UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 16, 2005
Pioneer Natural Resources Company
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(Exact name of Registrant as specified in its charter)
Delaware 1-13245 75-2702753
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(State or other jurisdiction (Commission (I.R.S. Employer
of incorporation) File Number) Identification No.)
5205 N. O'Connor Blvd., Suite 900, Irving, Texas 75039
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(Address of principal executive offices) (Zip Code)
(972) 444-9001
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(Registrant's telephone number, including area code)
Not applicable
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(Former name or former address, if changed since last report)
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
| | Written communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
| | Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
| | Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange
Act (17 CFR 240.14d-2(b))
| | Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange
Act (17 CFR 240.13e-4(c))
PIONEER NATURAL RESOURCES COMPANY
TABLE OF CONTENTS
Page
Item 7.01. Regulation FD Disclosure.............................. 3
Item 9.01. Financial Statements and Exhibits
(c) Exhibits........................................ 3
Signature......................................................... 4
Exhibit Index..................................................... 5
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PIONEER NATURAL RESOURCES COMPANY
Item 7.01. Regulation FD Disclosure
On June 16, 2005, Pioneer Natural Resources Company (the "Company") issued
a news release that is attached hereto as exhibit 99.1. In the news release, the
Company announced that it has agreed to sell its interest in the Olowi block
offshore Gabon to an undisclosed party for expected net proceeds of
approximately $49 million. The transaction is expected to close during the third
quarter of 2005 and is subject to government agreement as to certain provisions
of the associated production sharing contract and normal closing conditions. As
a result of this agreement, Pioneer will reverse its previously recorded tax
benefit of $27 million associated with the decision to exit Gabon made during
the fourth quarter of 2004. The reversal will be recorded as deferred tax
expense during the second quarter of 2005. The gain on sale of approximately $49
million will be recorded upon closing, expected during the third quarter of
2005.
Item 9.01. Financial Statements and Exhibits
(c) Exhibits
99.1 News Release dated June 16, 2005.
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PIONEER NATURAL RESOURCES COMPANY
S I G N A T U R E
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PIONEER NATURAL RESOURCES COMPANY
Date: June 20, 2005 By: /s/ Darin G. Holderness
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Darin G. Holderness
Vice President and Chief Accounting Officer
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PIONEER NATURAL RESOURCES COMPANY
EXHIBIT INDEX
Exhibit No. Description
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99.1(a) News Release dated June 16, 2005.
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(a) filed herewith
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