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HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}} \par\pard\plain\fs16\par\pard\plain\sb88\cf1\f51\fs28\b\qc UNITED STATES\par\pard\plain\cf1\f51\fs28\b\qc SECURITIES AND EXCHANGE COMMISSION\par\pard\plain\cf1\f51\fs20\b\qc Washington, D.C. 20549\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\qc ______________________________\par\pard\plain\sb132\cf1\f51\fs28\b\qc FORM 10-Q\plain\cf1\f51\fs20\qc \~\par\pard\plain\sb132\cf1\f51\fs20\qc ______________________________ \par\pard\plain {\trowd\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10778\trrh66\row}}} {\trowd\clvertalc\cellx646\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx646\clvertalc\cellx10778\trrh66\row}}} {\trowd\cellx646\cellx10778\trrh628 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f54\fs24\ql \cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs24\b\ql QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES\plain\intbl\li22\ri22\sa22\cf1\f51\fs24\b\ql EXCHANGE ACT OF 1934\cell{ {\trowd\cellx646\cellx10778\trrh628\row}}}\pard\plain\sb264\cf1\f51\fs20\b\qc For the quarterly period ended June 30, 2018\par\pard\plain\sb264\cf1\f51\fs20\b\qc or\plain\cf1\f51\fs18\qc \~ \par\pard\plain {\trowd\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10778\trrh66\row}}} {\trowd\clvertalc\cellx646\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx646\clvertalc\cellx10778\trrh66\row}}} {\trowd\cellx646\cellx10778\trrh628 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f54\fs24\ql \cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs24\b\ql TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES\plain\intbl\li22\ri22\sa22\cf1\f51\fs24\b\ql EXCHANGE ACT OF 1934\cell{ {\trowd\cellx646\cellx10778\trrh628\row}}}\pard\plain\sb264\cf1\f51\fs18\b\qc For the transition period from \~________\~to ________ \~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\par\pard\plain\sb264\cf1\f51\fs18\b\qc Commission File Number: 1-13245\par\pard\plain\cf1\f51\fs20\qc ______________________________\~\par\pard\plain\sb132\cf1\f51\fs36\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\cf1\f51\fs18\b\qc (Exact name of Registrant as specified in its charter)\par\pard\plain\cf1\f51\fs18\b\qc ______________________________ \par\pard\plain {\trowd\trqc\clvertalc\cellx10694\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10694\trrh66\row}}} {\trowd\trqc\clvertalc\cellx5668\clvertalc\cellx5988\clvertalc\cellx10694\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx5668\clvertalc\cellx5988\clvertalc\cellx10694\trrh66\row}}} {\trowd\trqc\cellx5668\clvertalb\cellx5988\cellx10694\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Delaware\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 75-2702753\cell{ {\trowd\trqc\cellx5668\clvertalb\cellx5988\cellx10694\trrh281\row}}} {\trowd\trqc\clvertalb\cellx5668\clvertalb\cellx5988\clvertalb\cellx10694\trrh430 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (State or other jurisdiction of\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc incorporation or organization)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (I.R.S. Employer\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Identification No.)\cell{ {\trowd\trqc\clvertalb\cellx5668\clvertalb\cellx5988\clvertalb\cellx10694\trrh430\row}}} {\trowd\trqc\clvertalb\cellx5668\clvertalb\cellx10694\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5668\clvertalb\cellx10694\trrh281\row}}} {\trowd\trqc\cellx5668\clvertalb\cellx5988\cellx10694\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 5205 N. O'Connor Blvd., Suite 200, Irving, Texas\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 75039\cell{ {\trowd\trqc\cellx5668\clvertalb\cellx5988\cellx10694\trrh281\row}}} {\trowd\trqc\cellx5668\clvertalb\cellx5988\cellx10694\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (Address of principal executive offices)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (Zip Code)\cell{ {\trowd\trqc\cellx5668\clvertalb\cellx5988\cellx10694\trrh232\row}}}\pard\plain\sb264\cf1\f51\fs20\b\qc (972) 444-9001\par\pard\plain\cf1\f51\fs16\b\qc (Registrant's telephone number, including area code)\par\pard\plain\sb264\cf1\f51\fs20\b\qc Not applicable\par\pard\plain\cf1\f51\fs16\b\qc (Former name, former address and former fiscal year, if changed since last report)\plain\cf1\f51\fs20\qc \~\par\pard\plain\cf1\f51\fs20\qc ______________________________\par\pard\plain\sb132\cf1\f51\fs18\ql Indicate by check mark whether the Registrant (1)\~has filed all reports required to be filed by Section\~13 or 15(d) of the Securities Exchange\plain\cf1\f51\fs18\ql Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2)\~has been\plain\cf1\f51\fs18\ql subject to such filing requirements for the past 90 days. \~\~\~\~\plain\cf1\f51\fs18\b\ql Yes\~\~\plain\cf1\f54\fs18\ql \plain\cf1\f51\fs18\b\ql \~\~\~\~No\~\~\plain\cf1\f54\fs18\ql \par\pard\plain\sb132\cf1\f51\fs18\ql Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data\plain\cf1\f51\fs18\ql File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (\u167?\~232.405 of this chapter) during the preceding 12\plain\cf1\f51\fs18\ql months (or for such shorter period that the registrant was required to submit and post such files).\plain\cf1\f51\fs18\b\ql \~\~\~\~\par\pard\plain\cf1\f51\fs18\b\ql Yes\~\~\plain\cf1\f54\fs18\ql \plain\cf1\f51\fs18\b\ql \~\~\~\~No \~\~\plain\cf1\f54\fs18\ql \par\pard\plain\sb264\cf1\f51\fs18\ql Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting\plain\cf1\f51\fs18\ql company, or an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and\plain\cf1\f51\fs18\ql "emerging growth company" in Rule 12b-2 of the Exchange Act.\~ \par\pard\plain {\trowd\clvertalc\cellx10252\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10252\trrh66\row}}} {\trowd\clvertalc\cellx2153\clvertalc\cellx2255\clvertalc\cellx6971\clvertalc\cellx7278\clvertalc\cellx9841\clvertalc\cellx9943\clvertalc\cellx10252\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx2153\clvertalc\cellx2255\clvertalc\cellx6971\clvertalc\cellx7278\clvertalc\cellx9841\clvertalc\cellx9943\clvertalc\cellx10252\trrh66\row}}} {\trowd\clvertalb\cellx2153\clvertalb\cellx2255\clvertalb\cellx6971\clvertalb\cellx7278\clvertalb\cellx9841\clvertalb\cellx9943\clvertalb\cellx10252\trrh256 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\ql Large\~accelerated\~filer\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f54\fs18\ql \cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\ql Accelerated\~filer\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f54\fs18\ql \cell{ {\trowd\clvertalb\cellx2153\clvertalb\cellx2255\clvertalb\cellx6971\clvertalb\cellx7278\clvertalb\cellx9841\clvertalb\cellx9943\clvertalb\cellx10252\trrh256\row}}} {\trowd\clvertalb\cellx2153\clvertalb\cellx6971\clvertalb\cellx9841\clvertalb\cellx10251\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx2153\clvertalb\cellx6971\clvertalb\cellx9841\clvertalb\cellx10251\trrh281\row}}} {\trowd\clvertalb\cellx2153\clvertalb\cellx2255\clvertalb\cellx6971\clvertalb\cellx7278\clvertalb\cellx9841\clvertalb\cellx9943\clvertalb\cellx10252\trrh256 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\ql Non-accelerated filer\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f54\fs18\ql o\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\ql (Do not check if a smaller reporting company)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\ql Smaller\~reporting\~company\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f54\fs18\ql \cell{ {\trowd\clvertalb\cellx2153\clvertalb\cellx2255\clvertalb\cellx6971\clvertalb\cellx7278\clvertalb\cellx9841\clvertalb\cellx9943\clvertalb\cellx10252\trrh256\row}}} {\trowd\clvertalb\cellx2153\clvertalb\cellx2255\clvertalb\cellx6971\clvertalb\cellx7278\clvertalb\cellx9841\clvertalb\cellx9943\clvertalb\cellx10252\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx2153\clvertalb\cellx2255\clvertalb\cellx6971\clvertalb\cellx7278\clvertalb\cellx9841\clvertalb\cellx9943\clvertalb\cellx10252\trrh281\row}}} {\trowd\clvertalb\cellx2153\clvertalb\cellx2255\clvertalb\cellx6971\clvertalb\cellx7278\clvertalb\cellx9841\clvertalb\cellx9943\clvertalb\cellx10252\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\ql Emerging growth company\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f54\fs18\ql \cell{ {\trowd\clvertalb\cellx2153\clvertalb\cellx2255\clvertalb\cellx6971\clvertalb\cellx7278\clvertalb\cellx9841\clvertalb\cellx9943\clvertalb\cellx10252\trrh281\row}}}\pard\plain\sb264\cf1\f51\fs18\ql If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying\plain\cf1\f51\fs18\ql with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.\~\~\~\~\plain\cf1\f54\fs18\ql \plain\cf1\f51\fs18\ql \~\~\~\~\par\pard\plain\sb264\cf1\f51\fs18\ql Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act).\par\pard\plain\cf1\f51\fs20\b\ql Yes \~\~\plain\cf1\f54\fs20\ql \plain\cf1\f51\fs20\b\ql \~\~\~\~No\~\~\plain\cf1\f54\fs20\ql \par\pard\plain\sb264\cf1\f51\fs18\ql Number of shares of Common Stock outstanding as of August 6, 2022 \~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ \~\~\~\~\~\~\~\~\~\~\~\~170,401,224 \par\pard\plain\fs16\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart se817f73d65ed5449b4932972fc35d1d}{\*\bkmkend se817f73d65ed5449b4932972fc35d1d}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}} \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb132\cf1\f51\fs20\b\qc TABLE OF CONTENTS\plain\cf1\f51\fs18\qc \~ \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx864\clvertalc\cellx10260\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx864\clvertalc\cellx10260\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx864\clvertalb\cellx10260\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\qc Page\cell{ {\trowd\clvertalb\cellx864\clvertalb\cellx10260\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh232\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10260\clvertalb\cellx10800\trrh281 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}{\*\fldrslt\cf3\f51\fs20\ql Item 4.}}\cell\pard\plain\intbl\li22\ri22\sb22\sa22\ul{\field{\*\fldinst HYPERLINK \\l "s7a61d1ffbd665972b51f5cabbc226a1" }{\*\fldrslt\cf3\f51\fs20\ql Mine Safety Disclosures}}\cell\pard\plain\intbl\li22\ri22\sb22\sa22\ul{\field{\*\fldinst HYPERLINK \\l "s7a61d1ffbd665972b51f5cabbc226a1" }{\*\fldrslt\cf3\f51\fs20\qc 41}}\cell{ {\trowd\cellx864\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10260\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx864\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10260\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx864\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10260\clvertalb\cellx10800\trrh281\row}}} {\trowd\cellx864\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10260\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\ul{\field{\*\fldinst HYPERLINK \\l "s645d8826b04c598abc0ae7cbda6375f" }{\*\fldrslt\cf3\f51\fs20\ql Item\~6.}}\cell\pard\plain\intbl\li22\ri22\sb22\sa22\ul{\field{\*\fldinst HYPERLINK \\l "s645d8826b04c598abc0ae7cbda6375f" }{\*\fldrslt\cf3\f51\fs20\ql Exhibits}}\cell\pard\plain\intbl\li22\ri22\sb22\sa22\ul{\field{\*\fldinst HYPERLINK \\l "s645d8826b04c598abc0ae7cbda6375f" }{\*\fldrslt\cf3\f51\fs20\qc 42}}\cell{ {\trowd\cellx864\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10260\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx10260\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx10260\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10260\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\ul{\field{\*\fldinst HYPERLINK \\l "s717d40730554548f88ba6c4c04c8387" }{\*\fldrslt\cf3\f51\fs20\ql Signatures}}\cell\pard\plain\intbl\li22\ri22\sb22\sa22\ul{\field{\*\fldinst HYPERLINK \\l "s717d40730554548f88ba6c4c04c8387" }{\*\fldrslt\cf3\f51\fs20\qc 43}}\cell{ {\trowd\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10260\clvertalb\cellx10800\trrh281\row}}} \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\qc 2 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s254e8ac47e2158e782e060e557ae528}{\*\bkmkend s254e8ac47e2158e782e060e557ae528}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}} \par\pard\plain\fs16\par\pard\plain\sb528\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\ql Cautionary Statement Concerning Forward-Looking Statements\par\pard\plain\sb132\fi528\cf1\f51\fs20\i\qj The information in this Quarterly Report on Form 10-Q (this "Report") contains forward-looking statements that involve\plain\cf1\f51\fs20\i\qj risks and uncertainties. When used in this document, the words "believes," "plans," "expects," "anticipates," "forecasts,"\plain\cf1\f51\fs20\i\qj "intends," "continue," "may," "will," "could," "should," "future," "potential," "estimate" or the negative of such terms and similar\plain\cf1\f51\fs20\i\qj expressions as they relate to Pioneer Natural Resources Company ("Pioneer" or the "Company") are intended to identify\plain\cf1\f51\fs20\i\qj forward-looking statements, which are generally not historical in nature. The forward-looking statements are based on the\plain\cf1\f51\fs20\i\qj Company's current expectations, assumptions, estimates and projections about the Company and the industry in which the\plain\cf1\f51\fs20\i\qj Company operates. Although the Company believes that the expectations and assumptions reflected in the forward-looking\plain\cf1\f51\fs20\i\qj statements are reasonable as and when made, they involve risks and uncertainties that are difficult to predict and, in many cases,\plain\cf1\f51\fs20\i\qj beyond the Company's control.\par\pard\plain\sb264\fi528\cf1\f51\fs20\i\qj These risks and uncertainties include, among other things, volatility of commodity prices, product supply and demand,\plain\cf1\f51\fs20\i\qj competition, the ability to obtain environmental and other permits and the timing thereof, other government regulation or action,\plain\cf1\f51\fs20\i\qj the ability to obtain approvals from third parties and negotiate agreements with third parties on mutually acceptable terms,\plain\cf1\f51\fs20\i\qj completion of planned divestitures, litigation, the costs and results of drilling and operations, availability of equipment, services,\plain\cf1\f51\fs20\i\qj resources and personnel required to perform the Company's drilling and operating activities, access to and availability of\plain\cf1\f51\fs20\i\qj transportation, processing, fractionation, refining and export facilities, Pioneer's ability to replace reserves, implement its\plain\cf1\f51\fs20\i\qj business plans or complete its development activities as scheduled, access to and cost of capital, the financial strength of\plain\cf1\f51\fs20\i\qj counterparties to Pioneer's credit facility, investment instruments and derivative contracts and purchasers of Pioneer's oil, NGL\plain\cf1\f51\fs20\i\qj and gas production, uncertainties about estimates of reserves, identification of drilling locations and the ability to add proved\plain\cf1\f51\fs20\i\qj reserves in the future, the assumptions underlying production forecasts, quality of technical data, environmental and weather\plain\cf1\f51\fs20\i\qj risks, including the possible impacts of climate change, cybersecurity risks, ability to implement planned stock repurchases, the\plain\cf1\f51\fs20\i\qj risks associated with the ownership and operation of the Company's industrial sand mining and oilfield services businesses, and\plain\cf1\f51\fs20\i\qj acts of war or terrorism. These and other risks are described in the Company's Annual Report on Form 10-K, this and other\plain\cf1\f51\fs20\i\qj Quarterly Reports on Form 10-Q and other filings with the United States Securities and Exchange Commission. In addition, the\plain\cf1\f51\fs20\i\qj Company may be subject to currently unforeseen risks that may have a materially adverse effect on it. Accordingly, no\plain\cf1\f51\fs20\i\qj assurances can be given that the actual events and results will not be materially different than the anticipated results described\plain\cf1\f51\fs20\i\qj in the forward-looking statements. See "Part I, Item\~2. Management's Discussion and Analysis of Financial Condition and\plain\cf1\f51\fs20\i\qj Results of Operations," "Part 1, Item\~3. Quantitative and Qualitative Disclosures About Market Risk" and "Part II, Item\~1A. Risk\plain\cf1\f51\fs20\i\qj Factors" in this Report and "Part I, Item\~1. Business \u8212? Competition, Markets and Regulations," "Part I, Item\~1A. Risk\plain\cf1\f51\fs20\i\qj Factors," "Part II, Item\~7. Management's Discussion and Analysis of Financial Condition and Results of Operations" and "Part\plain\cf1\f51\fs20\i\qj II, Item\~7A. Quantitative and Qualitative Disclosures About Market Risk" in the Company's Annual Report on Form 10-K for the\plain\cf1\f51\fs20\i\qj year ended December 31, 2021 for a description of various factors that could materially affect the ability of Pioneer to achieve\plain\cf1\f51\fs20\i\qj the anticipated results described in the forward-looking statements. Readers are cautioned not to place undue reliance on\plain\cf1\f51\fs20\i\qj forward-looking statements, which speak only as of the date hereof. The Company undertakes no duty to publicly update these\plain\cf1\f51\fs20\i\qj statements except as required by law. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 3 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s84327ae005645309b1ef3ec14d804b4}{\*\bkmkend s84327ae005645309b1ef3ec14d804b4}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}} \par\pard\plain\fs16\par\pard\plain\sb528\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\ql Definitions of Certain Terms and Conventions Used Herein\par\pard\plain\sb132\sa66\fi528\cf1\f51\fs20\ql Within this Report, the following terms and conventions have specific meanings: \par\pard\plain {\trowd\clvertalc\cellx693\clvertalc\cellx6483\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx693\clvertalc\cellx6483\trrh66\row}}} {\trowd\cellx693\cellx6483\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "Bbl"\plain\intbl\cf1\f51\fs20\ql means a standard barrel containing 42 United States\plain\intbl\cf1\f51\fs20\ql gallons.\cell{ {\trowd\cellx693\cellx6483\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh742 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\qj "BOE"\plain\intbl\cf1\f51\fs20\qj means a barrel of oil equivalent and is a standard convention used to express oil and gas volumes on a\plain\intbl\cf1\f51\fs20\qj comparable oil equivalent basis. Gas equivalents are determined under the relative energy content method by using the\plain\intbl\cf1\f51\fs20\qj ratio of six thousand cubic feet of gas to one Bbl of oil or natural gas liquid.\cell{ {\trowd\cellx720\cellx10800\trrh742\row}}} \pard\plain {\trowd\clvertalc\cellx675\clvertalc\cellx3489\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx675\clvertalc\cellx3489\trrh66\row}}} {\trowd\cellx675\cellx3489\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "BOEPD"\plain\intbl\cf1\f51\fs20\ql means BOE\plain\intbl\cf1\f51\fs20\ql per day.\cell{ {\trowd\cellx675\cellx3489\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\qj "Btu"\plain\intbl\cf1\f51\fs20\qj means British thermal unit, which is a measure of the amount of energy required to raise the temperature of one\plain\intbl\cf1\f51\fs20\qj pound of water one degree Fahrenheit.\cell{ {\trowd\cellx720\cellx10800\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\qj "Conway"\plain\intbl\cf1\f51\fs20\qj means the daily average natural gas liquids components as priced in\plain\intbl\cf1\f51\fs20\i\qj Oil Price Information Service\plain\intbl\cf1\f51\fs20\qj ("OPIS")\plain\intbl\cf1\f51\fs20\qj in the table "U.S. and Canada LP \u8211? Gas Weekly Averages" at Conway, Kansas.\cell{ {\trowd\cellx720\cellx10800\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx687\clvertalc\cellx5618\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx687\clvertalc\cellx5618\trrh66\row}}} {\trowd\cellx687\cellx5618\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "DD&A"\plain\intbl\cf1\f51\fs20\ql means depletion, depreciation and\plain\intbl\cf1\f51\fs20\ql amortization.\cell{ {\trowd\cellx687\cellx5618\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx709\clvertalc\cellx9142\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx709\clvertalc\cellx9142\trrh66\row}}} {\trowd\cellx709\cellx9142\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "GAAP"\plain\intbl\cf1\f51\fs20\ql means accounting principles that are generally accepted in the United States of\plain\intbl\cf1\f51\fs20\ql America.\cell{ {\trowd\cellx709\cellx9142\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "HH"\plain\intbl\cf1\f51\fs20\ql means Henry Hub, a distribution hub on the natural gas pipeline in Louisiana that serves as the delivery location\plain\intbl\cf1\f51\fs20\ql for futures contracts on the NYMEX.\cell{ {\trowd\cellx720\cellx10800\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx702\clvertalc\cellx7947\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx702\clvertalc\cellx7947\trrh66\row}}} {\trowd\cellx702\cellx7947\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "LIBOR"\plain\intbl\cf1\f51\fs20\ql means London Interbank Offered Rate, which is a market rate of\plain\intbl\cf1\f51\fs20\ql interest.\cell{ {\trowd\cellx702\cellx7947\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx713\clvertalc\cellx9669\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx713\clvertalc\cellx9669\trrh66\row}}} {\trowd\cellx713\cellx9669\trrh248 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "LLS"\plain\intbl\cf1\f51\fs20\ql means Louisiana Light Sweet oil, a light, sweet blend of oil produced from the Gulf of Mexico.\cell{ {\trowd\cellx713\cellx9669\trrh248\row}}} \pard\plain {\trowd\clvertalc\cellx696\clvertalc\cellx6875\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx696\clvertalc\cellx6875\trrh66\row}}} {\trowd\cellx696\cellx6875\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "Mcf"\plain\intbl\cf1\f51\fs20\ql means one thousand cubic feet and is a measure of gas\plain\intbl\cf1\f51\fs20\ql volume.\cell{ {\trowd\cellx696\cellx6875\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx677\clvertalc\cellx3756\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx677\clvertalc\cellx3756\trrh66\row}}} {\trowd\cellx677\cellx3756\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "MMBtu"\plain\intbl\cf1\f51\fs20\ql means one\plain\intbl\cf1\f51\fs20\ql million Btus.\cell{ {\trowd\cellx677\cellx3756\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\qj "Mont Belvieu"\plain\intbl\cf1\f51\fs20\qj means the daily average natural gas liquids components as priced in OPIS in the table "U.S. and\plain\intbl\cf1\f51\fs20\qj Canada LP \u8211? Gas Weekly Averages" at Mont Belvieu, Texas.\cell{ {\trowd\cellx720\cellx10800\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx677\clvertalc\cellx3567\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx677\clvertalc\cellx3567\trrh66\row}}} {\trowd\cellx677\cellx3567\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "NGL"\plain\intbl\cf1\f51\fs20\ql means natural\plain\intbl\cf1\f51\fs20\ql gas liquid.\cell{ {\trowd\cellx677\cellx3567\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx687\clvertalc\cellx5446\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx687\clvertalc\cellx5446\trrh66\row}}} {\trowd\cellx687\cellx5446\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "NYMEX"\plain\intbl\cf1\f51\fs20\ql means the New York Mercantile\plain\intbl\cf1\f51\fs20\ql Exchange.\cell{ {\trowd\cellx687\cellx5446\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx707\clvertalc\cellx8796\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx707\clvertalc\cellx8796\trrh66\row}}} {\trowd\cellx707\cellx8796\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "Pioneer"\plain\intbl\cf1\f51\fs20\ql or the\plain\intbl\cf1\f51\fs20\b\i\ql "Company"\plain\intbl\cf1\f51\fs20\ql means Pioneer Natural Resources Company and its\plain\intbl\cf1\f51\fs20\ql subsidiaries.\cell{ {\trowd\cellx707\cellx8796\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh1732 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\qj "Proved reserves"\plain\intbl\cf1\f51\fs20\qj mean the quantities of oil and gas, which, by analysis of geoscience and engineering data, can be\plain\intbl\cf1\f51\fs20\qj estimated with reasonable certainty to be economically producible \u8211? from a given date forward, from known\plain\intbl\cf1\f51\fs20\qj reservoirs, and under existing economic conditions, operating methods, and government regulations \u8211? prior to the\plain\intbl\cf1\f51\fs20\qj time at which contracts providing the right to operate expire, unless evidence indicates that renewal is reasonably certain,\plain\intbl\cf1\f51\fs20\qj regardless of whether deterministic or probabilistic methods are used for the estimation. The project to extract the\plain\intbl\cf1\f51\fs20\qj hydrocarbons must have commenced or the operator must be reasonably certain that it will commence the project within\plain\intbl\cf1\f51\fs20\qj a reasonable time.\cell{ {\trowd\cellx720\cellx10800\trrh1732\row}}}\pard\plain\li792\cf1\f51\fs20\qj (i) The area of the reservoir considered as proved includes: (A)\~The area identified by drilling and limited by fluid\plain\li792\cf1\f51\fs20\qj contacts, if any, and (B)\~Adjacent undrilled portions of the reservoir that can, with reasonable certainty, be judged to be\plain\li792\cf1\f51\fs20\qj continuous with it and to contain economically producible oil or gas on the basis of available geoscience and engineering\plain\li792\cf1\f51\fs20\qj data.\par\pard\plain\li792\cf1\f51\fs20\qj (ii) In the absence of data on fluid contacts, proved quantities in a reservoir are limited by the lowest known\plain\li792\cf1\f51\fs20\qj hydrocarbons ("LKH") as seen in a well penetration unless geoscience, engineering, or performance data and reliable\plain\li792\cf1\f51\fs20\qj technology establishes a lower contact with reasonable certainty.\par\pard\plain\li792\cf1\f51\fs20\qj (iii) Where direct observation from well penetrations has defined a highest known oil ("HKO") elevation and the\plain\li792\cf1\f51\fs20\qj potential exists for an associated gas cap, proved oil reserves may be assigned in the structurally higher portions of the\plain\li792\cf1\f51\fs20\qj reservoir only if geoscience, engineering, or performance data and reliable technology establish the higher contact with\plain\li792\cf1\f51\fs20\qj reasonable certainty.\par\pard\plain\li792\cf1\f51\fs20\qj (iv) Reserves which can be produced economically through application of improved recovery techniques (including, but\plain\li792\cf1\f51\fs20\qj not limited to, fluid injection) are included in the proved classification when: (A)\~Successful testing by a pilot project in\plain\li792\cf1\f51\fs20\qj an area of the reservoir with properties no more favorable than in the reservoir as a whole, the operation of an installed\plain\li792\cf1\f51\fs20\qj program in the reservoir or an analogous reservoir, or other evidence using reliable technology establishes the reasonable\plain\li792\cf1\f51\fs20\qj certainty of the engineering analysis on which the project or program was based; and (B)\~The project has been approved\plain\li792\cf1\f51\fs20\qj for development by all necessary parties and entities, including governmental entities.\par\pard\plain\li792\cf1\f51\fs20\qj (v) Existing economic conditions include prices and costs at which economic producibility from a reservoir is to be\plain\li792\cf1\f51\fs20\qj determined. The price shall be the average during the 12-month period prior to the ending date of the period covered by\plain\li792\cf1\f51\fs20\qj the report, determined as an unweighted arithmetic average of the first-day-of-the-month price for each month within\plain\li792\cf1\f51\fs20\qj such period, unless prices are defined by contractual arrangements, excluding escalations based upon future conditions. \par\pard\plain {\trowd\clvertalc\cellx675\clvertalc\cellx3155\trrh0 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx675\clvertalc\cellx3155\trrh0\row}}} {\trowd\cellx675\cellx3155\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\i\ql "U.S."\plain\intbl\cf1\f51\fs20\ql means United\plain\intbl\cf1\f51\fs20\ql States.\cell{ {\trowd\cellx675\cellx3155\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh990 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj With respect to information on the working interest in wells, drilling locations and acreage,\plain\intbl\cf1\f51\fs20\i\qj "\plain\intbl\cf1\f51\fs20\b\i\qj net\plain\intbl\cf1\f51\fs20\i\qj "\plain\intbl\cf1\f51\fs20\qj wells, drilling\plain\intbl\cf1\f51\fs20\qj locations and acres are determined by multiplying\plain\intbl\cf1\f51\fs20\i\qj "\plain\intbl\cf1\f51\fs20\b\i\qj gross\plain\intbl\cf1\f51\fs20\i\qj "\plain\intbl\cf1\f51\fs20\qj wells, drilling locations and acres by the Company's working\plain\intbl\cf1\f51\fs20\qj interest in such wells, drilling locations or acres. Unless otherwise specified, wells, drilling locations and acreage\plain\intbl\cf1\f51\fs20\qj statistics quoted herein represent gross wells, drilling locations or acres.\cell{ {\trowd\cellx720\cellx10800\trrh990\row}}} \pard\plain {\trowd\clvertalc\cellx699\clvertalc\cellx7445\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx699\clvertalc\cellx7445\trrh66\row}}} {\trowd\cellx699\cellx7445\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\ql Unless otherwise indicated, all currency amounts are expressed in U.S.\plain\intbl\cf1\f51\fs20\ql dollars.\cell{ {\trowd\cellx699\cellx7445\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx718\clvertalc\cellx10559\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx718\clvertalc\cellx10559\trrh66\row}}} {\trowd\cellx718\cellx10559\trrh248 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\b\ql "WTI"\plain\intbl\cf1\f51\fs20\ql means West Texas Intermediate oil, a light, sweet blend of oil produced from the fields in western Texas.\cell{ {\trowd\cellx718\cellx10559\trrh248\row}}} \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\qc 4 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s6bd09691c3a45f2bae6f40a659cf8d5}{\*\bkmkend s6bd09691c3a45f2bae6f40a659cf8d5}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}} \par\pard\plain\fs16{\*\bkmkstart part_1_2_1}{\*\bkmkend part_1_2_1}\par\pard\plain\cf1\f51\fs20\b\qc PART I. FINANCIAL INFORMATION{\*\bkmkstart s273e8f40f9aa5e2e8e9496e356d5c63}{\*\bkmkend s273e8f40f9aa5e2e8e9496e356d5c63}{\*\bkmkstart item_1_3_1}{\*\bkmkend item_1_3_1}\par\pard\plain\cf1\f51\fs20\b\ql Item\~1.\plain\cf1\f51\fs20\b\ql Financial Statements{\*\bkmkstart s5b62bb04eb895e038d8a1ca63235b26}{\*\bkmkend s5b62bb04eb895e038d8a1ca63235b26}\par\pard\plain\sb132\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb132\cf1\f51\fs20\b\qc CONSOLIDATED BALANCE SHEETS\par\pard\plain\cf1\f51\fs20\b\qc (in millions)\par\pard\plain\cf1\f51\fs18\ql \~ \par\pard\plain {\trowd\clvertalc\cellx10789\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10789\trrh66\row}}} {\trowd\clvertalc\cellx6795\clvertalc\cellx7146\clvertalc\cellx8345\clvertalc\cellx8696\clvertalc\cellx8798\clvertalc\cellx9193\clvertalc\cellx10392\clvertalc\cellx10789\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx6795\clvertalc\cellx7146\clvertalc\cellx8345\clvertalc\cellx8696\clvertalc\cellx8798\clvertalc\cellx9193\clvertalc\cellx10392\clvertalc\cellx10789\trrh66\row}}} {\trowd\clvertalb\cellx6795\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8696\clvertalb\cellx8798\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10787\trrh529 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\b\qc June\~30, \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\b\qc December\~31, \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\b\qc 2017\cell{ {\trowd\clvertalb\cellx6795\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8696\clvertalb\cellx8798\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10787\trrh529\row}}} {\trowd\clvertalb\cellx6795\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10787\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx6795\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10787\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc ASSETS\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx6795\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10787\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Current assets:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6795\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10787\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9193\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Cash and cash equivalents\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 792\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 896\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9193\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Short-term investments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 391\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,213\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10787\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Accounts receivable:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10787\trrh281\row}}} {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\fi-198\cf1\f51\fs20\ql Trade, net\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 853\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 644\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Due from affiliates\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Income taxes receivable\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Inventories\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 236\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 212\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Assets held for sale\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 155\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Derivatives\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 11\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx6795\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8696\clvertalb\cellx8798\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10392\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Other\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 23\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 23\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6795\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8696\clvertalb\cellx8798\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10392\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Total current assets\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,459\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3,007\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx6795\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10787\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Property, plant and equipment, at cost:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6795\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10787\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10787\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Oil and gas properties, using the successful efforts method of accounting:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10787\trrh281\row}}} {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Proved properties\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 19,990\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 20,404\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Unproved properties\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 570\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 558\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx6795\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8696\clvertalb\cellx8798\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10392\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Accumulated depletion, depreciation and amortization\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (8,070\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (9,196\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\cellx6795\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8696\clvertalb\cellx8798\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10392\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Total property, plant and equipment\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 12,490\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 11,766\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Long-term investments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 313\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 66\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Goodwill\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 269\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 270\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Other property and equipment, net\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,805\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,762\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6795\clvertalb\cellx8345\clvertalb\cellx8696\clvertalb\cellx8798\clvertalb\cellx10392\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\fi-198\cf1\f51\fs20\ql Other assets, net\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 113\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 132\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6795\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8345\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8798\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10392\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\clvertalb\cellx6795\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7146\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8345\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8696\clvertalb\cellx8798\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9193\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10392\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 17,449\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 17,003\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx6795\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7146\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8345\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8696\clvertalb\cellx8798\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9193\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10392\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10789\trrh281\row}}} \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\sb264\cf1\f51\fs18\qc The financial information included as of June 30, 2022 has been prepared by management\par\pard\plain\cf1\f51\fs18\qc without audit by independent registered public accountants.