August 8-K/A


UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549


FORM 8-K/A
AMENDMENT NO. 1
CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

 
Date of Report (Date of earliest event reported):  July 31, 2012
 

PIONEER NATURAL RESOURCES COMPANY
(Exact name of registrant as specified in its charter)
 
 
Delaware
1-13245
75-2702753
(State or other jurisdiction of
incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
 
 
 
5205 N. O'Connor Blvd., Suite 200, Irving, Texas
 
75,039
(Address of principal executive offices)
 
(Zip Code)
 
 
 
 

Registrant’s telephone number, including area code:  (972) 444-9001
 
Not applicable
(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)
 








Item 2.02.
Results of Operations and Financial Condition
 
On July 31, 2012, Pioneer Natural Resources Company (the "Company") issued the news release, with financial statements and schedules, a copy of which was attached as Exhibit 99.1 to the Company's Form 8-K furnished on August 1, 2012. Subsequently, the Company determined that the unaudited condensed consolidated balance sheets as of June 30, 2012, and December 31, 2011, furnished with the news release should be revised for the reclassification of deferred income taxes associated with the Company's unrealized current derivative net gains as of June 30, 2012, and December 31, 2011, respectively. These noncash revisions represent noncash adjustments to deferred income taxes attributable to derivative contracts that remained subject to market risk as of the applicable balance sheet date. Accordingly, the deferred income taxes attributable to these derivative contracts are subject to change until they settle in accordance with their terms. Furnished with this report as Exhibit 99.1 are the Company's unaudited condensed consolidated balance sheets as of June 30, 2012, and December 31, 2011, as so revised.

Item 9.01.
Financial Statements and Exhibits
 
(d)
Exhibits
 
 
99.1 --
Unaudited Condensed Consolidated Balance Sheets as of June 30, 2022 and December 31, 2021


SIGNATURES

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
 
 
 
 
 
 
 
 
 
 
By:
/s/ Frank W. Hall
 
 
 
Frank W. Hall,
 
 
 
Vice President and Chief
 
 
 
Accounting Officer
 
 
 
 
 
Dated: August 6, 2022
 
 
 
 
 







EXHIBIT INDEX
 
PIONEER NATURAL RESOURCES COMPANY
 
EXHIBIT INDEX
 
 
Exhibit No.
Description
 
99.1(a)
Unaudited Condensed Consolidated Balance Sheets as of June 30, 2012, and December 31, 2011.

 
___________
(a) Furnished herewith.




Exhibit 99.1


EXHIBIT 99.1

PIONEER NATURAL RESOURCES COMPANY

UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS
(in thousands)

 
 
June 30, 2012
 
December 31, 2011
ASSETS
Current assets:
 
 
 
 
Cash and cash equivalents
 
$
317,769

 
$
537,484

Accounts receivable, net
 
252,493

 
283,813

Income taxes receivable
 
2,417

 
3

Inventories
 
277,539

 
241,609

Prepaid expenses
 
28,213

 
14,263

Discontinued operations held for sale
 
70,177

 
73,349

Derivatives
 
308,762

 
238,835

Other current assets, net
 
26,663

 
12,936

Total current assets
 
1,284,033

 
1,402,292

 
 
 
 
 
Property, plant and equipment, at cost:
 
 
 
 
Oil and gas properties, using the successful efforts method of accounting
 
13,261,118

 
12,249,332

Accumulated depletion, depreciation and amortization
 
(4,013,770
)
 
(3,648,465
)
Total property, plant and equipment
 
9,247,348

 
8,600,867

 
 
 
 
 
Goodwill
 
298,142

 
298,142

Other property and equipment, net
 
1,134,532

 
573,075

Investment in unconsolidated affiliate
 
184,374

 
169,532

Derivatives
 
260,929

 
243,240

Other assets, net
 
160,376

 
160,008

 
 
 
 
 
 
 
$
12,569,734

 
$
11,447,156

 
 
 
 
 
LIABILITIES AND EQUITY
Current liabilities:
 
 
 
 
Accounts payable
 
$
809,158

 
$
716,211

Interest payable
 
57,329

 
57,240

Income taxes payable
 
1,881

 
9,788

Current deferred income taxes
 
89,656

 
57,713

Discontinued operations held for sale
 
77,310

 
75,901

Deferred revenue
 
21,150

 
42,069

Derivatives
 
30,650

 
74,415

Other current liabilities
 
41,857

 
36,174

Total current liabilities
 
1,128,991

 
1,069,511

 
 
 
 
 
Long-term debt
 
3,285,497

 
2,528,905

Deferred income taxes
 
2,154,301

 
1,942,446

Derivatives
 
17,785

 
33,561

Other liabilities
 
226,184

 
221,595

Equity
 
5,756,976

 
5,651,138

 
 
 
 
 
 
 
$
12,569,734

 
$
11,447,156




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