WASHINGTON, D.C. 20549
                                    FORM 8-K
                                 CURRENT REPORT
        Date of Report (Date of earliest event reported): January 8, 2022
             (Exact name of Registrant as specified in its charter)
           DELAWARE                     1-13245               75-2702753
- -------------------------------       ------------       ---------------------
(State or other jurisdiction of        Commission           (I.R.S. Employer
incorporation or organization)         File Number       Identification Number)
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           (Address of principal executive offices)                  (Zip code)
       Registrant's Telephone Number, including area code : (972) 444-9001
                                 Not applicable
              (Former name, former address and former fiscal year,
                         if changed since last report)

PIONEER NATURAL RESOURCES COMPANY TABLE OF CONTENTS Page Item 7. Financial Statements, Pro Forma Financial Information and Exhibits: (c) Exhibits............................................ 3 Item 9. Regulation FD Disclosure................................. 3 Signatures........................................................ 4 Exhibit Index..................................................... 5 2

PIONEER NATURAL RESOURCES COMPANY ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS (c) Exhibits 99.1 Press Release dated January 8, 2022 ITEM 9. REGULATION FD DISCLOSURE On January 8, 2001, Pioneer Natural Resources Company issued a press release reporting updated information regarding its 2001 capital budget and hedging program. The press release is attached hereto as an exhibit and incorporated by reference herein. 3

PIONEER NATURAL RESOURCES COMPANY S I G N A T U R E S 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: January 11, 2022 By: /s/ RICH DEALY ------------------------------------------ Rich Dealy Vice President and Chief Accounting Officer 4

PIONEER NATURAL RESOURCES COMPANY EXHIBIT INDEX Exhibit No. Description 99.1* Press Release dated January 8, 2022 - ------------- * filed herewith 5

                                                                   EXHIBIT 99.1
                                  NEWS RELEASE
                          Investor Relations Contact: Paula Balch (972) 444-9001
                      Pioneer Announces 2001 Capital Budget
        Approximately 70% of North American Budget Focused on Natural Gas
Dallas, Texas, January 8, 2022 --  Pioneer Natural Resources Company ("Pioneer")
(NYSE:PXD)  (TSE:PXD) announced today that its Board of Directors has approved a
2001 capital  budget of $430  million,  an  approximate  28% increase  over 2000
expenditures. The program will be funded from Pioneer's discretionary cash flow.
Based on current  commodity  prices and  existing  hedges,  the Company  expects
discretionary  cash flow to  significantly  exceed the 2001 capital budget.  The
excess cash flow will be available for debt reduction, development of additional
exploration successes, core area acquisitions and stock repurchases.
"We are very  excited  about 2001 as we move  several  discoveries  toward first
production  in 2002 and 2003.  As a result  of these  development  projects,  we
expect to grow production by at least 25% over the next 24 months.  We also have
a strong  development  program  focused on increasing  production  this year and
exposing the Company to  significant  upside by  investing  25% of our budget in
high-impact exploration projects," stated Scott D. Sheffield, CEO and Chairman.
In addition,  the Company  announced  that it has entered into  significant  new
hedge  contracts  for natural gas and oil weighted  toward the first  quarter of
2001, as further described below.
"Our first  quarter 2001  commodity  hedging will help Pioneer  realize  minimum
targets of $25 per barrel for oil and $5 per Mcf for natural gas for the year to
fund our  exciting  2001  program,  even if prices  decline  significantly  from
current levels," Sheffield continued.
2001 Capital Budget
Approximately  $315  million of the 2001  capital  budget has been  allocated to
development  projects.  Approximately  $74.5  million  will be  dedicated to the
development  of the  Aconcagua  and  Camden  Hills  natural  gas  fields and the
associated  Canyon Express  pipeline and the Devils Tower oil field,  all in the
deepwater Gulf of Mexico,  as well as the Sable oil field offshore South Africa.
Approximately  $115 million is planned for  exploration  projects in the Gulf of
Mexico, South Africa, Gabon, Argentina and Canada.
North America
Pioneer  plans to  invest  $315  million  in North  America  with  $244  million
allocated to lower-risk development opportunities. These projects are focused on
enhancing  production from the Company's  long-lived  natural gas and oil fields
and adding significant production in several new growth areas. Approximately $66
million will be dedicated to the  development of the Canyon Express  project and
the Devils  Tower field.  In the East Texas  Bossier  natural gas play,  Pioneer
expects to invest $37 million to drill 25 operated  and 12  non-operated  wells.
Other Gulf Coast and Mid- Continent  projects  targeting  natural gas production
represent $64 million of budgeted  development  expenditures.  Approximately $48
million  will  be  allocated  to the  Permian  Basin  for oil  and  natural  gas
In Canada, Pioneer plans to invest $29 million to drill approximately 31 natural
gas wells and tie-in seven wells drilled last year in the Chinchaga field, drill
five to six wells in the  Martin  Creek area and drill one  horizontal  well and
tie-in 12 wells in the Conroy  Black  field.  As a result,  the Company  expects
natural gas production from Canada to grow approximately 10% in 2001.
The Company has allocated  $71 million to North  American  exploration  projects
that offer  significant  potential for reserve and  production  growth.  Current
plans include drilling three deepwater Gulf of Mexico exploratory tests and five
wells  in the  shallow  Gulf of  Mexico  testing  deep  natural  gas  prospects.
Additional  capital is allocated  for  exploration  in Canada and  acquiring new

