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Press release from Business Wire

Pioneer Natural Resources Declares Dividend on Common Shares

Thursday, August 23, 2012

Pioneer Natural Resources Declares Dividend on Common Shares16:30 EDT Thursday, August 23, 2012 DALLAS (Business Wire) -- Pioneer Natural Resources Company (NYSE:PXD) announced today that its board of directors declared a cash dividend of $0.04 per share on Pioneer's outstanding common stock. The dividend is payable October 12, 2012 to stockholders of record at the close of business on September 28, 2012. Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States. For more information, visit Pioneer's website at www.pxd.com. Pioneer Natural ResourcesInvestorsFrank Hopkins, 972-969-4065orEric Pregler, 972-969-5756orMedia and Public AffairsSusan Spratlen, 972-969-4018orSuzanne Hicks, 972-969-4020