\par\pard\plain\sb264\cf1\f51\fs18\qc The accompanying notes are an integral part of these consolidated financial statements. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 5 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}} \par\pard\plain\fs16\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb132\cf1\f51\fs20\b\qc CONSOLIDATED BALANCE SHEETS (continued)\par\pard\plain\cf1\f51\fs20\b\qc (in millions, except share data)\plain\cf1\f51\fs18\qc \~ \par\pard\plain\fs16 \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx6806\clvertalc\cellx7157\clvertalc\cellx8355\clvertalc\cellx8706\clvertalc\cellx8808\clvertalc\cellx9203\clvertalc\cellx10401\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx6806\clvertalc\cellx7157\clvertalc\cellx8355\clvertalc\cellx8706\clvertalc\cellx8808\clvertalc\cellx9203\clvertalc\cellx10401\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx6806\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8706\clvertalb\cellx8808\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh529 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\b\qc June\~30, \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\b\qc December\~31, \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\b\qc 2017\cell{ {\trowd\clvertalb\cellx6806\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8706\clvertalb\cellx8808\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh529\row}}} {\trowd\clvertalb\cellx6806\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10797\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc (Unaudited)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx6806\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10797\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc LIABILITIES AND EQUITY\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx6806\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10797\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Current liabilities:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6806\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10797\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10797\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Accounts payable:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10797\trrh281\row}}} {\trowd\cellx6806\clvertalb\cellx7157\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx9203\clvertalb\cellx10401\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Trade\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,432\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,174\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6806\clvertalb\cellx7157\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx9203\clvertalb\cellx10401\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Due to affiliates\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 91\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 108\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx6806\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10402\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Interest payable\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 53\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 59\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6806\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10402\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Current portion of long-term debt\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 449\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx6806\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10402\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Liabilities held for sale\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 74\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6806\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10402\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Derivatives\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 512\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 232\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx6806\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8355\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8706\clvertalb\cellx8808\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10402\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Other\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 100\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 106\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6806\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8355\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8706\clvertalb\cellx8808\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10402\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Total current liabilities\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,262\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,128\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx6806\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8355\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8706\clvertalb\cellx8808\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10402\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Long-term debt\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,285\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,283\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx6806\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8355\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8706\clvertalb\cellx8808\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10402\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10800\trrh298\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Derivatives\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 89\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 23\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx6806\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10402\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Deferred income taxes\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 947\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 899\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6806\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10402\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Other liabilities\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 382\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 391\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx6806\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10797\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Equity:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx6806\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10797\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh776 \pard\plain\intbl\li198\ri22\sb22\fi-198\cf1\f51\fs20\ql Common stock, $.01 par value; 500,000,000 shares authorized; 174,294,691\plain\intbl\li198\ri22\cf1\f51\fs20\ql and 173,796,743 shares issued as of June 30, 2022 and December 31, 2017,\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql respectively\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh776\row}}} {\trowd\cellx6806\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10402\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Additional paid-in capital\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 9,015\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 8,974\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6806\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10402\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh529 \pard\plain\intbl\li198\ri22\sb22\fi-198\cf1\f51\fs20\ql Treasury stock at cost: 3,893,965 and 3,608,132 shares as of June 30, 2018\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql and December 31, 2017, respectively\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (299\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (249\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh529\row}}} {\trowd\cellx6806\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10402\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Retained earnings\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,764\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,547\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6806\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10402\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Total equity attributable to common stockholders\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 11,482\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 11,274\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\cellx6806\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8355\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8706\clvertalb\cellx8808\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10402\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Noncontrolling interests in consolidated subsidiaries\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 5\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6806\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8355\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8706\clvertalb\cellx8808\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10402\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Total equity\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 11,484\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 11,279\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10402\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx6806\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10402\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Commitments and contingencies\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6806\clvertalb\cellx8355\clvertalb\cellx8706\clvertalb\cellx8808\clvertalb\cellx10402\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6806\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7157\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9203\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10401\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 17,449\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 17,003\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6806\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7157\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8355\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8706\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8808\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9203\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10401\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\sb264\cf1\f51\fs18\qc The financial information included as of June 30, 2022 has been prepared by management\par\pard\plain\cf1\f51\fs18\qc without audit by independent registered public accountants.\par\pard\plain\sb264\cf1\f51\fs18\qc The accompanying notes are an integral part of these consolidated financial statements. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 6 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s7bc65823977c5a13a9b53475352cdaa}{\*\bkmkend s7bc65823977c5a13a9b53475352cdaa}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}} \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\cf1\f51\fs20\b\qc CONSOLIDATED STATEMENTS OF OPERATIONS\par\pard\plain\cf1\f51\fs20\b\qc (in millions, except per share data)\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited)\plain\cf1\f51\fs18\qc \~ \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx4632\clvertalc\cellx4772\clvertalc\cellx5926\clvertalc\cellx6066\clvertalc\cellx6173\clvertalc\cellx6415\clvertalc\cellx7569\clvertalc\cellx7709\clvertalc\cellx7814\clvertalc\cellx7954\clvertalc\cellx9096\clvertalc\cellx9236\clvertalc\cellx9343\clvertalc\cellx9510\clvertalc\cellx10654\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx4632\clvertalc\cellx4772\clvertalc\cellx5926\clvertalc\cellx6066\clvertalc\cellx6173\clvertalc\cellx6415\clvertalc\cellx7569\clvertalc\cellx7709\clvertalc\cellx7814\clvertalc\cellx7954\clvertalc\cellx9096\clvertalc\cellx9236\clvertalc\cellx9343\clvertalc\cellx9510\clvertalc\cellx10654\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7711\clvertalb\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh529 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs20\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs20\b\qc June 30,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs20\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs20\b\qc June 30,\cell{ {\trowd\trqc\clvertalb\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7711\clvertalb\cellx7816\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh529\row}}} {\trowd\trqc\clvertalb\cellx4632\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7710\clvertalb\cellx7815\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9237\clvertalb\cellx9344\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 2017\cell{ {\trowd\trqc\clvertalb\cellx4632\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7710\clvertalb\cellx7815\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9237\clvertalb\cellx9344\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh298\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10795\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Revenues and other income:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10795\trrh298\row}}} {\trowd\trqc\cellx4632\clvertalb\cellx4772\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx6415\clvertalb\cellx7569\clvertalb\cellx7709\clvertalb\cellx7814\clvertalb\cellx7954\clvertalb\cellx9096\clvertalb\cellx9236\clvertalb\cellx9343\clvertalb\cellx9510\clvertalb\cellx10654\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Oil and gas\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,286\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 768\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,552\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,577\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clvertalb\cellx4772\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx6415\clvertalb\cellx7569\clvertalb\cellx7709\clvertalb\cellx7814\clvertalb\cellx7954\clvertalb\cellx9096\clvertalb\cellx9236\clvertalb\cellx9343\clvertalb\cellx9510\clvertalb\cellx10654\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Sales of purchased oil and gas\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,095\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 349\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,166\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 664\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4632\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7570\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9097\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10655\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Interest and other\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 9\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 16\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 26\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 30\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7570\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9097\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10655\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Derivative gains (losses), net\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (358\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 135\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (566\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 286\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7710\clvertalb\cellx7815\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9097\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9237\clvertalb\cellx9344\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10655\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Gain on disposition of assets, net\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 79\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 194\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 83\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 205\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7710\clvertalb\cellx7815\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9097\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9237\clvertalb\cellx9344\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10655\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,111\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,462\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 4,261\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,762\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4632\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10795\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Costs and expenses:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\cellx4632\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10795\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Oil and gas production\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 243\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 147\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 456\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 288\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4632\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7570\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9097\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10655\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Production and ad valorem taxes\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 70\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 51\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 146\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 99\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7570\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9097\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10655\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Depletion, depreciation and amortization\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 378\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 341\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 735\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 678\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4632\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7570\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9097\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10655\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Purchased oil and gas\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,026\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 363\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,080\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 697\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7570\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9097\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10655\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Impairment of oil and gas properties\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 77\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 77\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 285\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4632\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7570\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9097\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10655\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Exploration and abandonments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 28\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 26\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 63\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 59\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7570\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9097\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10655\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql General and administrative\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 95\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 81\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 185\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 165\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4632\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7570\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9097\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10655\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Accretion of discount on asset retirement obligations\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 4\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 5\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 8\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 10\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7570\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9097\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10655\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Interest\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 32\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 35\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 68\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 81\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7710\clvertalb\cellx7815\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9097\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9237\clvertalb\cellx9344\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10655\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Other\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 76\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 59\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 133\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 119\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5926\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7570\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7710\clvertalb\cellx7815\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9097\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9237\clvertalb\cellx9344\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10655\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,029\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,108\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3,951\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,481\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\trqc\cellx4632\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5926\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7570\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7710\clvertalb\cellx7815\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9097\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9237\clvertalb\cellx9344\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10655\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Income before income taxes\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 82\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 354\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 310\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 281\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5926\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7570\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7710\clvertalb\cellx7815\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9097\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9237\clvertalb\cellx9344\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10655\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10800\trrh298\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Income tax provision\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (19\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (121\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (69\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (90\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4632\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7570\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7710\clvertalb\cellx7815\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9097\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9237\clvertalb\cellx9344\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10655\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Net income\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 63\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 233\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 241\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 191\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clvertalb\cellx5926\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7570\clbrdrt\brdrs\brdrcf1\clvertalb\cellx7710\clvertalb\cellx7815\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9097\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9237\clvertalb\cellx9344\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10655\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10800\trrh298\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Net loss attributable to noncontrolling interests\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4632\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4772\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5926\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6415\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7569\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7709\clvertalb\cellx7814\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7954\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9096\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9236\clvertalb\cellx9343\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9510\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10654\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Net income attributable to common stockholders\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 66\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 233\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 244\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 191\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4772\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5926\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6415\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7569\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7709\clvertalb\cellx7814\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7954\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9096\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9236\clvertalb\cellx9343\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9510\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10654\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10795\trrh321 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10795\trrh321\row}}} {\trowd\trqc\cellx4632\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4772\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5926\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6415\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7569\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7709\clvertalb\cellx7814\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7954\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9096\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9236\clvertalb\cellx9343\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9510\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10654\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li198\ri22\sb22\fi-198\cf1\f51\fs20\ql Basic and diluted net income per share attributable to\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql common stockholders\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.38\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.36\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.42\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.11\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4772\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5926\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6415\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7569\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7709\clvertalb\cellx7814\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7954\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9096\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9236\clvertalb\cellx9343\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9510\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10654\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh529\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10795\trrh321 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10795\trrh321\row}}} {\trowd\trqc\cellx4632\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10795\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Weighted average shares outstanding:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\cellx4632\clvertalb\cellx6066\clvertalb\cellx6173\clvertalb\cellx7710\clvertalb\cellx7815\clvertalb\cellx9237\clvertalb\cellx9344\clvertalb\cellx10795\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Basic\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4632\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5926\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7570\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9097\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10655\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4632\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5926\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7570\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7710\clvertalb\cellx7815\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9097\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9237\clvertalb\cellx9344\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10655\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Diluted\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 171\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 171\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5926\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7570\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7710\clvertalb\cellx7815\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9097\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9237\clvertalb\cellx9344\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10655\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10795\trrh321 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6173\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7815\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9237\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10795\trrh321\row}}} {\trowd\trqc\cellx4632\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4772\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5926\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6415\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7569\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7709\clvertalb\cellx7814\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7954\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9096\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9236\clvertalb\cellx9343\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9510\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10654\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Dividends declared per share\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.16\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.04\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4632\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4772\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5926\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6066\clvertalb\cellx6173\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6415\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7569\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7709\clvertalb\cellx7814\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7954\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9096\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9236\clvertalb\cellx9343\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9510\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10654\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh281\row}}} \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f51\fs18\qc The financial information included herein has been prepared by management\par\pard\plain\cf1\f51\fs18\qc without audit by independent registered public accountants.