Pioneer posts profit, cuts drilling budget

Company expects to average 21 drilling rigs in the Permian basin this year

Pioneer Natural Resources: posted third quarter net income of $231 million — Pioneer Natural Resources: posted third quarter net income of $231 millionPhoto: KAIA MEANS/

Julia Martinez

Financial Pioneer Natural Resources Scott Sheffield Americas North America

Published 4 November 2019, 23:43Updated 4 November 2019, 23:43