Argentina Approximately $87 million, or 20%, of the 2001 capital program will be invested in Argentina. Pioneer expects Argentine oil production to grow over 25% in 2001 by continuing its successful oil development program in the Neuquen Basin through the drilling of approximately 90 wells. A new $12 million NGL recovery plant will allow the Company to capture the value of liquids now being sold in the natural gas stream. Construction of a new $7 million natural gas pipeline with initial capacity of 100 million cubic feet per day (MMcfpd) is expected to be completed by year end allowing Pioneer to continue its track record of significant natural gas production growth in 2002. South Africa and Gabon Pioneer will invest $28 million in South Africa and Gabon to develop prior successes and explore for new fields. The Company plans to invest $9 million in the development of the Sable oil field in Block 9 offshore South Africa, with first production anticipated in late 2002. Pioneer also plans to drill its first natural gas well in Block 9 during the first quarter of 2001 to test potentially significant natural gas resources discovered by a prior operator. If sufficient gas reserves can be established, Pioneer plans to evaluate the potential to supply natural gas to meet growing energy needs in the area. In Gabon, the Company plans to drill its first well during the second quarter of 2001. The well will target an oil accumulation underlying an extensive gas cap on its 315,000 acre Olowi block in shallow water twenty miles southeast of Shell's 300 million barrel Gamba oil field. An oil column has been identified by previous drilling and Pioneer is using new 3-D data in expectation of defining significant oil accumulations. Hedging Program Pioneer has entered into swaps for 110 MMcfpd of natural gas production for the period January through March 2001 at an average price of $8.76 per Mcf. As previously disclosed, Pioneer has existing 2001 swaps for 49 MMcfpd of natural gas at an average price of $2.50 per Mcf. Existing 2001 collars cover 54 MMcfpd at an average ceiling price of $2.90 per Mcf and an average floor price of $2.25 per Mcf. The Company has hedged 45% of its 2001 North American gas production. Since September 1, 2000, Pioneer has entered into new swaps and costless collars for 2001 oil as summarized by quarter below: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Swaps Barrels per day 15,955 8,297 5,033 2,000 Price per bbl $ 28.49 $ 29.22 $ 29.84 $ 30.14 Costless Collars Barrels per day 2,000 2,000 2,000 2,000 Ceiling Price per bbl $ 31.43 $ 31.43 $ 31.43 $ 31.43 Floor Price per bbl $ 25.00 $ 25.00 $ 25.00 $ 25.00 As previously disclosed, Pioneer has existing 2001 collars for 5,000 barrels per day (Bpd) for the period January through June with average price ceilings and floors of $20.09 and $17.00 per barrel, respectively. The Company has recently terminated similar contracts covering 5,000 Bpd of collars for the period July through December 2001 at $25.48 per barrel. The Company has hedged 35% of its 2001 worldwide oil production. Pioneer is a large independent oil and gas exploration and production company with operations in the United States, Canada, Argentina and South Africa. Pioneer's headquarters are in Dallas. Except for historical information contained herein, the statements in this Press Release are forward-looking statements that are made pursuant to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements, and the business prospects of Pioneer Natural Resources Company, are subject to a number of risks and uncertainties which may cause the Company's 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, litigation, the costs and results of drilling and operations, the Company's ability to replace reserves or implement its business plans, access to and cost of capital, uncertainties about estimates of reserves, quality of technical data, and environmental risks. These and other risks are described in the Company's 10-K and 10-Q Reports and other filings with the Securities and Exchange Commission.

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