\par\pard\plain\cf1\f51\fs18\qc The accompanying notes are an integral part of these consolidated financial statements. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 7 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart sc692241ace1b5248988a8f619a9e98a}{\*\bkmkend sc692241ace1b5248988a8f619a9e98a}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}} \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb132\cf1\f51\fs20\b\qc CONSOLIDATED STATEMENT OF EQUITY\par\pard\plain\cf1\f51\fs20\b\qc (in millions, except share data and dividends per share)\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited)\par\pard\plain\cf1\f51\fs18\ql \~ \par\pard\plain {\trowd\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10799\trrh66\row}}} {\trowd\clvertalc\cellx1721\clvertalc\cellx2504\clvertalc\cellx3047\clvertalc\cellx3131\clvertalc\cellx3463\clvertalc\cellx3994\clvertalc\cellx4263\clvertalc\cellx4353\clvertalc\cellx4663\clvertalc\cellx5280\clvertalc\cellx5590\clvertalc\cellx5680\clvertalc\cellx5953\clvertalc\cellx6520\clvertalc\cellx6789\clvertalc\cellx6879\clvertalc\cellx7144\clvertalc\cellx7761\clvertalc\cellx8026\clvertalc\cellx8110\clvertalc\cellx8546\clvertalc\cellx9142\clvertalc\cellx9578\clvertalc\cellx9662\clvertalc\cellx9884\clvertalc\cellx10564\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1721\clvertalc\cellx2504\clvertalc\cellx3047\clvertalc\cellx3131\clvertalc\cellx3463\clvertalc\cellx3994\clvertalc\cellx4263\clvertalc\cellx4353\clvertalc\cellx4663\clvertalc\cellx5280\clvertalc\cellx5590\clvertalc\cellx5680\clvertalc\cellx5953\clvertalc\cellx6520\clvertalc\cellx6789\clvertalc\cellx6879\clvertalc\cellx7144\clvertalc\cellx7761\clvertalc\cellx8026\clvertalc\cellx8110\clvertalc\cellx8546\clvertalc\cellx9142\clvertalc\cellx9578\clvertalc\cellx9662\clvertalc\cellx9884\clvertalc\cellx10564\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx1721\clvertalb\cellx3047\clvertalb\cellx3131\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8035\clvertalb\cellx8119\clvertalb\cellx9588\clvertalb\cellx9672\clvertalb\cellx10797\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\b\qc Equity Attributable To Common Stockholders\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx1721\clvertalb\cellx3047\clvertalb\cellx3131\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8035\clvertalb\cellx8119\clvertalb\cellx9588\clvertalb\cellx9672\clvertalb\cellx10797\trrh281\row}}} {\trowd\clvertalb\cellx1721\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3047\clvertalb\cellx3131\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4264\clvertalb\cellx4354\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5592\clvertalb\cellx5682\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6793\clvertalb\cellx6883\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8032\clvertalb\cellx8116\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9585\clvertalb\cellx9669\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10794\trrh776 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Shares\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Outstanding\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Common\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Stock\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Additional\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Paid-in\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Capital\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Treasury\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Stock\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Retained\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Earnings\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Noncontrolling\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Interests\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\b\qc Total\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\b\qc Equity\cell{ {\trowd\clvertalb\cellx1721\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3047\clvertalb\cellx3131\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4264\clvertalb\cellx4354\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5592\clvertalb\cellx5682\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6793\clvertalb\cellx6883\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8032\clvertalb\cellx8116\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9585\clvertalb\cellx9669\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10794\trrh776\row}}} {\trowd\clvertalb\cellx1721\clvertalb\cellx3047\clvertalb\cellx3131\clvertalb\cellx4264\clvertalb\cellx4354\clvertalb\cellx5592\clvertalb\cellx5682\clvertalb\cellx6793\clvertalb\cellx6883\clvertalb\cellx8032\clvertalb\cellx8116\clvertalb\cellx9585\clvertalb\cellx9669\clvertalb\cellx10794\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc (in thousands)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx1721\clvertalb\cellx3047\clvertalb\cellx3131\clvertalb\cellx4264\clvertalb\cellx4354\clvertalb\cellx5592\clvertalb\cellx5682\clvertalb\cellx6793\clvertalb\cellx6883\clvertalb\cellx8032\clvertalb\cellx8116\clvertalb\cellx9585\clvertalb\cellx9669\clvertalb\cellx10794\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx1721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3047\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3131\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3463\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3994\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4263\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4353\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4663\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5280\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5590\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5680\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5953\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6520\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6789\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6879\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7761\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8110\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9142\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9578\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9662\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9884\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10564\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh529 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\ql Balance as of\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\ql December 31, 2017\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170,189\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 8,974\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (249\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,547\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 5\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 11,279\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx1721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3047\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3131\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3463\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3994\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4263\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4353\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4663\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5280\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5590\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5680\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5953\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6520\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6789\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6879\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7761\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8110\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9142\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9578\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9662\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9884\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10564\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh529\row}}} {\trowd\cellx1721\clvertalb\cellx2504\clvertalb\cellx3047\clvertalb\cellx3131\clvertalb\cellx3994\clvertalb\cellx4263\clvertalb\cellx4353\clvertalb\cellx5281\clvertalb\cellx5591\clvertalb\cellx5681\clvertalb\cellx6522\clvertalb\cellx6791\clvertalb\cellx6881\clvertalb\cellx7764\clvertalb\cellx8029\clvertalb\cellx8113\clvertalb\cellx9145\clvertalb\cellx9581\clvertalb\cellx9665\clvertalb\cellx10567\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\ql Dividends declared\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\ql ($0.16 per share)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (27\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (27\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\cellx1721\clvertalb\cellx2504\clvertalb\cellx3047\clvertalb\cellx3131\clvertalb\cellx3994\clvertalb\cellx4263\clvertalb\cellx4353\clvertalb\cellx5281\clvertalb\cellx5591\clvertalb\cellx5681\clvertalb\cellx6522\clvertalb\cellx6791\clvertalb\cellx6881\clvertalb\cellx7764\clvertalb\cellx8029\clvertalb\cellx8113\clvertalb\cellx9145\clvertalb\cellx9581\clvertalb\cellx9665\clvertalb\cellx10567\clvertalb\cellx10800\trrh529\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3047\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3131\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3994\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4263\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4353\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5281\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5591\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5681\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6522\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6791\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6881\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8029\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8113\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9581\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10567\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh1519 \pard\plain\intbl\li198\ri22\sb22\fi-198\cf1\f51\fs20\ql Exercise of\plain\intbl\li198\ri22\cf1\f51\fs20\ql long-term\plain\intbl\li198\ri22\cf1\f51\fs20\ql incentive stock\plain\intbl\li198\ri22\cf1\f51\fs20\ql options and\plain\intbl\li198\ri22\cf1\f51\fs20\ql employee stock\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql purchases\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3047\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3131\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3994\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4263\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4353\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5281\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5591\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5681\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6522\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6791\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6881\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8029\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8113\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9581\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10567\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh1519\row}}} {\trowd\clvertalb\cellx1721\clvertalb\cellx2504\clvertalb\cellx3047\clvertalb\cellx3131\clvertalb\cellx3994\clvertalb\cellx4263\clvertalb\cellx4353\clvertalb\cellx5281\clvertalb\cellx5591\clvertalb\cellx5681\clvertalb\cellx6522\clvertalb\cellx6791\clvertalb\cellx6881\clvertalb\cellx7764\clvertalb\cellx8029\clvertalb\cellx8113\clvertalb\cellx9145\clvertalb\cellx9581\clvertalb\cellx9665\clvertalb\cellx10567\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\ql Purchases of\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\ql treasury stock\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (293\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (51\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (51\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\clvertalb\cellx1721\clvertalb\cellx2504\clvertalb\cellx3047\clvertalb\cellx3131\clvertalb\cellx3994\clvertalb\cellx4263\clvertalb\cellx4353\clvertalb\cellx5281\clvertalb\cellx5591\clvertalb\cellx5681\clvertalb\cellx6522\clvertalb\cellx6791\clvertalb\cellx6881\clvertalb\cellx7764\clvertalb\cellx8029\clvertalb\cellx8113\clvertalb\cellx9145\clvertalb\cellx9581\clvertalb\cellx9665\clvertalb\cellx10567\clvertalb\cellx10800\trrh529\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx1721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3047\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3131\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4354\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5592\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5682\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6793\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6883\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8032\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8116\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9585\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10794\trrh529 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\ql Compensation\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\ql costs:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx1721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3047\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3131\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4264\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4354\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5592\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5682\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6793\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6883\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8032\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8116\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9585\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10794\trrh529\row}}} {\trowd\cellx1721\clvertalb\cellx2504\clvertalb\cellx3047\clvertalb\cellx3131\clvertalb\cellx3994\clvertalb\cellx4263\clvertalb\cellx4353\clvertalb\cellx5281\clvertalb\cellx5591\clvertalb\cellx5681\clvertalb\cellx6522\clvertalb\cellx6791\clvertalb\cellx6881\clvertalb\cellx7764\clvertalb\cellx8029\clvertalb\cellx8113\clvertalb\cellx9145\clvertalb\cellx9581\clvertalb\cellx9665\clvertalb\cellx10567\clvertalb\cellx10800\trrh776 \pard\plain\intbl\li198\ri22\sb22\cf1\f51\fs20\ql Vested\plain\intbl\li198\ri22\cf1\f51\fs20\ql compensation\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql awards\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 498\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx1721\clvertalb\cellx2504\clvertalb\cellx3047\clvertalb\cellx3131\clvertalb\cellx3994\clvertalb\cellx4263\clvertalb\cellx4353\clvertalb\cellx5281\clvertalb\cellx5591\clvertalb\cellx5681\clvertalb\cellx6522\clvertalb\cellx6791\clvertalb\cellx6881\clvertalb\cellx7764\clvertalb\cellx8029\clvertalb\cellx8113\clvertalb\cellx9145\clvertalb\cellx9581\clvertalb\cellx9665\clvertalb\cellx10567\clvertalb\cellx10800\trrh776\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx1721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3047\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3131\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3994\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4263\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4353\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5281\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5591\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5681\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6522\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6791\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6881\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8029\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8113\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9581\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10567\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh776 \pard\plain\intbl\li198\ri22\sb22\cf1\f51\fs20\ql Compensation\plain\intbl\li198\ri22\cf1\f51\fs20\ql costs included in\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql net income\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 41\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 41\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx1721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2504\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3047\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3131\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3994\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4263\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4353\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5281\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5591\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5681\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6522\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6791\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6881\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7764\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8029\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8113\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9581\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10567\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh776\row}}} {\trowd\cellx1721\clvertalb\cellx2504\clvertalb\cellx3047\clvertalb\cellx3131\clvertalb\cellx3994\clvertalb\cellx4263\clvertalb\cellx4353\clvertalb\cellx5281\clvertalb\cellx5591\clvertalb\cellx5681\clvertalb\cellx6522\clvertalb\cellx6791\clvertalb\cellx6881\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7764\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8029\clvertalb\cellx8113\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9145\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9581\clvertalb\cellx9665\clvertalb\cellx10567\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Net income\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 244\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (3\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 241\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx1721\clvertalb\cellx2504\clvertalb\cellx3047\clvertalb\cellx3131\clvertalb\cellx3994\clvertalb\cellx4263\clvertalb\cellx4353\clvertalb\cellx5281\clvertalb\cellx5591\clvertalb\cellx5681\clvertalb\cellx6522\clvertalb\cellx6791\clvertalb\cellx6881\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7764\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8029\clvertalb\cellx8113\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9145\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9581\clvertalb\cellx9665\clvertalb\cellx10567\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1721\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2504\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3047\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3131\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3463\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3994\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4263\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4353\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4663\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5280\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5590\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5680\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5953\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6520\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6789\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6879\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7761\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8110\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8546\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9142\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9578\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9662\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9884\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10564\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh529 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\ql Balance as of June\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\ql 30, 2018\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170,401\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 9,015\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (299\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,764\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 11,484\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1721\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2504\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3047\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3131\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3463\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3994\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4263\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4353\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4663\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5280\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5590\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5680\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5953\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6520\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6789\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6879\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7761\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8110\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8546\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9142\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9578\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9662\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9884\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10564\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh529\row}}} \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\sb264\cf1\f51\fs18\qc The financial information included herein has been prepared by management\par\pard\plain\cf1\f51\fs18\qc without audit by independent registered public accountants.\par\pard\plain\sb264\cf1\f51\fs18\qc The accompanying notes are an integral part of these consolidated financial statements. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 8 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s9158de04bdeb5a1682e79a89f2f62c2}{\*\bkmkend s9158de04bdeb5a1682e79a89f2f62c2}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}} \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb132\cf1\f51\fs20\b\qc CONSOLIDATED STATEMENTS OF CASH FLOWS\par\pard\plain\cf1\f51\fs20\b\qc (in millions)\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain {\trowd\clvertalc\cellx10789\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10789\trrh66\row}}} {\trowd\clvertalc\cellx7398\clvertalc\cellx7640\clvertalc\cellx8899\clvertalc\cellx9039\clvertalc\cellx9146\clvertalc\cellx9388\clvertalc\cellx10647\clvertalc\cellx10789\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx7398\clvertalc\cellx7640\clvertalc\cellx8899\clvertalc\cellx9039\clvertalc\cellx9146\clvertalc\cellx9388\clvertalc\cellx10647\clvertalc\cellx10789\trrh66\row}}} {\trowd\clvertalb\cellx7398\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh529 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs20\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs20\b\qc June 30,\cell{ {\trowd\clvertalb\cellx7398\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh529\row}}} {\trowd\clvertalb\cellx7398\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9039\clvertalb\cellx9146\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10787\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 2017\cell{ {\trowd\clvertalb\cellx7398\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9039\clvertalb\cellx9146\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10787\trrh298\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10787\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Cash flows from operating activities:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10787\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx7640\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx9388\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Net income\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 241\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 191\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clvertalb\cellx7640\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx9388\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10787\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Adjustments to reconcile net income to net cash provided by operating activities:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10787\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Depletion, depreciation and amortization\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 735\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 678\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Impairment of oil and gas properties\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 77\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 285\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Impairment of inventory and other property and equipment\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 6\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Exploration expenses, including dry holes\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 9\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 18\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Deferred income taxes\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 69\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 90\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Gain on disposition of assets, net\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (83\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (205\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Accretion of discount on asset retirement obligations\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 8\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 10\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Interest expense\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Derivative related activity\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 355\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (251\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Amortization of stock-based compensation\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 41\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 43\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Other\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 39\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 40\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10787\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Change in operating assets and liabilities:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10787\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Accounts receivable\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (208\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 27\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Income taxes receivable\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Inventories\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (35\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (11\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Investments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 6\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Other current assets\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (7\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Accounts payable\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 218\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (42\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Interest payable\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (5\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (9\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Other current liabilities\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (12\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (24\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8899\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9039\clvertalb\cellx9146\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10647\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh298 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Net cash provided by operating activities\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,456\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 847\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8899\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9039\clvertalb\cellx9146\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10647\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh298\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10787\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Cash flows from investing activities:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10787\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Proceeds from disposition of assets\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 111\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 345\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Proceeds from investments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,049\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 878\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Purchase of investments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (482\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (750\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Additions to oil and gas properties\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (1,588\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (1,074\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8899\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9039\clvertalb\cellx9146\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10647\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Additions to other assets and other property and equipment, net\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (116\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (176\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\cellx7398\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8899\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9039\clvertalb\cellx9146\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10647\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Net cash used in investing activities\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (1,026\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (777\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10787\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Cash flows from financing activities:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx7398\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10787\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Principal payments on long-term debt\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (450\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (485\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Exercise of long-term incentive plan stock options and employee stock purchases\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Purchases of treasury stock\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (51\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (36\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Payments of other liabilities\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (7\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clvertalb\cellx8899\clvertalb\cellx9039\clvertalb\cellx9146\clvertalb\cellx10647\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Dividends paid\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (27\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (7\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8899\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9039\clvertalb\cellx9146\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10647\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh298 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Net cash used in financing activities\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (534\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (528\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\cellx7398\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8899\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9039\clvertalb\cellx9146\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10647\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh298\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Net decrease in cash and cash equivalents\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (104\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (458\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx7398\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8899\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9039\clvertalb\cellx9146\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10647\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Cash and cash equivalents, beginning of period\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 896\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,118\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx7398\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8899\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9039\clvertalb\cellx9146\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10647\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7640\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9388\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Cash and cash equivalents, end of period\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 792\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 660\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx7398\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7640\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8899\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9039\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9146\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9388\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f51\fs18\qc The financial information included herein has been prepared by management\par\pard\plain\cf1\f51\fs18\qc without audit by independent registered public accountants.