Pioneer Natural Resources Company

5205 N O Connor Blvd Ste 200,
Irving, TX, 75039-3789,

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Forward-looking statements and the business prospects of Pioneer Natural Resources Company are subject to a number of risks and uncertainties that may cause Pioneers actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include; among other things; volatility of oil and gas prices; product supply and demand; competition; government regulation or action; foreign currency valuation changes; foreign government tax and regulation changes; litigation; the costs and results of drilling and operations; Pioneers ability to replace reserves; implement its business plans or complete its development projects as scheduled; access to and cost of capital; uncertainties about estimates of reserves; quality of technical data; environmental and weather risks; acts of war or terrorism. These and other risks are described in Pioneers 10-K and 10-Q Reports and other filings with the Securities and Exchange Commission.

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