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Pioneer Announces Conference Call to Discuss New $1 Billion Share Repurchase Program and Other Strategic Initiatives

DALLAS--(BUSINESS WIRE)--Sept. 1, 2005--Pioneer Natural Resources Company (NYSE:PXD) today announced that this morning at 10:00 a.m. Central Time, the Company will conduct a conference call to discuss its new $1 billion share repurchase program and other strategic initiatives.

The call will be webcast on Pioneer's website, www.pioneernrc.com, with an accompanying presentation. At the website, select 'INVESTOR' at the top of the page. The presentation is available under the "Investor Presentation" tab. For those who cannot listen to the live broadcast, a replay will be available shortly after the call. Or you may choose to dial (800) 269-6183 (confirmation code: 7453288) to listen to the call by telephone and view the accompanying visual presentation at the website above. A telephone replay will be available by dialing (888) 203-1112 (confirmation code: 7453288).

Pioneer is a large independent oil and gas exploration and production company with operations in the United States, Argentina, Canada, and Africa. Pioneer's headquarters are in Dallas. For more information, visit Pioneer's website at www.pioneernrc.com.

    CONTACT: Pioneer Natural Resources Company, Dallas
             Investors:
             Frank Hopkins or Chris Paulsen, 972-444-9001
             or
             Media and Public Affairs:
             Susan Spratlen, 972-444-9001
    SOURCE: Pioneer Natural Resources Company

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