\par\pard\plain\sb176\cf1\f51\fs18\qc The accompanying notes are an integral part of these consolidated financial statements. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 9 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s55c33690a500551087b05313c881cc6}{\*\bkmkend s55c33690a500551087b05313c881cc6}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16 \par\pard\plain\fs16{\*\bkmkstart sa9c0134c1d265423912430030a7cee1}{\*\bkmkend sa9c0134c1d265423912430030a7cee1}\par\pard\plain\sb176\cf1\f51\fs20\b\ql NOTE 1. Organization and Nature of Operations\par\pard\plain\sb132\fi594\cf1\f51\fs20\qj Pioneer Natural Resources Company ("Pioneer" or the "Company") is a Delaware corporation whose common stock is\plain\cf1\f51\fs20\qj listed and traded on the New York Stock Exchange. The Company is a large independent oil and gas exploration and production\plain\cf1\f51\fs20\qj company that explores for, develops and produces oil, natural gas liquids ("NGLs") and gas within the United States, with\plain\cf1\f51\fs20\qj operations primarily in the Permian Basin in West Texas, the Eagle Ford Shale play in South Texas, the Raton Basin field in\plain\cf1\f51\fs20\qj southeast Colorado and the West Panhandle field in the Texas Panhandle.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj In February 2018, the Company announced its intention to divest its properties in the South Texas, Raton and West\plain\cf1\f51\fs20\qj Panhandle fields and focus its efforts and capital resources on its Permian Basin assets. Thus far into 2018, the Company has\plain\cf1\f51\fs20\qj accomplished the following: \par\pard\plain {\trowd\clvertalc\cellx1080\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1080\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1080\cellx10800\trrh742 \pard\plain\intbl\li792\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj In April 2018, the Company completed the sale of approximately 10,200 net acres in the western portion of the\plain\intbl\cf1\f51\fs20\qj Eagle Ford Shale ("West Eagle Ford Shale") to an unaffiliated third party for cash proceeds of $103 million, before\plain\intbl\cf1\f51\fs20\qj normal closing adjustments.\cell{ {\trowd\cellx1080\cellx10800\trrh742\row}}} \pard\plain {\trowd\clvertalc\cellx1080\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1080\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1080\cellx10800\trrh742 \pard\plain\intbl\li792\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj In June 2018, the Company entered into a purchase and sale agreement with an unaffiliated third party to sell all of\plain\intbl\cf1\f51\fs20\qj its assets in the Raton Basin for cash proceeds of $79 million, before normal closing adjustments. The sale closed in\plain\intbl\cf1\f51\fs20\qj July 2018.\cell{ {\trowd\cellx1080\cellx10800\trrh742\row}}} \pard\plain {\trowd\clvertalc\cellx1080\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1080\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1080\cellx10800\trrh495 \pard\plain\intbl\li792\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj In July 2018, the Company announced it signed a purchase and sale agreement to sell its assets in the West\plain\intbl\cf1\f51\fs20\qj Panhandle field to an unaffiliated third party for cash proceeds of $201 million, before normal closing adjustments.\cell{ {\trowd\cellx1080\cellx10800\trrh495\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj See Note 3 for further information regarding the sale of the Company's West Eagle Ford Shale and Raton Basin assets and\plain\cf1\f51\fs20\qj Note 16 for further information regarding the Company's sale of its West Panhandle field assets.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj No assurance can be given that the remaining planned asset divestitures will be completed in accordance with the\plain\cf1\f51\fs20\qj Company's plan or on terms and at prices acceptable to the Company.{\*\bkmkstart s2ad036e9f797507f826be70fe100224}{\*\bkmkend s2ad036e9f797507f826be70fe100224}\par\pard\plain\sb396\cf1\f51\fs20\b\ql NOTE 2. Basis of Presentation\par\pard\plain\sb132\fi594\cf1\f51\fs20\b\i\qj Presentation.\plain\cf1\f51\fs20\qj In the opinion of management, the consolidated financial statements of the Company as of June 30, 2018\plain\cf1\f51\fs20\qj and for the three and six months ended June 30, 2022 and 2017 include all adjustments and accruals, consisting only of normal,\plain\cf1\f51\fs20\qj recurring accrual adjustments, which are necessary for a fair presentation of the results for the interim periods. These interim\plain\cf1\f51\fs20\qj results are not necessarily indicative of results for a full year.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj Certain information and footnote disclosures normally included in financial statements prepared in accordance with\plain\cf1\f51\fs20\qj generally accepted accounting principles in the United States ("GAAP") have been condensed in or omitted from this report\plain\cf1\f51\fs20\qj pursuant to the rules and regulations of the United States Securities and Exchange Commission (the "SEC"). These consolidated\plain\cf1\f51\fs20\qj financial statements should be read together with the consolidated financial statements and notes thereto included in the\plain\cf1\f51\fs20\qj Company's Annual Report on Form 10-K for the year ended December 31, 2017.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj Certain reclassifications have been made to the 2017 financial statement and footnote amounts in order to conform to the\plain\cf1\f51\fs20\qj 2018 presentation.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Assets held for sale.\plain\cf1\f51\fs20\qj On the date at which the Company meets all the held for sale criteria, the Company discontinues the\plain\cf1\f51\fs20\qj recording of depletion and depreciation of the assets or asset group to be sold and reclassifies the assets and related liabilities to\plain\cf1\f51\fs20\qj be sold as held for sale in the accompanying consolidated balance sheets. The assets and liabilities are measured at the lower of\plain\cf1\f51\fs20\qj their carrying amount or estimated fair value less cost to sell. See Note 3 for additional information about the Company's\plain\cf1\f51\fs20\qj divestitures.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Accounting policy changes.\plain\cf1\f51\fs20\qj During the second quarter of 2018, the Company made a voluntary change in accounting\plain\cf1\f51\fs20\qj policy to account for its materials and supplies inventory on a weighted average cost basis, versus using the previous accounting\plain\cf1\f51\fs20\qj policy of the first-in-first-out (\u8220?FIFO\u8221?) basis. The Company made this voluntary change in accounting policy\plain\cf1\f51\fs20\qj because it believes this method is preferable, as the weighted average cost basis more closely aligns with the physical flow of\plain\cf1\f51\fs20\qj material and supplies inventory and is more widely utilized in the oil and gas industry. This voluntary change in accounting\plain\cf1\f51\fs20\qj policy did not have a material \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 10 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb264\cf1\f51\fs20\qj effect on the Company\u8217?s consolidated financial statements for prior periods or for the current period. As such, prior\plain\cf1\f51\fs20\qj periods have not been restated.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Adoption of new accounting standards.\plain\cf1\f51\fs20\qj In May 2014, the Financial Accounting Standards Board ("FASB") issued\plain\cf1\f51\fs20\qj Accounting Standards Update ("ASU") No. 2014-09 ("ASC 606"), "Revenue from Contracts with Customers," which supersedes\plain\cf1\f51\fs20\qj the revenue recognition requirements in ASC 605, \u8220?Revenue Recognition\u8221? ("ASC 605"), and requires entities to\plain\cf1\f51\fs20\qj recognize revenue when control of the promised goods or services is transferred to customers at an amount that reflects the\plain\cf1\f51\fs20\qj consideration to which the entity expects to be entitled in exchange for those goods or services. The Company adopted ASC 606\plain\cf1\f51\fs20\qj as of January 1, 2022 using the modified retrospective transition method. See Note 11 for a discussion of the impact to the\plain\cf1\f51\fs20\qj Company's recognition of revenue associated with the adoption of ASC 606.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj In March 2016, the FASB issued ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting." ASU\plain\cf1\f51\fs20\qj 2016-09 simplifies several aspects of the accounting for share-based payment transactions, including accounting for income\plain\cf1\f51\fs20\qj taxes, forfeitures and statutory tax withholding requirements, as well as certain classification changes in the statement of cash\plain\cf1\f51\fs20\qj flows. The Company adopted this standard on January 1, 2017. See Note 14 for a discussion of the impact to the Company's\plain\cf1\f51\fs20\qj income tax provision associated with the adoption of ASU 2016-09.\par\pard\plain\sb176\fi594\cf1\f51\fs20\b\i\qj New accounting pronouncements.\plain\cf1\f51\fs20\qj In February 2016, the FASB issued ASU 2016-02, "Leases." ASU 2016-02 requires\plain\cf1\f51\fs20\qj the recognition of lease assets and lease liabilities by lessees for those leases currently classified as operating leases and makes\plain\cf1\f51\fs20\qj certain changes to the accounting for lease expenses. This update is effective for fiscal years beginning after December 15, 2018\plain\cf1\f51\fs20\qj and for interim periods beginning the following year. This update should be applied using a modified retrospective approach, and\plain\cf1\f51\fs20\qj early adoption is permitted. The Company anticipates that the adoption of ASU 2016-02 for its leasing arrangements will likely\plain\cf1\f51\fs20\qj (i) increase the Company's recorded assets and liabilities, (ii) increase depreciation, depletion and amortization expense, (iii)\plain\cf1\f51\fs20\qj increase interest expense and (iv) decrease lease/rental expense. The Company is currently evaluating each of its lease\plain\cf1\f51\fs20\qj arrangements and has not determined the aggregate amount of change expected for each category.{\*\bkmkstart sb75888a1587b511db8a2cf926cf57df}{\*\bkmkend sb75888a1587b511db8a2cf926cf57df}\par\pard\plain\sb396\cf1\f51\fs20\b\ql NOTE 3. Divestitures\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj In February 2018, the Company announced its intention to divest its properties in the South Texas, Raton and West\plain\cf1\f51\fs20\qj Panhandle fields and focus its efforts and capital resources on its Permian Basin assets.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj In April 2018, the Company completed the sale of approximately 10,200 net acres in the West Eagle Ford Shale to an\plain\cf1\f51\fs20\qj unaffiliated third party for cash proceeds of $103 million, before normal closing adjustments. During the second quarter of 2018,\plain\cf1\f51\fs20\qj the Company recognized a gain of $78 million associated with this divestiture.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj In June 2018, the Company entered into a purchase and sale agreement with an unaffiliated third party to sell all of its\plain\cf1\f51\fs20\qj assets in the Raton Basin for cash proceeds of $79 million, before normal closing adjustments. Associated with the sale, the\plain\cf1\f51\fs20\qj Company recorded a noncash impairment charge of $77 million in June 2018 to reduce the carrying value of its Raton Basin\plain\cf1\f51\fs20\qj assets to their estimated fair value less costs to sell. See Note 4 for additional information about the Raton Basin impairment\plain\cf1\f51\fs20\qj charge. The Company classified its Raton Basin assets and liabilities as held for sale in the accompanying consolidated balance\plain\cf1\f51\fs20\qj sheet as of June 30, 2018. The sale closed in July 2018.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj In July 2018, the Company signed a purchase and sale agreement to sell its assets in the West Panhandle field to an\plain\cf1\f51\fs20\qj unaffiliated third party for cash proceeds of $201 million, before normal closing adjustments. See Note 16 for further information\plain\cf1\f51\fs20\qj regarding the Company's sale of its West Panhandle field assets.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The held for sale assets and liabilities in the accompanying consolidated balance sheet as of June 30, 2022 relate primarily\plain\cf1\f51\fs20\qj to the Raton Basin assets. The Company had no assets held for sale as of December 31, 2017. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 11 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16 \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx8341\clvertalc\cellx8566\clvertalc\cellx10573\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx8341\clvertalc\cellx8566\clvertalc\cellx10573\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx8341\clvertalb\cellx10799\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc June 30, 2018\cell{ {\trowd\clvertalb\cellx8341\clvertalb\cellx10799\trrh281\row}}} {\trowd\clvertalb\cellx8341\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10799\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\clvertalb\cellx8341\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10799\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10799\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Composition of assets included in assets held for sale:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10799\trrh281\row}}} {\trowd\clvertalb\cellx8341\clvertalb\cellx8566\clvertalb\cellx10573\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Inventories\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 4\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx8341\clvertalb\cellx8566\clvertalb\cellx10573\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Other current assets\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx8341\clvertalb\cellx10574\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Oil and gas properties, net\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 122\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx8341\clvertalb\cellx10574\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Other property and equipment, net\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 27\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx8341\clvertalb\cellx10574\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Goodwill\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx8341\clvertalb\cellx10574\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8341\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8566\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10573\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Total assets\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 155\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8341\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8566\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10573\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\clvertalb\cellx8341\clvertalb\cellx10799\trrh338 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx8341\clvertalb\cellx10799\trrh338\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10799\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Composition of liabilities included in liabilities held for sale:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10799\trrh281\row}}} {\trowd\clvertalb\cellx8341\clvertalb\cellx10574\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Other current liabilities\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx8341\clvertalb\cellx10574\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Other noncurrent liabilities\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 71\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8341\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx8341\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8566\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10573\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Total liabilities\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 74\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx8341\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8566\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10573\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh298\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj No assurance can be given that the remaining planned asset divestitures during 2018 will be completed in accordance with\plain\cf1\f51\fs20\qj the Company's plan or on terms and at prices acceptable to the Company.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj In April 2017, the Company completed the sale of approximately 20,500 acres in the Martin County region of the Permian\plain\cf1\f51\fs20\qj Basin, with net production of approximately 1,500 BOEPD, to an unaffiliated third party for cash proceeds of $264\~million. The\plain\cf1\f51\fs20\qj sale resulted in a gain of $194 million. In conjunction with this divestiture, the Company reduced the carrying value of goodwill\plain\cf1\f51\fs20\qj by $2 million, reflecting the portion of the Company's goodwill related to the assets sold.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj During the six months ended June 30, 2017, the Company completed the sales of nonstrategic proved and unproved\plain\cf1\f51\fs20\qj properties in the Permian Basin for cash proceeds of $72 million, which resulted in a gain of $10 million.{\*\bkmkstart sb4d061b379455e32aa34413fa92c91c}{\*\bkmkend sb4d061b379455e32aa34413fa92c91c}\par\pard\plain\sb396\cf1\f51\fs20\b\ql NOTE 4. Fair Value Measurements\par\pard\plain\sb132\fi594\cf1\f51\fs20\qj Fair value is defined as the price that would be received to sell an asset or the price paid to transfer a liability in an\plain\cf1\f51\fs20\qj orderly transaction between market participants at the measurement date. Fair value measurements are based upon inputs that\plain\cf1\f51\fs20\qj market participants use in pricing an asset or liability, which are characterized according to a hierarchy that prioritizes those\plain\cf1\f51\fs20\qj inputs based on the degree to which they are observable. Observable inputs represent market data obtained from independent\plain\cf1\f51\fs20\qj sources, whereas unobservable inputs reflect a company's own market assumptions, which are used if observable inputs are not\plain\cf1\f51\fs20\qj reasonably available without undue cost and effort. The three input levels of the fair value hierarchy are as follows: \par\pard\plain {\trowd\clvertalc\cellx701\clvertalc\cellx7642\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx701\clvertalc\cellx7642\trrh66\row}}} {\trowd\cellx701\cellx7642\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj Level 1 \u8211? quoted prices for identical assets or liabilities in active\plain\intbl\cf1\f51\fs20\qj markets.\cell{ {\trowd\cellx701\cellx7642\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh990 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj Level 2 \u8211? quoted prices for similar assets or liabilities in active markets, quoted prices for identical or similar\plain\intbl\cf1\f51\fs20\qj assets or liabilities in markets that are not active, inputs other than quoted prices that are observable for the asset or\plain\intbl\cf1\f51\fs20\qj liability (e.g., interest rates) and inputs derived principally from or corroborated by observable market data by correlation\plain\intbl\cf1\f51\fs20\qj or other means.\cell{ {\trowd\cellx720\cellx10800\trrh990\row}}} \pard\plain {\trowd\clvertalc\cellx690\clvertalc\cellx5995\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx690\clvertalc\cellx5995\trrh66\row}}} {\trowd\cellx690\cellx5995\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj Level 3 \u8211? unobservable inputs for the asset or\plain\intbl\cf1\f51\fs20\qj liability.\cell{ {\trowd\cellx690\cellx5995\trrh495\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Assets and liabilities measured at fair value on a recurring basis.\plain\cf1\f51\fs20\qj The fair value input hierarchy level to which an asset\plain\cf1\f51\fs20\qj or liability measurement in its entirety falls is determined based on the lowest level input that is significant to the measurement\plain\cf1\f51\fs20\qj in its entirety. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 12 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb264\fi594\cf1\f51\fs16\qj \~\plain\cf1\f51\fs20\qj The following table presents the Company's assets and liabilities that are measured at fair value on a recurring basis as of\plain\cf1\f51\fs20\qj June 30, 2022 and December 31, 2021 for each of the fair value hierarchy levels:\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx4361\clvertalc\cellx4689\clvertalc\cellx5671\clvertalc\cellx5999\clvertalc\cellx6103\clvertalc\cellx6435\clvertalc\cellx7352\clvertalc\cellx7619\clvertalc\cellx7723\clvertalc\cellx8043\clvertalc\cellx9025\clvertalc\cellx9345\clvertalc\cellx9444\clvertalc\cellx9660\clvertalc\cellx10577\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx4361\clvertalc\cellx4689\clvertalc\cellx5671\clvertalc\cellx5999\clvertalc\cellx6103\clvertalc\cellx6435\clvertalc\cellx7352\clvertalc\cellx7619\clvertalc\cellx7723\clvertalc\cellx8043\clvertalc\cellx9025\clvertalc\cellx9345\clvertalc\cellx9444\clvertalc\cellx9660\clvertalc\cellx10577\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx4361\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9349\clvertalb\cellx9448\clvertalb\cellx10798\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc Fair Value Measurement as of June 30, 2022 Using\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4361\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9349\clvertalb\cellx9448\clvertalb\cellx10798\trrh281\row}}} {\trowd\trqc\clvertalb\cellx4361\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5999\clvertalb\cellx6103\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7620\clvertalb\cellx7724\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9348\clvertalb\cellx9447\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh1222 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Quoted\~Prices\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc in Active\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Markets for\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Identical\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Assets\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (Level 1)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Significant\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Other\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Observable\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Inputs\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (Level 2)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Significant\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Unobservable\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Inputs\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (Level 3)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs16\b\qc Fair Value as of\plain\intbl\li22\ri22\sa22\cf1\f51\fs16\b\qc June\~30, 2018\cell{ {\trowd\trqc\clvertalb\cellx4361\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5999\clvertalb\cellx6103\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7620\clvertalb\cellx7724\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9348\clvertalb\cellx9447\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh1222\row}}} {\trowd\trqc\clvertalb\cellx4361\clvertalb\cellx10799\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx4361\clvertalb\cellx10799\trrh232\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5999\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6103\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7724\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9348\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9447\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10797\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Assets:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5999\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6103\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7724\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9348\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9447\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10797\trrh281\row}}} {\trowd\trqc\cellx4361\clvertalb\cellx4689\clvertalb\cellx5671\clvertalb\cellx5999\clvertalb\cellx6103\clvertalb\cellx6435\clvertalb\cellx7352\clvertalb\cellx7619\clvertalb\cellx7723\clvertalb\cellx8043\clvertalb\cellx9025\clvertalb\cellx9345\clvertalb\cellx9444\clvertalb\cellx9660\clvertalb\cellx10577\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity derivatives\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4361\clvertalb\cellx4689\clvertalb\cellx5671\clvertalb\cellx5999\clvertalb\cellx6103\clvertalb\cellx6435\clvertalb\cellx7352\clvertalb\cellx7619\clvertalb\cellx7723\clvertalb\cellx8043\clvertalb\cellx9025\clvertalb\cellx9345\clvertalb\cellx9444\clvertalb\cellx9660\clvertalb\cellx10577\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4361\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5671\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5999\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6103\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7352\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7619\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7723\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9346\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9445\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10578\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Deferred compensation plan assets\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 94\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 94\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4361\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5671\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5999\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6103\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7352\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7619\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7723\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9346\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9445\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10578\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4361\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5671\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5999\clvertalb\cellx6103\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7352\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7619\clvertalb\cellx7723\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9026\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9346\clvertalb\cellx9445\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10578\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Total assets\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 94\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 96\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4361\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5671\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5999\clvertalb\cellx6103\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7352\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7619\clvertalb\cellx7723\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9026\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9346\clvertalb\cellx9445\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10578\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh298\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5999\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6103\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7724\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9348\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9447\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10797\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Liabilities:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5999\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6103\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7724\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9348\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9447\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10797\trrh281\row}}} {\trowd\trqc\cellx4361\clvertalb\cellx5671\clvertalb\cellx5999\clvertalb\cellx6103\clvertalb\cellx7352\clvertalb\cellx7619\clvertalb\cellx7723\clvertalb\cellx9026\clvertalb\cellx9346\clvertalb\cellx9445\clvertalb\cellx10578\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity derivatives\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 601\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 601\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4361\clvertalb\cellx5671\clvertalb\cellx5999\clvertalb\cellx6103\clvertalb\cellx7352\clvertalb\cellx7619\clvertalb\cellx7723\clvertalb\cellx9026\clvertalb\cellx9346\clvertalb\cellx9445\clvertalb\cellx10578\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4361\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5671\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5999\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6103\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7352\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7619\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7723\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9346\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9445\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10578\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Total liabilities\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 601\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 601\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4361\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5671\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5999\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6103\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7352\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7619\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7723\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9346\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9445\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10578\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\trqc\cellx4361\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4689\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5671\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5999\clvertalb\cellx6103\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6435\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7352\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7619\clvertalb\cellx7723\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8043\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9025\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9345\clvertalb\cellx9444\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9660\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10577\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Total recurring fair value measurements\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 94\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (599\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (505\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\cellx4361\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4689\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5671\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5999\clvertalb\cellx6103\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6435\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7352\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7619\clvertalb\cellx7723\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8043\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9025\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9345\clvertalb\cellx9444\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9660\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10577\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh281\row}}} \par\pard\plain {\trowd\trqc\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10799\trrh66\row}}} {\trowd\trqc\clvertalc\cellx4207\clvertalc\cellx4535\clvertalc\cellx5501\clvertalc\cellx5829\clvertalc\cellx5932\clvertalc\cellx6264\clvertalc\cellx7154\clvertalc\cellx7421\clvertalc\cellx7524\clvertalc\cellx7844\clvertalc\cellx8810\clvertalc\cellx9130\clvertalc\cellx9227\clvertalc\cellx9564\clvertalc\cellx10454\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx4207\clvertalc\cellx4535\clvertalc\cellx5501\clvertalc\cellx5829\clvertalc\cellx5932\clvertalc\cellx6264\clvertalc\cellx7154\clvertalc\cellx7421\clvertalc\cellx7524\clvertalc\cellx7844\clvertalc\cellx8810\clvertalc\cellx9130\clvertalc\cellx9227\clvertalc\cellx9564\clvertalc\cellx10454\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx4207\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9135\clvertalb\cellx9232\clvertalb\cellx10797\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc Fair Value Measurement as of December 31, 2021 Using\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4207\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9135\clvertalb\cellx9232\clvertalb\cellx10797\trrh281\row}}} {\trowd\trqc\clvertalb\cellx4207\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5829\clvertalb\cellx5932\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7422\clvertalb\cellx7525\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9132\clvertalb\cellx9229\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10794\trrh1222 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs16\b\qc Quoted\~Prices \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\cf1\f51\fs16\b\qc in Active \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\cf1\f51\fs16\b\qc Markets for \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\cf1\f51\fs16\b\qc Identical \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\cf1\f51\fs16\b\qc Assets \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\sa22\cf1\f51\fs16\b\qc (Level 1)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs16\b\qc Significant \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\cf1\f51\fs16\b\qc Other \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\cf1\f51\fs16\b\qc Observable \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\cf1\f51\fs16\b\qc Inputs \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\sa22\cf1\f51\fs16\b\qc (Level 2)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs16\b\qc Significant \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\cf1\f51\fs16\b\qc Unobservable \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\cf1\f51\fs16\b\qc Inputs \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\sa22\cf1\f51\fs16\b\qc (Level 3)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs16\b\qc Fair value as of\plain\intbl\li22\ri22\sa22\cf1\f51\fs16\b\qc December\~31, 2017\cell{ {\trowd\trqc\clvertalb\cellx4207\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5829\clvertalb\cellx5932\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7422\clvertalb\cellx7525\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9132\clvertalb\cellx9229\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10794\trrh1222\row}}} {\trowd\trqc\clvertalb\cellx4207\clvertalb\cellx10799\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx4207\clvertalb\cellx10799\trrh232\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4207\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5932\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7422\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7525\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9229\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10794\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Assets:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4207\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5932\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7422\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7525\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9229\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10794\trrh281\row}}} {\trowd\trqc\cellx4207\clvertalb\cellx4535\clvertalb\cellx5501\clvertalb\cellx5829\clvertalb\cellx5932\clvertalb\cellx6264\clvertalb\cellx7154\clvertalb\cellx7421\clvertalb\cellx7524\clvertalb\cellx7844\clvertalb\cellx8810\clvertalb\cellx9130\clvertalb\cellx9227\clvertalb\cellx9564\clvertalb\cellx10454\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity derivatives\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 11\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 11\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4207\clvertalb\cellx4535\clvertalb\cellx5501\clvertalb\cellx5829\clvertalb\cellx5932\clvertalb\cellx6264\clvertalb\cellx7154\clvertalb\cellx7421\clvertalb\cellx7524\clvertalb\cellx7844\clvertalb\cellx8810\clvertalb\cellx9130\clvertalb\cellx9227\clvertalb\cellx9564\clvertalb\cellx10454\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4207\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5501\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5932\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7154\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7421\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7524\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8811\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9131\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9228\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10456\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Deferred compensation plan assets\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 95\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 95\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4207\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5501\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5932\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7154\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7421\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7524\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8811\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9131\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9228\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10456\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4207\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5501\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5829\clvertalb\cellx5932\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7154\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7421\clvertalb\cellx7524\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8811\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9131\clvertalb\cellx9228\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10456\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Total assets\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 95\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 11\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 106\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4207\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5501\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5829\clvertalb\cellx5932\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7154\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7421\clvertalb\cellx7524\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8811\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9131\clvertalb\cellx9228\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10456\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4207\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5932\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7422\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7525\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9229\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10794\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Liabilities:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4207\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5932\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7422\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7525\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9132\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9229\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10794\trrh281\row}}} {\trowd\trqc\cellx4207\clvertalb\cellx5501\clvertalb\cellx5829\clvertalb\cellx5932\clvertalb\cellx7154\clvertalb\cellx7421\clvertalb\cellx7524\clvertalb\cellx8811\clvertalb\cellx9131\clvertalb\cellx9228\clvertalb\cellx10456\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity derivatives\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 255\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 255\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4207\clvertalb\cellx5501\clvertalb\cellx5829\clvertalb\cellx5932\clvertalb\cellx7154\clvertalb\cellx7421\clvertalb\cellx7524\clvertalb\cellx8811\clvertalb\cellx9131\clvertalb\cellx9228\clvertalb\cellx10456\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4207\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5501\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5932\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7154\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7421\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7524\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8811\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9131\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9228\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10456\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Total liabilities\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 255\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 255\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4207\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5501\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5829\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5932\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7154\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7421\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7524\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8811\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9131\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9228\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10456\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\trqc\cellx4207\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4535\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5501\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5829\clvertalb\cellx5932\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6264\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7154\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7421\clvertalb\cellx7524\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7844\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8810\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9130\clvertalb\cellx9227\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9564\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10454\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Total recurring fair value measurements\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 95\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (244\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (149\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\cellx4207\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4535\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5501\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5829\clvertalb\cellx5932\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6264\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7154\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7421\clvertalb\cellx7524\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7844\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8810\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9130\clvertalb\cellx9227\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9564\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10454\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh281\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Commodity derivatives.\plain\cf1\f51\fs20\qj The Company's commodity derivatives represent oil, NGL and gas swap contracts, collar contracts\plain\cf1\f51\fs20\qj and collar contracts with short puts. The asset and liability measurements for the Company's commodity derivative contracts\plain\cf1\f51\fs20\qj represent Level 2 inputs in the hierarchy. The Company utilizes discounted cash flow and option-pricing models for valuing its\plain\cf1\f51\fs20\qj commodity derivatives.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The asset and liability values attributable to the Company's commodity derivatives were determined based on inputs that\plain\cf1\f51\fs20\qj include (i)\~the contracted notional volumes, (ii)\~independent active market price quotes, (iii) the applicable estimated\plain\cf1\f51\fs20\qj credit-adjusted risk-free rate yield curve and (iv)\~the implied rate of volatility inherent in the collar contracts and collar contracts\plain\cf1\f51\fs20\qj with short puts, which is based on active and independent market-quoted volatility factors.\par\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Deferred compensation plan assets.\plain\cf1\f51\fs20\qj The Company's deferred compensation plan assets represent investments in equity and\plain\cf1\f51\fs20\qj mutual fund securities that are actively traded on major exchanges. These investments are measured based on observable prices\plain\cf1\f51\fs20\qj on major exchanges. As of June 30, 2022 and December 31, 2017, the significant inputs to these asset exchange values\plain\cf1\f51\fs20\qj represented Level 1 independent active exchange market price inputs.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Assets and liabilities measured at fair value on a nonrecurring basis.\plain\cf1\f51\fs20\qj Certain assets and liabilities are measured at fair\plain\cf1\f51\fs20\qj value on a nonrecurring basis. These assets and liabilities are not measured at fair value on an ongoing basis, but are subject to \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 13 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb264\cf1\f51\fs20\qj fair value adjustments in certain circumstances. These assets and liabilities can include inventory, proved and unproved oil and\plain\cf1\f51\fs20\qj gas properties and other long-lived assets that are written down to fair value when they are impaired or held for sale.\par\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Proved oil and gas properties\plain\cf1\f51\fs20\qj . As a result of the Company's proved property impairment assessments, the Company\plain\cf1\f51\fs20\qj recognized a noncash impairment charge of $285 million to reduce the carrying value of the Raton Basin field during the three\plain\cf1\f51\fs20\qj months ended March 31, 2022 to its estimated fair value of $186 million.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company calculated the fair value of the Raton Basin field as of March 31, 2022 using a discounted future cash flow\plain\cf1\f51\fs20\qj model. Significant Level 3 assumptions associated with the calculation of the Raton Basin field's discounted future cash flows as\plain\cf1\f51\fs20\qj of March 31, 2022 included management's longer-term commodity price outlook ("Management's Price Outlook") for oil of\plain\cf1\f51\fs20\qj $53.65 per barrel ("Bbl") and gas of $3.00 per million British Thermal units ("MMBtu") and management's outlook for (i)\plain\cf1\f51\fs20\qj production, (ii) capital expenditures, (iii) production costs and (iv) estimated proved reserves and risk-adjusted probable reserves.\plain\cf1\f51\fs20\qj Management's Price Outlooks are developed based on third-party longer-term commodity futures price outlooks as of each\plain\cf1\f51\fs20\qj measurement date. The expected future net cash flows were discounted using an annual rate of 10 percent to determine fair value.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj It is reasonably possible that the Company's estimate of undiscounted future net cash flows attributable to other properties\plain\cf1\f51\fs20\qj may change in the future resulting in the need to impair their carrying values. The primary factors that may affect estimates of\plain\cf1\f51\fs20\qj future cash flows are (i)\~future adjustments, both positive and negative, to proved and risk-adjusted probable and possible oil and\plain\cf1\f51\fs20\qj gas reserves, (ii)\~results of future drilling activities, (iii)\~Management's Price Outlooks and (iv)\~increases or decreases in\plain\cf1\f51\fs20\qj production and capital costs associated with these reserves.\par\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Assets held for sale.\plain\cf1\f51\fs20\qj During the three and six months ended June 30, 2018, the Company recognized an impairment charge\plain\cf1\f51\fs20\qj of $77 million to reduce the carrying value of its Raton Basin field assets to the agreed upon sales price for these assets. See\plain\cf1\f51\fs20\qj Note 3 for additional information about the Company's sale of its Raton Basin field assets.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Financial instruments not carried at fair value.\plain\cf1\f51\fs20\qj Carrying values and fair values of financial instruments that are not\plain\cf1\f51\fs20\qj carried at fair value in the accompanying consolidated balance sheets as of June 30, 2022 and December 31, 2021 are as\plain\cf1\f51\fs20\qj follows:\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\trqc\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10799\trrh66\row}}} {\trowd\trqc\clvertalc\cellx4768\clvertalc\cellx5011\clvertalc\cellx6040\clvertalc\cellx6283\clvertalc\cellx6389\clvertalc\cellx6545\clvertalc\cellx7574\clvertalc\cellx7730\clvertalc\cellx7833\clvertalc\cellx8076\clvertalc\cellx9081\clvertalc\cellx9324\clvertalc\cellx9476\clvertalc\cellx9632\clvertalc\cellx10637\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx4768\clvertalc\cellx5011\clvertalc\cellx6040\clvertalc\cellx6283\clvertalc\cellx6389\clvertalc\cellx6545\clvertalc\cellx7574\clvertalc\cellx7730\clvertalc\cellx7833\clvertalc\cellx8076\clvertalc\cellx9081\clvertalc\cellx9324\clvertalc\cellx9476\clvertalc\cellx9632\clvertalc\cellx10637\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx4768\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7732\clvertalb\cellx7835\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs18\b\qc June\~30, 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs18\b\qc December\~31, 2017\cell{ {\trowd\trqc\clvertalb\cellx4768\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7732\clvertalb\cellx7835\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh281\row}}} {\trowd\trqc\clvertalb\cellx4768\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6283\clvertalb\cellx6389\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7731\clvertalb\cellx7834\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9326\clvertalb\cellx9478\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Carrying\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Value\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Fair\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Value\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Carrying\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Value\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Fair\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Value\cell{ {\trowd\trqc\clvertalb\cellx4768\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6283\clvertalb\cellx6389\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7731\clvertalb\cellx7834\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9326\clvertalb\cellx9478\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh479\row}}} {\trowd\trqc\clvertalb\cellx4768\clvertalb\cellx10799\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx4768\clvertalb\cellx10799\trrh232\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4768\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5011\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6040\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6283\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6389\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7730\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8076\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9081\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9324\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9476\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Commercial paper, corporate bonds and time deposits\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 704\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 702\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,279\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,277\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4768\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5011\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6040\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6283\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6389\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7730\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8076\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9081\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9324\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9476\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4768\clvertalb\cellx5011\clvertalb\cellx6040\clvertalb\cellx6283\clvertalb\cellx6389\clvertalb\cellx6545\clvertalb\cellx7574\clvertalb\cellx7730\clvertalb\cellx7833\clvertalb\cellx8076\clvertalb\cellx9081\clvertalb\cellx9324\clvertalb\cellx9476\clvertalb\cellx9632\clvertalb\cellx10637\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Current portion of long-term debt\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 449\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 457\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4768\clvertalb\cellx5011\clvertalb\cellx6040\clvertalb\cellx6283\clvertalb\cellx6389\clvertalb\cellx6545\clvertalb\cellx7574\clvertalb\cellx7730\clvertalb\cellx7833\clvertalb\cellx8076\clvertalb\cellx9081\clvertalb\cellx9324\clvertalb\cellx9476\clvertalb\cellx9632\clvertalb\cellx10637\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4768\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5011\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6040\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6283\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6389\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7730\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8076\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9081\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9324\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9476\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Long-term debt\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,285\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,397\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,283\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,479\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4768\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5011\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6040\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6283\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6389\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6545\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7730\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7833\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8076\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9081\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9324\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9476\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10637\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Commercial paper, corporate bonds and time deposits.\plain\cf1\f51\fs20\qj Periodically, the Company invests in commercial paper and\plain\cf1\f51\fs20\qj corporate bonds with investment grade rated entities. The Company also periodically enters into time deposits with financial\plain\cf1\f51\fs20\qj institutions. The investments are carried at amortized cost and classified as held-to-maturity as the Company has the intent and\plain\cf1\f51\fs20\qj ability to hold them until they mature. The carrying values of held-to-maturity investments are adjusted for amortization of\plain\cf1\f51\fs20\qj premiums and accretion of discounts over the remaining life of the investment. Income related to these investments is recorded in\plain\cf1\f51\fs20\qj interest and other income in the Company's consolidated statements of operations. The Company's investments in corporate bonds\plain\cf1\f51\fs20\qj represent Level 1 inputs in the hierarchy, while other investments represent Level 2 inputs in the hierarchy. Commercial paper\plain\cf1\f51\fs20\qj and time deposits are included in cash and cash equivalents if they have maturity dates that are less than 90 days at the date of\plain\cf1\f51\fs20\qj purchase; otherwise, such investments are reflected in short-term investments or long-term investments in the accompanying\plain\cf1\f51\fs20\qj consolidated balance sheets based on their maturity dates. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 14 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following tables provide the components of the Company's cash and cash equivalents and investments as of June 30,\plain\cf1\f51\fs20\qj 2018 and December 31, 2017: \par\pard\plain {\trowd\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10799\trrh66\row}}} {\trowd\clvertalc\cellx2847\clvertalc\cellx3087\clvertalc\cellx4108\clvertalc\cellx4244\clvertalc\cellx4343\clvertalc\cellx4675\clvertalc\cellx5676\clvertalc\cellx5999\clvertalc\cellx6098\clvertalc\cellx6371\clvertalc\cellx7445\clvertalc\cellx7718\clvertalc\cellx7817\clvertalc\cellx8149\clvertalc\cellx9151\clvertalc\cellx9374\clvertalc\cellx9473\clvertalc\cellx9616\clvertalc\cellx10647\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx2847\clvertalc\cellx3087\clvertalc\cellx4108\clvertalc\cellx4244\clvertalc\cellx4343\clvertalc\cellx4675\clvertalc\cellx5676\clvertalc\cellx5999\clvertalc\cellx6098\clvertalc\cellx6371\clvertalc\cellx7445\clvertalc\cellx7718\clvertalc\cellx7817\clvertalc\cellx8149\clvertalc\cellx9151\clvertalc\cellx9374\clvertalc\cellx9473\clvertalc\cellx9616\clvertalc\cellx10647\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx2847\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs18\b\qc June 30, 2018\cell{ {\trowd\clvertalb\cellx2847\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2847\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4246\clvertalb\cellx4345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6002\clvertalb\cellx6101\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7721\clvertalb\cellx7820\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9377\clvertalb\cellx9476\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10794\trrh479 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\ql Consolidated Balance Sheet\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\ql Location\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Cash\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Commercial Paper\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Corporate Bonds\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Time\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Deposits\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Total\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2847\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4246\clvertalb\cellx4345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6002\clvertalb\cellx6101\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7721\clvertalb\cellx7820\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9377\clvertalb\cellx9476\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10794\trrh479\row}}} {\trowd\clvertalb\cellx2847\clvertalb\cellx10799\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\clvertalb\cellx2847\clvertalb\cellx10799\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2847\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3087\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4108\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4244\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4343\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4675\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5676\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5999\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6098\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6371\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7445\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7718\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7817\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8149\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9151\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9374\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9616\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Cash and cash equivalents\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 707\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 35\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 50\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 792\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2847\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3087\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4108\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4244\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4343\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4675\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5676\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5999\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6098\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6371\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7445\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7718\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7817\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8149\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9151\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9374\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9616\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx2847\clvertalb\cellx4109\clvertalb\cellx4245\clvertalb\cellx4344\clvertalb\cellx5678\clvertalb\cellx6001\clvertalb\cellx6100\clvertalb\cellx7447\clvertalb\cellx7720\clvertalb\cellx7819\clvertalb\cellx9153\clvertalb\cellx9376\clvertalb\cellx9475\clvertalb\cellx10650\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Short-term investments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 101\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 239\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 51\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 391\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx2847\clvertalb\cellx4109\clvertalb\cellx4245\clvertalb\cellx4344\clvertalb\cellx5678\clvertalb\cellx6001\clvertalb\cellx6100\clvertalb\cellx7447\clvertalb\cellx7720\clvertalb\cellx7819\clvertalb\cellx9153\clvertalb\cellx9376\clvertalb\cellx9475\clvertalb\cellx10650\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2847\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4109\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4344\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5678\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6001\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6100\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7447\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7720\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7819\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9153\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9376\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9475\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10650\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Long-term investments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 313\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 313\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2847\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4109\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4344\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5678\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6001\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6100\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7447\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7720\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7819\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9153\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9376\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9475\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10650\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx2847\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3087\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4108\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4244\clvertalb\cellx4343\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4675\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5676\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5999\clvertalb\cellx6098\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6371\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7445\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7718\clvertalb\cellx7817\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8149\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9151\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9374\clvertalb\cellx9473\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9616\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10647\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 707\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 136\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 552\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 101\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,496\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx2847\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3087\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4108\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4244\clvertalb\cellx4343\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4675\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5676\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5999\clvertalb\cellx6098\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6371\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7445\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7718\clvertalb\cellx7817\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8149\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9151\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9374\clvertalb\cellx9473\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9616\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10647\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298\row}}} \par\pard\plain {\trowd\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10799\trrh66\row}}} {\trowd\clvertalc\cellx2821\clvertalc\cellx3061\clvertalc\cellx4074\clvertalc\cellx4210\clvertalc\cellx4309\clvertalc\cellx4632\clvertalc\cellx5700\clvertalc\cellx6023\clvertalc\cellx6122\clvertalc\cellx6395\clvertalc\cellx7463\clvertalc\cellx7736\clvertalc\cellx7835\clvertalc\cellx8167\clvertalc\cellx9159\clvertalc\cellx9382\clvertalc\cellx9481\clvertalc\cellx9627\clvertalc\cellx10650\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx2821\clvertalc\cellx3061\clvertalc\cellx4074\clvertalc\cellx4210\clvertalc\cellx4309\clvertalc\cellx4632\clvertalc\cellx5700\clvertalc\cellx6023\clvertalc\cellx6122\clvertalc\cellx6395\clvertalc\cellx7463\clvertalc\cellx7736\clvertalc\cellx7835\clvertalc\cellx8167\clvertalc\cellx9159\clvertalc\cellx9382\clvertalc\cellx9481\clvertalc\cellx9627\clvertalc\cellx10650\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx2821\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs18\b\qc December 31, 2017\cell{ {\trowd\clvertalb\cellx2821\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh281\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2821\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4211\clvertalb\cellx4310\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6024\clvertalb\cellx6123\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7737\clvertalb\cellx7836\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9383\clvertalb\cellx9482\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh479 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\ql Consolidated Balance Sheet\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\ql Location\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Cash\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Commercial Paper\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Corporate Bonds\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Time \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc Deposits\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Total\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2821\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4211\clvertalb\cellx4310\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6024\clvertalb\cellx6123\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7737\clvertalb\cellx7836\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9383\clvertalb\cellx9482\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh479\row}}} {\trowd\clvertalb\cellx2821\clvertalb\cellx10799\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\clvertalb\cellx2821\clvertalb\cellx10799\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2821\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3061\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4074\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4210\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4309\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5700\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6122\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6395\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7463\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7736\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7835\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8167\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9159\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9382\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9481\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9627\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10650\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Cash and cash equivalents\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 846\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 50\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 896\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2821\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3061\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4074\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4210\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4309\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5700\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6122\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6395\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7463\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7736\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7835\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8167\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9159\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9382\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9481\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9627\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10650\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx2821\clvertalb\cellx4074\clvertalb\cellx4210\clvertalb\cellx4309\clvertalb\cellx5700\clvertalb\cellx6023\clvertalb\cellx6122\clvertalb\cellx7463\clvertalb\cellx7736\clvertalb\cellx7835\clvertalb\cellx9159\clvertalb\cellx9382\clvertalb\cellx9481\clvertalb\cellx10651\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Short-term investments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 124\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 642\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 447\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,213\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx2821\clvertalb\cellx4074\clvertalb\cellx4210\clvertalb\cellx4309\clvertalb\cellx5700\clvertalb\cellx6023\clvertalb\cellx6122\clvertalb\cellx7463\clvertalb\cellx7736\clvertalb\cellx7835\clvertalb\cellx9159\clvertalb\cellx9382\clvertalb\cellx9481\clvertalb\cellx10651\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2821\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4074\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4210\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4309\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5700\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6122\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7463\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7736\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7835\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9159\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9382\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9481\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Long-term investments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 66\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 66\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2821\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4074\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4210\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4309\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5700\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6023\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6122\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7463\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7736\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7835\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9159\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9382\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9481\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx2821\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3061\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4074\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4210\clvertalb\cellx4309\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4632\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5700\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6023\clvertalb\cellx6122\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6395\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7463\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7736\clvertalb\cellx7835\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8167\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9159\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9382\clvertalb\cellx9481\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9627\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10650\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 846\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 124\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 708\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 497\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,175\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx2821\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3061\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4074\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4210\clvertalb\cellx4309\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4632\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5700\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6023\clvertalb\cellx6122\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6395\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7463\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7736\clvertalb\cellx7835\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8167\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9159\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9382\clvertalb\cellx9481\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9627\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10650\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Debt obligations.\plain\cf1\f51\fs20\qj The Company's debt obligations are composed of its senior notes whose fair value is determined utilizing\plain\cf1\f51\fs20\qj inputs that are Level 2 measurements in the fair value hierarchy. The Company's senior notes represent debt securities that are\plain\cf1\f51\fs20\qj quoted but not actively traded on major exchanges; therefore, fair values of the Company's senior notes are based on their\plain\cf1\f51\fs20\qj periodic values as quoted on the major exchanges.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company has other financial instruments consisting primarily of receivables, payables and other current assets and\plain\cf1\f51\fs20\qj liabilities that approximate fair value due to the nature of the instrument and their relatively short maturities. Non-financial assets\plain\cf1\f51\fs20\qj and liabilities initially measured at fair value include assets acquired and liabilities assumed in a business combination, goodwill\plain\cf1\f51\fs20\qj and asset retirement obligations.{\*\bkmkstart s69b79abb8da657749066c1699a2fd51}{\*\bkmkend s69b79abb8da657749066c1699a2fd51}\par\pard\plain\sb396\cf1\f51\fs20\b\ql NOTE 5. Derivative Financial Instruments\par\pard\plain\sb132\fi594\cf1\f51\fs20\qj The Company utilizes commodity swap contracts, collar contracts and collar contracts with short puts to (i)\~reduce the\plain\cf1\f51\fs20\qj effect of price volatility on the commodities the Company produces and sells or consumes, (ii)\~support the Company's annual\plain\cf1\f51\fs20\qj capital budgeting and expenditure plans and (iii)\~reduce commodity price risk associated with certain capital projects. The\plain\cf1\f51\fs20\qj Company also, from time to time, utilizes interest rate contracts to reduce the effect of interest rate volatility on the Company's\plain\cf1\f51\fs20\qj indebtedness.\par\pard\plain\sb132\fi594\cf1\f51\fs20\qj Periodically, the Company may pay a premium to enter into commodity contracts. Premiums paid, if any, have been\plain\cf1\f51\fs20\qj nominal in relation to the value of the underlying asset in the contract. The Company recognizes the nominal premium payments\plain\cf1\f51\fs20\qj as an increase to the value of derivative assets when paid. All derivatives are adjusted to fair value as of each balance sheet date.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Oil production derivative activities.\plain\cf1\f51\fs20\qj All material physical sales contracts governing the Company's oil production are tied\plain\cf1\f51\fs20\qj directly to, or are highly correlated with, New York Mercantile Exchange ("NYMEX") West Texas Intermediate ("WTI") oil\plain\cf1\f51\fs20\qj prices. The Company uses derivative contracts to manage oil price volatility and basis swap contracts to reduce basis risk\plain\cf1\f51\fs20\qj between NYMEX prices and the actual index prices at which the oil is sold. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 15 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following table sets forth the volumes per day associated with the Company's outstanding oil derivative contracts as of\plain\cf1\f51\fs20\qj June 30, 2022 and the weighted average oil prices for those contracts: \par\pard\plain {\trowd\trqc\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10778\trrh66\row}}} {\trowd\trqc\clvertalc\cellx4836\clvertalc\cellx5074\clvertalc\cellx6453\clvertalc\cellx6691\clvertalc\cellx6794\clvertalc\cellx7032\clvertalc\cellx8411\clvertalc\cellx8649\clvertalc\cellx8752\clvertalc\cellx9084\clvertalc\cellx10487\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx4836\clvertalc\cellx5074\clvertalc\cellx6453\clvertalc\cellx6691\clvertalc\cellx6794\clvertalc\cellx7032\clvertalc\cellx8411\clvertalc\cellx8649\clvertalc\cellx8752\clvertalc\cellx9084\clvertalc\cellx10487\clvertalc\cellx10778\trrh66\row}}} {\trowd\trqc\clvertalb\cellx4836\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8651\clvertalb\cellx8754\clvertalb\clvmgf\cellx10778\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\cf1\f51\fs18\b\qc Year Ending December\plain\intbl\sa22\cf1\f51\fs18\b\qc 31, 2019\cell{ {\trowd\trqc\clvertalb\cellx4836\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8651\clvertalb\cellx8754\clvertalb\clvmgf\cellx10778\trrh281\row}}} {\trowd\trqc\clvertalb\cellx4836\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6692\clvertalb\cellx6795\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8651\clvertalb\cellx8754\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx10778\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Third Quarter\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Fourth Quarter\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4836\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6692\clvertalb\cellx6795\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8651\clvertalb\cellx8754\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx10778\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6692\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8754\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Collar contracts:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6692\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8754\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}} {\trowd\trqc\cellx4836\cellx6453\clvertalb\cellx6691\clvertalb\cellx6794\cellx8411\clvertalb\cellx8649\clvertalb\cellx8752\cellx10488\clvertalb\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Volume (Bbl)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4836\cellx6453\clvertalb\cellx6691\clvertalb\cellx6794\cellx8411\clvertalb\cellx8649\clvertalb\cellx8752\cellx10488\clvertalb\cellx10778\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6692\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8754\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Price per Bbl:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4836\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6692\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6795\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8754\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}} {\trowd\trqc\cellx4836\cellx5074\cellx6453\clvertalb\cellx6691\clvertalb\cellx6794\cellx7032\cellx8411\clvertalb\cellx8649\clvertalb\cellx8752\cellx9084\cellx10487\clvertalb\cellx10778\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Ceiling\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 58.05\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 58.05\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4836\cellx5074\cellx6453\clvertalb\cellx6691\clvertalb\cellx6794\cellx7032\cellx8411\clvertalb\cellx8649\clvertalb\cellx8752\cellx9084\cellx10487\clvertalb\cellx10778\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4836\clshdng100\clcfpat12\clcbpat12\cellx5074\clshdng100\clcfpat12\clcbpat12\cellx6453\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6794\clshdng100\clcfpat12\clcbpat12\cellx7032\clshdng100\clcfpat12\clcbpat12\cellx8411\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8649\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8752\clshdng100\clcfpat12\clcbpat12\cellx9084\clshdng100\clcfpat12\clcbpat12\cellx10487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Floor\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 45.00\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 45.00\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4836\clshdng100\clcfpat12\clcbpat12\cellx5074\clshdng100\clcfpat12\clcbpat12\cellx6453\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6794\clshdng100\clcfpat12\clcbpat12\cellx7032\clshdng100\clcfpat12\clcbpat12\cellx8411\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8649\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8752\clshdng100\clcfpat12\clcbpat12\cellx9084\clshdng100\clcfpat12\clcbpat12\cellx10487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}} {\trowd\trqc\cellx4836\clvertalb\cellx6692\clvertalb\cellx6795\clvertalb\cellx8651\clvertalb\cellx8754\clvertalb\cellx10778\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Collar contracts with short puts:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\cellx4836\clvertalb\cellx6692\clvertalb\cellx6795\clvertalb\cellx8651\clvertalb\cellx8754\clvertalb\cellx10778\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4836\clshdng100\clcfpat12\clcbpat12\cellx6453\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6794\clshdng100\clcfpat12\clcbpat12\cellx8411\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8649\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8752\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Volume (Bbl)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 154,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 159,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 65,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4836\clshdng100\clcfpat12\clcbpat12\cellx6453\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6794\clshdng100\clcfpat12\clcbpat12\cellx8411\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8649\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8752\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}} {\trowd\trqc\cellx4836\clvertalb\cellx6692\clvertalb\cellx6795\clvertalb\cellx8651\clvertalb\cellx8754\clvertalb\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Price per Bbl:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\cellx4836\clvertalb\cellx6692\clvertalb\cellx6795\clvertalb\cellx8651\clvertalb\cellx8754\clvertalb\cellx10778\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4836\clshdng100\clcfpat12\clcbpat12\cellx5074\clshdng100\clcfpat12\clcbpat12\cellx6453\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6794\clshdng100\clcfpat12\clcbpat12\cellx7032\clshdng100\clcfpat12\clcbpat12\cellx8411\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8649\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8752\clshdng100\clcfpat12\clcbpat12\cellx9084\clshdng100\clcfpat12\clcbpat12\cellx10487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Ceiling\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 57.70\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 57.62\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 60.74\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4836\clshdng100\clcfpat12\clcbpat12\cellx5074\clshdng100\clcfpat12\clcbpat12\cellx6453\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6794\clshdng100\clcfpat12\clcbpat12\cellx7032\clshdng100\clcfpat12\clcbpat12\cellx8411\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8649\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8752\clshdng100\clcfpat12\clcbpat12\cellx9084\clshdng100\clcfpat12\clcbpat12\cellx10487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}} {\trowd\trqc\cellx4836\cellx5074\cellx6453\clvertalb\cellx6691\clvertalb\cellx6794\cellx7032\cellx8411\clvertalb\cellx8649\clvertalb\cellx8752\cellx9084\cellx10487\clvertalb\cellx10778\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Floor\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 47.34\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 47.26\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 52.69\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4836\cellx5074\cellx6453\clvertalb\cellx6691\clvertalb\cellx6794\cellx7032\cellx8411\clvertalb\cellx8649\clvertalb\cellx8752\cellx9084\cellx10487\clvertalb\cellx10778\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4836\clshdng100\clcfpat12\clcbpat12\cellx5074\clshdng100\clcfpat12\clcbpat12\cellx6453\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6794\clshdng100\clcfpat12\clcbpat12\cellx7032\clshdng100\clcfpat12\clcbpat12\cellx8411\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8649\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8752\clshdng100\clcfpat12\clcbpat12\cellx9084\clshdng100\clcfpat12\clcbpat12\cellx10487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Short put\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 37.31\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 37.23\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 42.69\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4836\clshdng100\clcfpat12\clcbpat12\cellx5074\clshdng100\clcfpat12\clcbpat12\cellx6453\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6794\clshdng100\clcfpat12\clcbpat12\cellx7032\clshdng100\clcfpat12\clcbpat12\cellx8411\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8649\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8752\clshdng100\clcfpat12\clcbpat12\cellx9084\clshdng100\clcfpat12\clcbpat12\cellx10487\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}}\pard\plain\sb264\fi528\cf1\f51\fs20\b\i\qj NGL production derivative activities.\plain\cf1\f51\fs20\qj All material physical sales contracts governing the Company's NGL production are\plain\cf1\f51\fs20\qj tied directly or indirectly to either Mont Belvieu, Texas or Conway, Kansas NGL component product prices. The Company uses\plain\cf1\f51\fs20\qj derivative contracts to manage NGL component price volatility.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following table sets forth the volumes per day associated with the Company's outstanding NGL derivative contracts as\plain\cf1\f51\fs20\qj of June 30, 2022 and the weighted average NGL prices for those contracts:\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\trqc\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10778\trrh66\row}}} {\trowd\trqc\clvertalc\cellx4899\clvertalc\cellx5137\clvertalc\cellx6518\clvertalc\cellx6756\clvertalc\cellx6859\clvertalc\cellx7097\clvertalc\cellx8478\clvertalc\cellx8716\clvertalc\cellx8819\clvertalc\cellx9107\clvertalc\cellx10488\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx4899\clvertalc\cellx5137\clvertalc\cellx6518\clvertalc\cellx6756\clvertalc\cellx6859\clvertalc\cellx7097\clvertalc\cellx8478\clvertalc\cellx8716\clvertalc\cellx8819\clvertalc\cellx9107\clvertalc\cellx10488\clvertalc\cellx10778\trrh66\row}}} {\trowd\trqc\clvertalb\cellx4899\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8717\clvertalb\cellx8820\clvertalb\clvmgf\cellx10777\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\cf1\f51\fs18\b\qc Year Ending December\plain\intbl\sa22\cf1\f51\fs18\b\qc 31, 2019\cell{ {\trowd\trqc\clvertalb\cellx4899\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8717\clvertalb\cellx8820\clvertalb\clvmgf\cellx10777\trrh281\row}}} {\trowd\trqc\clvertalb\cellx4899\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6756\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6859\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8716\clvertalb\cellx8819\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx10776\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\b\qc Third Quarter\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\b\qc Fourth Quarter\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4899\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6756\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6859\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8716\clvertalb\cellx8819\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx10776\trrh298\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6756\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6859\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8819\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10776\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Ethane basis swap contracts (a):\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6756\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6859\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8819\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10776\trrh281\row}}} {\trowd\trqc\cellx4899\clvertalb\cellx6518\clvertalb\cellx6756\clvertalb\cellx6859\clvertalb\cellx8478\clvertalb\cellx8716\clvertalb\cellx8819\clvertalb\cellx10488\clvertalb\cellx10778\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Volume (MMBtu)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 6,920\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 6,920\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 6,920\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4899\clvertalb\cellx6518\clvertalb\cellx6756\clvertalb\cellx6859\clvertalb\cellx8478\clvertalb\cellx8716\clvertalb\cellx8819\clvertalb\cellx10488\clvertalb\cellx10778\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5137\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6518\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6756\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6859\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8819\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Price differential ($/MMBtu)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.60\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.60\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.60\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4899\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5137\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6518\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6756\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6859\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8716\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8819\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}}\pard\plain\cf1\f51\fs20\ql ____________________ \par\pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh990 \pard\plain\intbl\li396\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\qj The ethane basis swap contracts reduce the price volatility of ethane forecasted for sale by the Company at Mont\plain\intbl\cf1\f51\fs20\qj Belvieu, Texas-posted prices. The ethane basis swap contracts fix the basis differential on a NYMEX Henry Hub\plain\intbl\cf1\f51\fs20\qj ("HH") MMBtu equivalent basis. The Company will receive the HH price plus the price differential on 6,920 MMBtu\plain\intbl\cf1\f51\fs20\qj per day, which is equivalent to 2,500 Bbls per day of ethane.\cell{ {\trowd\cellx720\cellx10800\trrh990\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Gas production derivative activities.\plain\cf1\f51\fs20\qj All material physical sales contracts governing the Company's gas production are tied\plain\cf1\f51\fs20\qj directly or indirectly to HH gas prices or regional index prices where the gas is sold. The Company uses derivative contracts to\plain\cf1\f51\fs20\qj manage gas price volatility and basis swap contracts to reduce basis risk between HH prices and actual index prices at which the\plain\cf1\f51\fs20\qj gas is sold. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 16 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following table sets forth the volumes per day associated with the Company's outstanding gas derivative contracts as\plain\cf1\f51\fs20\qj of June 30, 2022 and the weighted average gas prices for those contracts:\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\trqc\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10778\trrh66\row}}} {\trowd\trqc\clvertalc\cellx4731\clvertalc\cellx5066\clvertalc\cellx6413\clvertalc\cellx6651\clvertalc\cellx6753\clvertalc\cellx7088\clvertalc\cellx8435\clvertalc\cellx8673\clvertalc\cellx8775\clvertalc\cellx9107\clvertalc\cellx10488\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx4731\clvertalc\cellx5066\clvertalc\cellx6413\clvertalc\cellx6651\clvertalc\cellx6753\clvertalc\cellx7088\clvertalc\cellx8435\clvertalc\cellx8673\clvertalc\cellx8775\clvertalc\cellx9107\clvertalc\cellx10488\clvertalc\cellx10778\trrh66\row}}} {\trowd\trqc\clvertalb\cellx4731\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8674\clvertalb\cellx8776\clvertalb\clvmgf\cellx10778\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\cf1\f51\fs18\b\qc Year Ending December\plain\intbl\sa22\cf1\f51\fs18\b\qc 31, 2019\cell{ {\trowd\trqc\clvertalb\cellx4731\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8674\clvertalb\cellx8776\clvertalb\clvmgf\cellx10778\trrh281\row}}} {\trowd\trqc\clvertalb\cellx4731\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6651\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6753\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8673\clvertalb\cellx8775\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx10777\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\b\qc Third Quarter\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\b\qc Fourth Quarter\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx4731\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6651\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6753\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8673\clvertalb\cellx8775\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx10777\trrh298\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10777\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Swap contracts:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10777\trrh281\row}}} {\trowd\trqc\cellx4731\clvertalb\cellx6413\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx8435\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx10488\clvertalb\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Volume (MMBtu)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 100,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 100,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4731\clvertalb\cellx6413\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx8435\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx10488\clvertalb\cellx10778\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7088\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8435\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Price per MMBtu\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 3.00\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 3.00\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7088\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8435\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}} {\trowd\trqc\cellx4731\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx10777\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Collar contracts with short puts:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\cellx4731\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx10777\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8435\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Volume (MMBtu)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 50,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 50,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8435\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}} {\trowd\trqc\cellx4731\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx10777\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Price per MMBtu:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\cellx4731\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx10777\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7088\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8435\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Ceiling\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 3.40\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 3.40\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7088\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8435\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}} {\trowd\trqc\cellx4731\clvertalb\cellx5066\clvertalb\cellx6413\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx7088\clvertalb\cellx8435\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx9107\clvertalb\cellx10488\clvertalb\cellx10778\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Floor\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.75\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.75\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4731\clvertalb\cellx5066\clvertalb\cellx6413\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx7088\clvertalb\cellx8435\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx9107\clvertalb\cellx10488\clvertalb\cellx10778\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7088\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8435\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Short put\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.25\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.25\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5066\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7088\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8435\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}} {\trowd\trqc\cellx4731\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx10777\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Basis swap contracts:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\cellx4731\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx10777\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8435\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Permian Basin index swap volume (MMBtu) (a)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 60,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 60,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 44,877\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8435\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}} {\trowd\trqc\cellx4731\clvertalb\cellx5066\clvertalb\cellx6413\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx7088\clvertalb\cellx8435\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx9107\clvertalb\cellx10488\clvertalb\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Price differential ($/MMBtu)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (1.46\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (1.46\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (1.46\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\cellx4731\clvertalb\cellx5066\clvertalb\cellx6413\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx7088\clvertalb\cellx8435\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx9107\clvertalb\cellx10488\clvertalb\cellx10778\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8435\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Southern California index swap volume (MMBtu) (b)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 80,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 66,522\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 84,932\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4731\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8435\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8673\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10488\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}} {\trowd\trqc\cellx4731\clvertalb\cellx5066\clvertalb\cellx6413\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx7088\clvertalb\cellx8435\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx9107\clvertalb\cellx10488\clvertalb\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Price differential ($/MMBtu)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.30\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.50\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.33\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4731\clvertalb\cellx5066\clvertalb\cellx6413\clvertalb\cellx6651\clvertalb\cellx6753\clvertalb\cellx7088\clvertalb\cellx8435\clvertalb\cellx8673\clvertalb\cellx8775\clvertalb\cellx9107\clvertalb\cellx10488\clvertalb\cellx10778\trrh281\row}}}\pard\plain\cf1\f51\fs20\ql ____________________ \par\pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\qj The referenced basis swap contracts fix the basis differentials between the index price at which the Company sells its\plain\intbl\cf1\f51\fs20\qj Permian Basin gas and the HH price used in swap contracts and collar contracts with short puts.