Pioneer Southwest Energy Partners L.P.

Public Company, Headquarters Location
5205 N O'Connor Blvd., Ste. 200, Irving, TX 75039-3789, United States
(972)969-3586, http://www.pioneersouthwest.com

Primary SIC: Crude Petroleum And Natural Gas, Primary NAICS: Crude Petroleum and Natural Gas Extraction
Description: Pioneer Southwest Energy Partners LP is a Delaware limited partnership that was formed in June 2007 by Pioneer Natural Resources Company to own and acquire oil and gas assets in Texas and eight counties in the southeast region of New Mexico. In May 2008, the company completed its initial public offering (IPO) and is publicly traded on the New York Stock Exchange. Currently, the company's oil and gas properties consist only of non-operated working interests in approximately 1,100 producing wells, all of which are located in the Spraberry field in the Permian Basin of West Texas. Pioneer Natural Resources owns the general partner, Pioneer Natural Resources GP LLC, and common units representing a 68.3 percent limited partner interest in the company. Pioneer Natural Resources, the largest producer in the Spraberry field, manages all of the company's assets and performs administrative services. During the three years ended December 31, 2008, the company drilled 29 gross (22 net) wells, all of which were successfully completed as productive wells.Mining: Owns and acquires producing oil and gas properties.