Pioneer Natural Resources slashes spending by half

Shale player still expects to run up to eight rigs in Permian basin through fourth quarter

Pioneer Natural Resources: decreases capital budget by another $300 million — Pioneer Natural Resources: decreases capital budget by another $300 millionPhoto: REUTERS/SCANPIX

Julia Martinez

Houston

Shale Production Pioneer Natural Resources Scott Sheffield Parsley Energy

Published 6 May 2020, 21:46Updated 6 May 2020, 21:47