\cell{ {\trowd\cellx720\cellx10800\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\qj The referenced basis swap contracts fix the basis differentials between Permian Basin index prices and southern\plain\intbl\cf1\f51\fs20\qj California index prices for Permian Basin gas forecasted for sale in Arizona and southern California.\cell{ {\trowd\cellx720\cellx10800\trrh495\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Marketing derivatives.\plain\cf1\f51\fs20\qj Periodically, the Company enters into buy and sell marketing arrangements to fulfill firm pipeline\plain\cf1\f51\fs20\qj transportation commitments. As of June 30, 2018, the Company was party to July and August 2018 oil basis swap contracts for\plain\cf1\f51\fs20\qj 3,000 Bbls per day of Permian Basin oil forecasted for sale to a Gulf Coast refinery with a price differential of $3.30 per Bbl\plain\cf1\f51\fs20\qj between NYMEX WTI and Magellan East Houston oil prices.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Tabular disclosure of derivative financial instruments\plain\cf1\f51\fs20\qj . All of the Company's derivatives are accounted for as non-hedge\plain\cf1\f51\fs20\qj derivatives as of June 30, 2022 and December 31, 2017, and therefore all changes in the fair values of its derivative contracts are\plain\cf1\f51\fs20\qj recognized as gains or losses in the earnings of the periods in which they occur. The Company classifies the fair value amounts\plain\cf1\f51\fs20\qj of derivative assets and liabilities as net current or noncurrent derivative assets or net current or noncurrent derivative liabilities,\plain\cf1\f51\fs20\qj whichever the case may be, by commodity and counterparty. The Company enters into derivatives under master netting\plain\cf1\f51\fs20\qj arrangements, which, in an event of default, allows the Company to offset payables to and receivables from the defaulting\plain\cf1\f51\fs20\qj counterparty. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 17 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The aggregate fair value of the Company's derivative instruments reported in the accompanying consolidated balance sheets\plain\cf1\f51\fs20\qj by type and counterparty, including the classification between current and noncurrent assets and liabilities, consists of the\plain\cf1\f51\fs20\qj following: \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx3372\clvertalc\cellx3473\clvertalc\cellx5697\clvertalc\cellx5798\clvertalc\cellx5954\clvertalc\cellx6988\clvertalc\cellx7144\clvertalc\cellx7245\clvertalc\cellx7588\clvertalc\cellx8626\clvertalc\cellx8969\clvertalc\cellx9070\clvertalc\cellx9413\clvertalc\cellx10451\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx3372\clvertalc\cellx3473\clvertalc\cellx5697\clvertalc\cellx5798\clvertalc\cellx5954\clvertalc\cellx6988\clvertalc\cellx7144\clvertalc\cellx7245\clvertalc\cellx7588\clvertalc\cellx8626\clvertalc\cellx8969\clvertalc\cellx9070\clvertalc\cellx9413\clvertalc\cellx10451\clvertalc\cellx10800\trrh66\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh257 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Fair Value of Derivative Instruments as of June 30, 2018\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh257\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3372\clvertalb\cellx3473\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5697\clvertalb\cellx5798\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7145\clvertalb\cellx7246\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8971\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9072\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh942 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Type\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Consolidated\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Balance Sheet\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Location\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Fair\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Value\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Gross Amounts\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Offset in the\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Consolidated\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Balance Sheet\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Net Fair Value\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Presented in the\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Consolidated\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Balance Sheet\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3372\clvertalb\cellx3473\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5697\clvertalb\cellx5798\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7145\clvertalb\cellx7246\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8971\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9072\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh942\row}}} {\trowd\clvertalb\cellx3372\clvertalb\cellx3473\clvertalb\cellx5697\clvertalb\cellx5798\clvertalb\cellx10798\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in\~millions)\cell{ {\trowd\clvertalb\cellx3372\clvertalb\cellx3473\clvertalb\cellx5697\clvertalb\cellx5798\clvertalb\cellx10798\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx5698\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7247\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9073\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10798\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Derivatives not designated as hedging instruments\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx5698\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7247\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9073\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10798\trrh281\row}}} {\trowd\cellx5698\clvertalb\cellx5799\clvertalb\cellx7146\clvertalb\cellx7247\clvertalb\cellx8972\clvertalb\cellx9073\clvertalb\cellx10798\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\b\ql Asset Derivatives:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5698\clvertalb\cellx5799\clvertalb\cellx7146\clvertalb\cellx7247\clvertalb\cellx8972\clvertalb\cellx9073\clvertalb\cellx10798\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5954\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8626\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8969\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9070\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10451\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity price derivatives\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Derivatives\~-\~current\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 9\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (7\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5954\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8626\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8969\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9070\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10451\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx3372\clvertalb\cellx3473\clvertalb\cellx5697\clvertalb\cellx5798\clvertalb\cellx5954\clvertalb\cellx6988\clvertalb\cellx7144\clvertalb\cellx7245\clvertalb\cellx7588\clvertalb\cellx8626\clvertalb\cellx8969\clvertalb\cellx9070\clvertalb\cellx10451\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity price derivatives\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Derivatives\~-\~noncurrent\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (2\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx3372\clvertalb\cellx3473\clvertalb\cellx5697\clvertalb\cellx5798\clvertalb\cellx5954\clvertalb\cellx6988\clvertalb\cellx7144\clvertalb\cellx7245\clvertalb\cellx7588\clvertalb\cellx8626\clvertalb\cellx8969\clvertalb\cellx9070\clvertalb\cellx10451\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7246\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9072\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9415\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10453\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7246\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9072\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9415\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10453\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\cellx5698\clvertalb\cellx5799\clvertalb\cellx7146\clvertalb\cellx7247\clvertalb\cellx8972\clvertalb\cellx9073\clvertalb\cellx10798\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\b\ql Liability Derivatives:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5698\clvertalb\cellx5799\clvertalb\cellx7146\clvertalb\cellx7247\clvertalb\cellx8972\clvertalb\cellx9073\clvertalb\cellx10798\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5954\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8626\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8969\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9070\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10451\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity price derivatives\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Derivatives\~-\~current\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 519\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (7\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 512\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5954\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8626\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8969\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9070\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10451\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx3372\clvertalb\cellx3473\clvertalb\cellx5697\clvertalb\cellx5798\clvertalb\cellx5954\clvertalb\cellx6988\clvertalb\cellx7144\clvertalb\cellx7245\clvertalb\cellx7588\clvertalb\cellx8626\clvertalb\cellx8969\clvertalb\cellx9070\clvertalb\cellx10451\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity price derivatives\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Derivatives\~-\~noncurrent\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 91\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (2\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 89\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx3372\clvertalb\cellx3473\clvertalb\cellx5697\clvertalb\cellx5798\clvertalb\cellx5954\clvertalb\cellx6988\clvertalb\cellx7144\clvertalb\cellx7245\clvertalb\cellx7588\clvertalb\cellx8626\clvertalb\cellx8969\clvertalb\cellx9070\clvertalb\cellx10451\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7246\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9072\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9415\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10453\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 601\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7246\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9072\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9415\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10453\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx3372\clvertalc\cellx3473\clvertalc\cellx5697\clvertalc\cellx5798\clvertalc\cellx5954\clvertalc\cellx6988\clvertalc\cellx7144\clvertalc\cellx7245\clvertalc\cellx7588\clvertalc\cellx8626\clvertalc\cellx8969\clvertalc\cellx9070\clvertalc\cellx9413\clvertalc\cellx10451\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx3372\clvertalc\cellx3473\clvertalc\cellx5697\clvertalc\cellx5798\clvertalc\cellx5954\clvertalc\cellx6988\clvertalc\cellx7144\clvertalc\cellx7245\clvertalc\cellx7588\clvertalc\cellx8626\clvertalc\cellx8969\clvertalc\cellx9070\clvertalc\cellx9413\clvertalc\cellx10451\clvertalc\cellx10800\trrh66\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh256 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Fair Value of Derivative Instruments as of December 31, 2017\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh256\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3372\clvertalb\cellx3473\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5697\clvertalb\cellx5798\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7145\clvertalb\cellx7246\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8971\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9072\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh942 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Type\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Consolidated\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Balance Sheet\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Location\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Fair\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Value\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Gross Amounts\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Offset in the\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Consolidated\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Balance Sheet\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Net Fair Value\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Presented in the\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Consolidated\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Balance Sheet\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3372\clvertalb\cellx3473\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5697\clvertalb\cellx5798\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7145\clvertalb\cellx7246\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8971\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9072\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh942\row}}} {\trowd\clvertalb\cellx3372\clvertalb\cellx3473\clvertalb\cellx5697\clvertalb\cellx5798\clvertalb\cellx10798\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in\~millions)\cell{ {\trowd\clvertalb\cellx3372\clvertalb\cellx3473\clvertalb\cellx5697\clvertalb\cellx5798\clvertalb\cellx10798\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx5698\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7247\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9073\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10798\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Derivatives not designated as hedging instruments\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx5698\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7146\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7247\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9073\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10798\trrh281\row}}} {\trowd\cellx5698\clvertalb\cellx5799\clvertalb\cellx7146\clvertalb\cellx7247\clvertalb\cellx8972\clvertalb\cellx9073\clvertalb\cellx10798\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\b\ql Asset Derivatives:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5698\clvertalb\cellx5799\clvertalb\cellx7146\clvertalb\cellx7247\clvertalb\cellx8972\clvertalb\cellx9073\clvertalb\cellx10798\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5954\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8626\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8969\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9070\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10451\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity price derivatives\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Derivatives\~-\~current\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 13\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (2\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 11\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5954\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8626\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8969\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9070\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10451\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx3372\clvertalb\cellx3473\clvertalb\cellx5697\clvertalb\cellx5798\clvertalb\cellx5954\clvertalb\cellx6988\clvertalb\cellx7144\clvertalb\cellx7245\clvertalb\cellx7588\clvertalb\cellx8626\clvertalb\cellx8969\clvertalb\cellx9070\clvertalb\cellx10451\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity price derivatives\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Derivatives\~-\~noncurrent\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 3\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (3\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx3372\clvertalb\cellx3473\clvertalb\cellx5697\clvertalb\cellx5798\clvertalb\cellx5954\clvertalb\cellx6988\clvertalb\cellx7144\clvertalb\cellx7245\clvertalb\cellx7588\clvertalb\cellx8626\clvertalb\cellx8969\clvertalb\cellx9070\clvertalb\cellx10451\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7246\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9072\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9415\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10453\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 11\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7246\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9072\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9415\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10453\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\cellx5698\clvertalb\cellx5799\clvertalb\cellx7146\clvertalb\cellx7247\clvertalb\cellx8972\clvertalb\cellx9073\clvertalb\cellx10798\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\b\ql Liability Derivatives:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx5698\clvertalb\cellx5799\clvertalb\cellx7146\clvertalb\cellx7247\clvertalb\cellx8972\clvertalb\cellx9073\clvertalb\cellx10798\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5954\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8626\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8969\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9070\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10451\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity price derivatives\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Derivatives\~-\~current\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 234\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (2\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 232\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5954\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7245\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7588\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8626\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8969\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9070\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9413\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10451\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx3372\clvertalb\cellx3473\clvertalb\cellx5697\clvertalb\cellx5798\clvertalb\cellx5954\clvertalb\cellx6988\clvertalb\cellx7144\clvertalb\cellx7245\clvertalb\cellx7588\clvertalb\cellx8626\clvertalb\cellx8969\clvertalb\cellx9070\clvertalb\cellx10451\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity price derivatives\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Derivatives\~-\~noncurrent\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 26\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (3\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 23\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx3372\clvertalb\cellx3473\clvertalb\cellx5697\clvertalb\cellx5798\clvertalb\cellx5954\clvertalb\cellx6988\clvertalb\cellx7144\clvertalb\cellx7245\clvertalb\cellx7588\clvertalb\cellx8626\clvertalb\cellx8969\clvertalb\cellx9070\clvertalb\cellx10451\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7246\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9072\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9415\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10453\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 255\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5798\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7246\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8971\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9072\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9415\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10453\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following table details the location of gains and losses recognized on the Company's derivative contracts in the\plain\cf1\f51\fs20\qj accompanying consolidated statements of operations: \par\pard\plain {\trowd\trqc\clvertalc\cellx10796\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10796\cellx10799\trrh66\row}}} {\trowd\trqc\clvertalc\cellx2473\clvertalc\cellx2578\clvertalc\cellx5167\clvertalc\cellx5272\clvertalc\cellx5474\clvertalc\cellx6514\clvertalc\cellx6640\clvertalc\cellx6747\clvertalc\cellx6873\clvertalc\cellx7904\clvertalc\cellx8030\clvertalc\cellx8232\clvertalc\cellx9272\clvertalc\cellx9398\clvertalc\cellx9505\clvertalc\cellx9631\clvertalc\cellx10662\clvertalc\cellx10788\cellx10791\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx2473\clvertalc\cellx2578\clvertalc\cellx5167\clvertalc\cellx5272\clvertalc\cellx5474\clvertalc\cellx6514\clvertalc\cellx6640\clvertalc\cellx6747\clvertalc\cellx6873\clvertalc\cellx7904\clvertalc\cellx8030\clvertalc\cellx8232\clvertalc\cellx9272\clvertalc\cellx9398\clvertalc\cellx9505\clvertalc\cellx9631\clvertalc\cellx10662\clvertalc\cellx10788\cellx10791\trrh66\row}}} {\trowd\trqc\clvertalb\clvmgf\cellx2473\clvertalb\cellx2578\clvertalb\clvmgf\cellx5167\clvertalb\cellx5272\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8032\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10792\cellx10795\trrh479 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Derivatives\~Not\~Designated\~as\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc Hedging Instruments\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Location of Gain/(Loss)\plain\intbl\li22\ri22\cf1\f51\fs18\b\qc Recognized in Earnings on\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc Derivatives\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clvmgf\cellx2473\clvertalb\cellx2578\clvertalb\clvmgf\cellx5167\clvertalb\cellx5272\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8032\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10792\cellx10795\trrh479\row}}} {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx2473\clvertalb\cellx2578\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx5167\clvertalb\cellx5272\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6641\clvertalb\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8032\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9401\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9508\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10792\clvertalc\cellx10793\clvertalc\cellx10800\trrh298 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx2473\clvertalb\cellx2578\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx5167\clvertalb\cellx5272\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6641\clvertalb\cellx6748\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8032\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9401\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9508\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10792\clvertalc\cellx10793\clvertalc\cellx10800\trrh298\row}}} {\trowd\trqc\clvertalb\cellx2473\clvertalb\cellx2578\clvertalb\cellx5167\clvertalb\cellx5272\clvertalc\cellx10793\clvertalc\cellx10794\clvertalc\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx2473\clvertalb\cellx2578\clvertalb\cellx5167\clvertalb\cellx5272\clvertalc\cellx10793\clvertalc\cellx10794\clvertalc\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx2473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2578\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5167\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5272\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5474\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6514\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6640\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6873\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7904\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8232\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9272\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10662\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10788\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Commodity price derivatives\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Derivative gains (losses), net\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (358\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 136\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (566\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 287\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx2473\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2578\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5167\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5272\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5474\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6514\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6640\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6747\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6873\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7904\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8232\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9272\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9398\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9505\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10662\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10788\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2473\clvertalb\cellx2578\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5167\clvertalb\cellx5272\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6514\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6640\clvertalb\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7904\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8030\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9272\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9398\clvertalb\cellx9505\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10662\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10788\clvertalc\cellx10789\clvertalc\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Interest rate derivatives\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Derivative gains (losses), net\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (1\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (1\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx2473\clvertalb\cellx2578\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx5167\clvertalb\cellx5272\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6514\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6640\clvertalb\cellx6747\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7904\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8030\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9272\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9398\clvertalb\cellx9505\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10662\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10788\clvertalc\cellx10789\clvertalc\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5168\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5273\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5475\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6515\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6641\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6874\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7905\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8031\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8233\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9273\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9399\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9506\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9632\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10663\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10790\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\fi198\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (358\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 135\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (566\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 286\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5168\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5273\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5475\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6515\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6641\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6748\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6874\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7905\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8031\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8233\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9273\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9399\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9506\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9632\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10663\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10790\clvertalc\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} \par\pard\plain\fs16\pard\plain\li88\fi594\cf1\f51\fs20\b\i\qj Derivative Counterparties\plain\li88\cf1\f51\fs20\qj . The Company uses credit and other financial criteria to evaluate the credit standing of, and to\plain\li88\cf1\f51\fs20\qj select, counterparties to its derivative instruments. Although the Company does not obtain collateral or otherwise secure the fair\plain\li88\cf1\f51\fs20\qj value of its derivative instruments, associated credit risk is mitigated by the Company's credit risk policies and procedures. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 18 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s3a509da7072b5029bf61d8f30362036}{\*\bkmkend s3a509da7072b5029bf61d8f30362036}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb396\cf1\f51\fs20\b\ql NOTE 6. Exploratory Costs\par\pard\plain\sb132\fi594\cf1\f51\fs20\qj The Company capitalizes exploratory well and project costs until a determination is made that the well or project has either\plain\cf1\f51\fs20\qj found proved reserves, is impaired or is sold. The Company's capitalized exploratory well and project costs are presented in\plain\cf1\f51\fs20\qj proved properties in the accompanying consolidated balance sheets. If the exploratory well or project is determined to be\plain\cf1\f51\fs20\qj impaired, the impaired costs are charged to exploration and abandonments expense.