivative receipts

5

7

Gas derivative receipts

29

85

Marketing derivative payments

(1

)

(4

)

Interest rate derivative receipts

2

Total cash derivative receipts, net

238

595

Total derivative gains, net

$

573

$

617

Item 7.01Regulation FD Disclosure

Oil, NGL and gas price derivatives.

The following table presents the Companys open commodity oil, NGL and gas derivative positions as of

October15, 2015

:

2015

Year Ending December 31,

Fourth Quarter

2016

2017

Average Daily Oil Production Associated with Derivatives (Bbl):

Swap contracts:

Volume

82,000

4,475

NYMEX Price

$

71.18

$

59.00

$

Collar contracts with short puts (a):

Volume

15,000

101,806

34,000

NYMEX price:

Ceiling

$

97.69

$

75.93

$

70.42

Floor

$

82.97

$

65.30

$

57.65

Short put

$

69.67

$

46.08

$

47.65

Rollfactor swap contracts (b):

Volume

37,000

NYMEX roll price

$

0.06

$

$

Average Daily NGL Production Associated with Derivatives (Bbl):

Ethane swap contracts (c):

Volume

6,000

5,000

Price

$

7.80

$

11.61

$

Propane swap contracts (c):

Volume

11,000

7,500

Price

$

21.62

$

21.57

$

Average Daily Gas Production Associated with Derivatives (MMBtu):

Swap contracts:

Volume

20,000

70,000

NYMEX price

$

4.31

$

4.06

$

Collar contracts with short puts:

Volume

285,000

180,000

NYMEX price:

Ceiling

$

5.07

$

4.01

$

Floor

$

4.00

$

3.24

$

Short put

$

3.00

$

2.78

$

Basis swap contracts:

Gulf Coast index swap volume (d)

20,000

10,000

Price differential ($/MMBtu)

$

$

$

Mid-Continent index swap volume (d)

95,000

15,000

45,000

Price...


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