Rockies
Pioneer is the largest operator in the Raton Basin in southeastern Colorado, where its long-lived coal bed methane (CBM) production provides a strong foundation for future growth. The Company owns approximately 256,000 gross acres in the center of the Raton Basin and produces CBM from the coal seams in the Vermejo and Raton formations.
By operating under an 
integrated field services model and owning much of the equipment required to drill and complete Raton wells, the Company is achieving industry-leading operating efficiencies and maintaining control over the equipment needed to execute its drilling program. Pioneer has a large inventory of drilling locations and, with continued efforts to improve field compression and the ability to drill wells when gas prices are favorable, has the potential to grow Raton production.
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