ࡱ; DA  !"#$%&'()*+,-./0123456789:;<=>?@CERoot Entry \pCalc Ba=$ =@ 8X@"1Calibri1Arial1Arial1Arial1Calibri General#,##0.00 #,##03._(\$* #,##0_);_(\$* \(#,##0\);_(\$* \-_);_(@_)                + ) , *   ( * "      *8 #   ( "8   # `$%pioneer natural resources co&,pioneer natural resources co-1W5pricing term sheet =table of contentsE counterpartsHcounterparts-1Kcounterparts-2Pcounterparts-3Wcounterparts-4A\counterparts-5C_counterparts-6bcounterparts-7!ecounterparts-8#hcounterparts-9jcounterparts-10_mcounterparts-11aucounterparts-12ycounterparts-13TH    3  @@  Pioneer Natural Resources COExhibit Number DescriptionUnderwriting Agreement, dated January14, 2021, by and among Pioneer Natural Resources Company and BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC and TD Securities (USA) LLC, as representatives of the several underwriters party thereto.Fourth Supplemental Indenture, dated January29, 2021, by and between Pioneer Natural Resources Company and Wells Fargo Bank, National Association.SForm of 0.750% Senior Notes due 2024 (included as Exhibit A to Exhibit 4.1 hereto).SForm of 1.125% Senior Notes due 2026 (included as Exhibit B to Exhibit 4.1 hereto).SForm of 2.150% Senior Notes due 2031 (included as Exhibit C to Exhibit 4.1 hereto).Second Supplemental Indenture, dated January26, 2021, by and between Parsley Energy, LLC, Parsley Finance Corp., and U.S. Bank National Association.First Supplemental Indenture, dated January26, 2021, by and between Parsley Energy, LLC, Parsley Finance Corp., and U.S. Bank National Association.!Opinion of Vinson& Elkins L.L.P.Indenture, dated October11, 2017, by and among Parsley Energy, LLC, Parsley Finance Corp., the subsidiary guarantors named therein and U.S. Bank National Association, as trustee, related to the 5.625% Senior Notes due 2027 (incorporated by reference to Exhibit 4.1 to Parsley Energy, Inc. s Current Report on Form 8-K, File No.001-36463, filed with the SEC on October11, 2017).First Supplemental Indenture, dated January15, 2020, by and among Parsley Energy, LLC, Parsley Finance Corp., the subsidiary guarantors named therein and U.S. Bank National Association, as trustee, related to the 5.625% Senior Notes due 2027 (incorporated by reference to Exhibit 4.14 to Parsley Energy, Inc. s Annual Report on Form 10-K, File No.001-36463, filed with the SEC on February21, 2020).{Indenture, dated February11, 2020, among Parsley Energy, LLC, Parsley Finance Corp., the subsidiary guarantors named therein and U.S. Bank National Association, as trustee, related to the 4.125% Senior Notes due 2028 (incorporated by reference to Exhibit 4.1 to Parsley Energy, Inc. s Current Report on Form 8-K, File No.001-36463, filed with the SEC on February11, 2020).DConsent of Vinson& Elkins L.L.P. (contained in Exhibit 5.1 hereto).LCover Page Interactive Data File (embedded within the Inline XBRL document). Underwriters2PrincipalAmountof 2024 Notes to be Purchased2PrincipalAmountof 2026 Notes to be Purchased2PrincipalAmountof 2031 Notes to be PurchasedBofA Securities, Inc.US $Citigroup Global Markets Inc.J.P. Morgan Securities LLCTD Securities (USA) LLCBarclays Capital Inc.Goldman Sachs& Co. LLCMorgan Stanley& Co. LLCMUFG Securities Americas Inc.Wells Fargo Securities, LLCCIBC World Markets Corp.Credit Suisse (USA) LLCRBC Capital Markets, LLCScotia Capital (USA) Inc.BBVA Securities Inc.PNC Capital Markets LLCTruist Securities, Inc.U.S. Bancorp Investments, Inc.TotalUS$Pricing Term SheetIssuer:!Pioneer Natural Resources CompanySecurity Type:Senior UnsecuredOffering Format:SEC RegisteredExpected Ratings*:$Baa2/BBB/BBB+ (Stable/Stable/Stable) Trade Date:January14, 2021Settlement Date:**January29, 2021 (T+10)Title of Securities:Senior Notes due 2024Senior Notes due 2026Senior Notes due 2031Principal Amount:Stated Maturity Date:January15, 2024January15, 2026January15, 2031US Treasury Benchmark:0.125% due December15, 20230.375% due December31, 20250.875% due November15, 2030US Treasury Yield:0.214%0.479%1.129%Spread to US Treasury:0.550%0.650%1.050%Yield to Maturity:0.764%2.179% Issue Price:99.959% of face amount99.981% of face amount99.742% of face amountCoupon:0.750%1.125%2.150%Interest Payment Dates:/January15 and July15 commencing July15, 2021Optional Redemption:^Prior to January15, 2022, greater of par or T + 10 bps On or after January15, 2022, at par`Prior to December15, 2025, greater of par or T + 10 bps On or after December15, 2025, at par^Prior to October15, 2030, greater of par or T + 20 bps On or after October15, 2030, at par CUSIP/ISIN:723787 AS6/US723787AS61723787AT4/US723787AT45723787 AR8/US723787AR88Joint Book-Running Managers:lBofA Securities, Inc. Citigroup Global Markets Inc. J.P. Morgan Securities LLC TD Securities (USA) LLCBarclays Capital Inc. Goldman Sachs& Co. LLC Morgan Stanley& Co. LLC MUFG Securities Americas Inc. Wells Fargo Securities, LLCSenior Co-Managers:iCIBC World Markets Corp. Credit Suisse (USA) LLC RBC Capital Markets, LLC Scotia Capital (USA) Inc. Co-Managers:iBBVA Securities Inc. PNC Capital Markets LLC Truist Securities, Inc. U.S. Bancorp Investments, Inc.TABLE OF CONTENTSPage Section1.Notes Section2.Optional Redemption of Notes Section3.=Offer to Repurchase Upon a Change of Control Repurchase Event Section4.#Additional Covenants of the Company Section5.JAmendments to Sections 1.01, 6.01, 6.04 and Article XIII of the Indenture. Section6. Ratification Section7.No Security Interest Created Section8. Table of Contents, Headings, Etc Section9. Severability Section10. Counterparts Section11.Governing Law Section12.9Trustee Not Responsible for Recitals or Issuance of NotesISSUERS:PARSLEY ENERGY, LLCBy:/s/ Richard P. DealyName: Richard P. Dealy.Title: President and Chief Operating OfficerPARSLEY FINANCE CORP..Title: President and Chief Operating Officer GUARANTORS:JAGGED PEAK ENERGY LLCPARSLEY SODE WATER LLCPARSLEY ADMINISTRATION, LLCPARSLEY ENERGY OPERATIONS, LLCPARSLEY GP, LLCPARSLEY ENERGY, L.P.$Parsley GP, LLC, its general partnerPARSLEY MINERALS, LLCPARSLEY DE LONE STAR LLCPARSLEY DE OPERATING LLC$PARSLEY VERITAS ENERGY PARTNERS, LLCPARSLEY NOVUS LAND SERVICES LLCTRUSTEE:+U.S. BANK, NATIONAL ASSOCIATION, as Trustee/s/ Michael K. HerbergerName: Michael K. 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