Pioneer Natural Resources Announces Cash Tender Offer for up to $500 Million Aggregate Principal Amount of Certain of Its Outstanding Debt Securities

Pioneer Natural Resources Company (NYSE: PXD) (“Pioneer” or “the Company”) announced today the commencement of cash tender offers (the “Tender Offers”) to purchase up to $500 million aggregate principal amount (the “Aggregate Maximum Tender Amount”) of its outstanding 3.45% senior notes due 2021 (the “2021 Notes”), 3.95% senior notes due 2022 (the “2022 Notes”) and 7.20% senior notes due 2028 (the “2028 Notes”) (collectively, the “Notes”) in the priorities set forth in the table below.

The following table sets forth certain terms of the Tender Offers:

									Dollars per $1,000 Principal Amount of Notes
Title of Notes		CUSIP Numbers / ISIN		Aggregate Principal Amount Outstanding(1)			Acceptance Priority Level		Tender Offer Consideration (2)			Early Tender Premium			Total Consideration(2)(3)
3.45% Senior Notes due 2021		723787AL1 / US723787AL19		$	500,000,000		1		$	983.00		$	30.00		$	1,013.00
3.95% Senior Notes due 2022		723787AK3 / US723787AK36		$	600,000,000		2