Pioneer Canada Metrics
$23.18 / barrel of oil equivalent
2006 Finding and Development Cost 1
$65,060 / barrel of oil equivalent
- Sale Price Per Flowing Barrel
Approximately 8,300 barrels of oil equivalent per day
Current Net Daily Production
$17.35 / barrel of oil equivalent
- Sale Price Per Barrel of Net Proved Reserves
31.117 million barrels of oil equivalent
12/31/2006 Net Proved Reserves
$540 million (only nominal cash taxes expected, if any)
Cash Proceeds Before Closing Adjustments
Canada Sale Metrics
$17.28 / barrel of oil equivalent
Depreciation, Depletion and Amortization Cost
reflecting winter-access only drilling)
$88 million (most of 2007 capital program spent in 1H
Capital Spending
$19.71 / barrel of oil equivalent
Net Cash Margin
($2.16) / barrel of oil equivalent
General and Administrative Expense
($17.99) / barrel of oil equivalent
Production Cost
$39.86 / barrel of oil equivalent (excludes hedge impact)
Oil and Gas Revenues
Net Cash Margin
9,217 barrels of oil equivalent per day (92% gas)
Net Daily Production
Canada Financial Modeling Metrics (1st Half 2007)
1) Finding and development cost reflects total costs incurred divided by the summation of annual proved reserves, on a BOE basis, attributable to revisions of
previous estimates, purchases of minerals-in-place and discoveries and extensions. Consistent with industry practice, future capital costs to develop proved
undeveloped reserves are not included in costs incurred.
Exhibit 99.1