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following table reflects the Company's capitalized exploratory well and project activity during the three and six\plain\cf1\f51\fs20\qj months ended June 30, 2018: \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx6495\clvertalc\cellx6720\clvertalc\cellx8369\clvertalc\cellx8594\clvertalc\cellx8699\clvertalc\cellx8924\clvertalc\cellx10573\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx6495\clvertalc\cellx6720\clvertalc\cellx8369\clvertalc\cellx8594\clvertalc\cellx8699\clvertalc\cellx8924\clvertalc\cellx10573\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx6495\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8594\clvertalb\cellx8699\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Three Months Ended\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc June 30, 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Six Months Ended June\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc 30, 2018\cell{ {\trowd\trqc\clvertalb\cellx6495\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8594\clvertalb\cellx8699\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh479\row}}} {\trowd\trqc\clvertalb\cellx6495\clvertalb\cellx10799\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx6495\clvertalb\cellx10799\trrh232\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx6495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6720\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8369\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8594\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8699\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8924\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10573\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Beginning capitalized exploratory well costs\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 476\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 505\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx6495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6720\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8369\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8594\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8699\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8924\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10573\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx6495\clvertalb\cellx8369\clvertalb\cellx8594\clvertalb\cellx8699\clvertalb\cellx10573\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li198\ri22\sb22\fi-198\cf1\f51\fs20\ql Additions to exploratory well costs pending the determination of proved\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql reserves\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 631\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,213\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx6495\clvertalb\cellx8369\clvertalb\cellx8594\clvertalb\cellx8699\clvertalb\cellx10573\clvertalb\cellx10800\trrh529\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx6495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8369\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8594\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8699\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10573\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Reclassification due to determination of proved reserves\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (528\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (1,135\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx6495\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8369\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8594\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8699\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10573\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx6495\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8369\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8594\clvertalb\cellx8699\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10573\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Exploratory well costs charged to exploration and abandonment expense\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (4\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (8\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\cellx6495\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8369\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8594\clvertalb\cellx8699\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10573\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx6495\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6720\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8369\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8594\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8699\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8924\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10573\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Ending capitalized exploratory well costs\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 575\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 575\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx6495\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6720\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8369\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8594\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8699\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8924\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10573\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following table provides an aging as of June 30, 2022 and December 31, 2021 of capitalized exploratory costs and the\plain\cf1\f51\fs20\qj number of projects for which exploratory well costs have been capitalized for a period greater than one year, based on the date\plain\cf1\f51\fs20\qj drilling was completed: \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx6743\clvertalc\cellx6891\clvertalc\cellx8451\clvertalc\cellx8599\clvertalc\cellx8705\clvertalc\cellx8971\clvertalc\cellx10531\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx6743\clvertalc\cellx6891\clvertalc\cellx8451\clvertalc\cellx8599\clvertalc\cellx8705\clvertalc\cellx8971\clvertalc\cellx10531\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx6743\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8599\clvertalb\cellx8705\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc June 30, 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc December 31, 2017\cell{ {\trowd\clvertalb\cellx6743\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8599\clvertalb\cellx8705\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh281\row}}} {\trowd\clvertalb\cellx6743\clvertalb\cellx10799\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions, except well counts)\cell{ {\trowd\clvertalb\cellx6743\clvertalb\cellx10799\trrh232\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6743\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8599\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8705\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10798\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Capitalized exploratory well costs that have been suspended:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6743\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8599\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8705\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10798\trrh281\row}}} {\trowd\cellx6743\clvertalb\cellx6891\clvertalb\cellx8451\clvertalb\cellx8599\clvertalb\cellx8705\clvertalb\cellx8971\clvertalb\cellx10531\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql One year or less\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 563\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 493\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6743\clvertalb\cellx6891\clvertalb\cellx8451\clvertalb\cellx8599\clvertalb\cellx8705\clvertalb\cellx8971\clvertalb\cellx10531\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6743\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8451\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8599\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8705\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10531\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql More than one year\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 12\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 12\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6743\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8451\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8599\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8705\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10531\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx6743\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6891\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8451\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8599\clvertalb\cellx8705\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8971\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10531\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 575\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 505\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx6743\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6891\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8451\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8599\clvertalb\cellx8705\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8971\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10531\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6743\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8451\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8599\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8705\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10531\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh529 \pard\plain\intbl\li198\ri22\sb22\fi-198\cf1\f51\fs20\ql Number of wells or projects with exploratory well costs that have been\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql suspended for a period greater than one year\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6743\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8451\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8599\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8705\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10531\clbrdrt\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh529\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj All projects with exploratory well costs that have been suspended for a period greater than one year as of June 30, 2018\plain\cf1\f51\fs20\qj are in the Eagle Ford Shale area. The Company is evaluating both the well performance of similar wells completed in 2017 and\plain\cf1\f51\fs20\qj whether to drill additional wells near these wells in order for all of the wells in the area to be fracture stimulated as a package,\plain\cf1\f51\fs20\qj thereby improving the resource recovery for the area. The Company expects to complete its evaluation of these wells during\plain\cf1\f51\fs20\qj 2018.{\*\bkmkstart s06563b99fcd65fbcabda511473e0216}{\*\bkmkend s06563b99fcd65fbcabda511473e0216}\par\pard\plain\sb396\cf1\f51\fs20\b\ql NOTE 7. Long-term Debt\par\pard\plain\sb132\fi594\cf1\f51\fs20\b\i\qj Credit facility.\plain\cf1\f51\fs20\qj The Company's long-term debt consists of senior notes, a revolving corporate credit facility (the "Credit\plain\cf1\f51\fs20\qj Facility") and the effects of issuance costs and discounts. The Credit Facility is maintained with a syndicate of financial\plain\cf1\f51\fs20\qj institutions and has aggregate loan commitments of $1.5 billion that expire in August 2020. As of June 30, 2018, the Company\plain\cf1\f51\fs20\qj had no outstanding borrowings under the Credit Facility and was in compliance with its debt covenants.\par\pard\plain\sb132\fi594\cf1\f51\fs20\b\i\qj Senior notes.\plain\cf1\f51\fs20\qj The Company's 6.875% senior notes (the "6.875% Senior Notes") and 6.65% senior notes (the "6.65%\plain\cf1\f51\fs20\qj Senior Notes"), with debt principal balances of $450 million and $485 million, respectively, matured and were repaid in May\plain\cf1\f51\fs20\qj 2018 and March 2017, respectively. The Company funded the repayments with cash on hand. The 6.875% Senior Notes were\plain\cf1\f51\fs20\qj classified as current in the accompanying consolidated balance sheet at December 31, 2017. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 19 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s8329e1b4e07d59fc9539a908e4f168e}{\*\bkmkend s8329e1b4e07d59fc9539a908e4f168e}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb396\cf1\f51\fs20\b\ql NOTE 8. Incentive Plans\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Stock-based compensation.\plain\cf1\f51\fs20\qj For the three and six months ended June 30, 2018, the Company recorded $29 million and\plain\cf1\f51\fs20\qj $52\~million, respectively, of stock-based compensation expense for all plans, as compared to $27 million and $57 million for the\plain\cf1\f51\fs20\qj same respective periods in 2017. As of June 30, 2018, there was $142 million of unrecognized stock-based compensation\plain\cf1\f51\fs20\qj expense related to unvested share-based compensation plans, including $32 million attributable to stock-based awards that are\plain\cf1\f51\fs20\qj expected to be settled on their vesting date in cash, rather than in equity shares ("Liability Awards"). The unrecognized\plain\cf1\f51\fs20\qj compensation expense will be recognized on a straight-line basis over the remaining vesting periods of the awards, which is a\plain\cf1\f51\fs20\qj period of less than three years on a weighted average basis. As of June 30, 2022 and December 31, 2017, accounts payable\plain\cf1\f51\fs20\qj \u8211? due to affiliates included $10\~million and $20 million, respectively, of liabilities attributable to Liability Awards.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following table summarizes the activity that occurred during the six months ended June 30, 2022 for restricted stock\plain\cf1\f51\fs20\qj awards and performance units issued by the Company: \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx5954\clvertalc\cellx7080\clvertalc\cellx7532\clvertalc\cellx7634\clvertalc\cellx8760\clvertalc\cellx9120\clvertalc\cellx9222\clvertalc\cellx10339\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx5954\clvertalc\cellx7080\clvertalc\cellx7532\clvertalc\cellx7634\clvertalc\cellx8760\clvertalc\cellx9120\clvertalc\cellx9222\clvertalc\cellx10339\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx5954\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7533\clvertalb\cellx7635\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9122\clvertalb\cellx9224\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh628 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Restricted\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Stock\~Equity\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Awards\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Restricted\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Stock Liability\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Awards\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Performance\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Units\cell{ {\trowd\clvertalb\cellx5954\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7533\clvertalb\cellx7635\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9122\clvertalb\cellx9224\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh628\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx5954\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7080\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7532\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7634\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8760\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9120\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9222\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10339\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Outstanding as of December\~31, 2017\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 916,223\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 252,735\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 163,158\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx5954\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7080\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7532\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7634\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8760\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9120\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9222\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10339\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\cellx5954\clvertalb\cellx7080\clvertalb\cellx7532\clvertalb\cellx7634\clvertalb\cellx8760\clvertalb\cellx9120\clvertalb\cellx9222\clvertalb\cellx10339\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Awards granted\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 384,559\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 108,129\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 62,541\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx5954\clvertalb\cellx7080\clvertalb\cellx7532\clvertalb\cellx7634\clvertalb\cellx8760\clvertalb\cellx9120\clvertalb\cellx9222\clvertalb\cellx10339\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx5954\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7080\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7532\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7634\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8760\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9120\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9222\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10339\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Awards forfeited\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (28,875\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (8,274\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (1,285\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx5954\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7080\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7532\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7634\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8760\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9120\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9222\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10339\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx5954\clvertalb\cellx7080\clvertalb\cellx7532\clvertalb\cellx7634\clvertalb\cellx8760\clvertalb\cellx9120\clvertalb\cellx9222\clvertalb\cellx10339\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Awards vested\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (405,391\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (122,112\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (34,778\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\cellx5954\clvertalb\cellx7080\clvertalb\cellx7532\clvertalb\cellx7634\clvertalb\cellx8760\clvertalb\cellx9120\clvertalb\cellx9222\clvertalb\cellx10339\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx5954\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7080\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7532\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7634\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8760\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9120\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9222\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10339\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Outstanding as of June 30, 2018\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 866,516\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 230,478\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 189,636\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx5954\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7080\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7532\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7634\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8760\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9120\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9222\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10339\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} \par\pard\plain\fs16\pard\plain\fi792\cf1\f51\fs20\qj As of June 30, 2022 and December 31, 2017, the Company also had 131,630 and 138,493 stock options outstanding and\plain\cf1\f51\fs20\qj exercisable. There were 6,863 stock options exercised during the six months ended June 30, 2018.{\*\bkmkstart s8fd6466687d5575eb252e834a736885}{\*\bkmkend s8fd6466687d5575eb252e834a736885}\par\pard\plain\sb396\cf1\f51\fs20\b\ql NOTE 9. Asset Retirement Obligations\par\pard\plain\sb132\fi594\cf1\f51\fs20\qj The Company's asset retirement obligations primarily relate to the future plugging and abandonment of wells and related\plain\cf1\f51\fs20\qj facilities. The following table summarizes the Company's asset retirement obligation activity during the three and six months\plain\cf1\f51\fs20\qj ended June 30, 2022 and 2017:\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\trqc\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10799\trrh66\row}}} {\trowd\trqc\clvertalc\cellx5003\clvertalc\cellx5238\clvertalc\cellx6274\clvertalc\cellx6400\clvertalc\cellx6507\clvertalc\cellx6742\clvertalc\cellx7778\clvertalc\cellx7904\clvertalc\cellx8009\clvertalc\cellx8135\clvertalc\cellx9163\clvertalc\cellx9289\clvertalc\cellx9396\clvertalc\cellx9631\clvertalc\cellx10667\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx5003\clvertalc\cellx5238\clvertalc\cellx6274\clvertalc\cellx6400\clvertalc\cellx6507\clvertalc\cellx6742\clvertalc\cellx7778\clvertalc\cellx7904\clvertalc\cellx8009\clvertalc\cellx8135\clvertalc\cellx9163\clvertalc\cellx9289\clvertalc\cellx9396\clvertalc\cellx9631\clvertalc\cellx10667\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx5003\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7906\clvertalb\cellx8011\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell{ {\trowd\trqc\clvertalb\cellx5003\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7906\clvertalb\cellx8011\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh479\row}}} {\trowd\trqc\clvertalb\cellx5003\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6401\clvertalb\cellx6508\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7906\clvertalb\cellx8011\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9293\clvertalb\cellx9400\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell{ {\trowd\trqc\clvertalb\cellx5003\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6401\clvertalb\cellx6508\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7906\clvertalb\cellx8011\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9293\clvertalb\cellx9400\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh281\row}}} {\trowd\trqc\clvertalb\cellx5003\clvertalb\cellx10799\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx5003\clvertalb\cellx10799\trrh232\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5003\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5238\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6274\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6742\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7778\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7904\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8135\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9163\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9289\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9396\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10667\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Beginning asset retirement obligations\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 263\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 297\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 271\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 297\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5003\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5238\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6274\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6742\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7778\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7904\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8135\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9163\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9289\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9396\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9631\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10667\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx5003\clvertalb\cellx6274\clvertalb\cellx6400\clvertalb\cellx6507\clvertalb\cellx7778\clvertalb\cellx7904\clvertalb\cellx8009\clvertalb\cellx9164\clvertalb\cellx9290\clvertalb\cellx9397\clvertalb\cellx10668\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql New wells placed on production\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx5003\clvertalb\cellx6274\clvertalb\cellx6400\clvertalb\cellx6507\clvertalb\cellx7778\clvertalb\cellx7904\clvertalb\cellx8009\clvertalb\cellx9164\clvertalb\cellx9290\clvertalb\cellx9397\clvertalb\cellx10668\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5003\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6274\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7778\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7904\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9290\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9397\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10668\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Changes in estimates\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5003\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6274\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7778\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7904\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9290\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9397\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10668\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx5003\clvertalb\cellx6274\clvertalb\cellx6400\clvertalb\cellx6507\clvertalb\cellx7778\clvertalb\cellx7904\clvertalb\cellx8009\clvertalb\cellx9164\clvertalb\cellx9290\clvertalb\cellx9397\clvertalb\cellx10668\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Obligations reclassified to liabilities held for sale\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (67\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (73\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx5003\clvertalb\cellx6274\clvertalb\cellx6400\clvertalb\cellx6507\clvertalb\cellx7778\clvertalb\cellx7904\clvertalb\cellx8009\clvertalb\cellx9164\clvertalb\cellx9290\clvertalb\cellx9397\clvertalb\cellx10668\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5003\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6274\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7778\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7904\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9290\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9397\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10668\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Dispositions\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (6\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (7\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (6\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (7\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5003\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6274\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7778\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7904\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9290\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9397\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10668\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx5003\clvertalb\cellx6274\clvertalb\cellx6400\clvertalb\cellx6507\clvertalb\cellx7778\clvertalb\cellx7904\clvertalb\cellx8009\clvertalb\cellx9164\clvertalb\cellx9290\clvertalb\cellx9397\clvertalb\cellx10668\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Liabilities settled\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (10\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (9\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (18\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (14\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\cellx5003\clvertalb\cellx6274\clvertalb\cellx6400\clvertalb\cellx6507\clvertalb\cellx7778\clvertalb\cellx7904\clvertalb\cellx8009\clvertalb\cellx9164\clvertalb\cellx9290\clvertalb\cellx9397\clvertalb\cellx10668\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5003\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6274\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7778\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7904\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9290\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9397\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10668\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Accretion of discount\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 4\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 5\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 8\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 10\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5003\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6274\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6400\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6507\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7778\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7904\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9164\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9290\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9397\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10668\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx5003\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5238\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6274\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6400\clvertalb\cellx6507\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6742\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7778\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7904\clvertalb\cellx8009\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8135\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9163\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9289\clvertalb\cellx9396\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9631\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10667\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Ending asset retirement obligations\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 185\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 294\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 185\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 294\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx5003\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5238\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6274\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6400\clvertalb\cellx6507\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6742\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7778\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7904\clvertalb\cellx8009\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8135\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9163\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9289\clvertalb\cellx9396\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9631\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10667\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company records the current and noncurrent portions of asset retirement obligations in other current liabilities and\plain\cf1\f51\fs20\qj other liabilities, respectively, in the accompanying consolidated balance sheets. As of June 30, 2022 and December 31, 2017, the\plain\cf1\f51\fs20\qj current portion of the Company's asset retirement obligations was $29 million and $41 million, respectively.{\*\bkmkstart sb78a323c12e65ec392fd9845d6f554a}{\*\bkmkend sb78a323c12e65ec392fd9845d6f554a}\par\pard\plain\sb396\cf1\f51\fs20\b\ql NOTE 10. Commitments and Contingencies\par\pard\plain\sb132\fi594\cf1\f51\fs20\b\i\qj Legal actions.\plain\cf1\f51\fs20\qj The Company is a party to various proceedings and claims incidental to its business. While many of these\plain\cf1\f51\fs20\qj matters involve inherent uncertainty, the Company believes that the amount of the liability, if any, ultimately incurred with\plain\cf1\f51\fs20\qj respect to such proceedings and claims will not have a material adverse effect on the Company's financial position as a whole or\plain\cf1\f51\fs20\qj on its \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 20 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb132\cf1\f51\fs20\qj liquidity, capital resources or future annual results of operations. The Company records reserves for contingencies when\plain\cf1\f51\fs20\qj information available indicates that a loss is probable and the amount of the loss can be reasonably estimated.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Obligations following divestitures.\plain\cf1\f51\fs20\qj In connection with its divestiture transactions, the Company may retain certain\plain\cf1\f51\fs20\qj liabilities and provide the purchaser certain indemnifications, subject to defined limitations, which may apply to identified\plain\cf1\f51\fs20\qj pre-closing matters, including matters of litigation, environmental contingencies, royalty obligations and income taxes. The\plain\cf1\f51\fs20\qj Company does not believe these obligations are probable of having a material impact on its liquidity, financial position or future\plain\cf1\f51\fs20\qj results of operations.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Lease agreements.\plain\cf1\f51\fs20\qj In June 2017, the Company entered into a 20-year operating lease for the Company's new corporate\plain\cf1\f51\fs20\qj headquarters that is currently being constructed in Irving, Texas. Annual base rent is expected to be $33 million and lease\plain\cf1\f51\fs20\qj payments are expected to commence once the building is complete, which is anticipated to occur during the second half of 2019.\plain\cf1\f51\fs20\qj The Company has a variable equity interest in the entity that is constructing the building. The Company is not the primary\plain\cf1\f51\fs20\qj beneficiary of the variable interest entity and only has a profit sharing interest after certain economic returns are achieved. The\plain\cf1\f51\fs20\qj Company has no exposure to the variable interest entity's losses or future liabilities, if any. The Company is the deemed owner of\plain\cf1\f51\fs20\qj the building (for accounting purposes) during the construction period and is following the build-to-suit accounting guidance.\plain\cf1\f51\fs20\qj Accordingly, as of June 30, 2018, the Company has capitalized $119 million of construction costs, including capitalized interest,\plain\cf1\f51\fs20\qj within other property and equipment and has recognized a corresponding build-to-suit lease liability. The recording of these\plain\cf1\f51\fs20\qj assets and liabilities are considered noncash investing and financing items, respectively, for purposes of the consolidated\plain\cf1\f51\fs20\qj statements of cash flows.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Firm purchase, gathering, processing, transportation, and fractionation commitments.\plain\cf1\f51\fs20\qj The Company from time to time\plain\cf1\f51\fs20\qj enters into, and as of June 30, 2022 was a party to, take-or-pay agreements, which include contractual commitments to purchase\plain\cf1\f51\fs20\qj sand and water for use in the Company's drilling operations and contractual commitments with midstream service companies and\plain\cf1\f51\fs20\qj pipeline carriers for future gathering, processing, transportation, storage and fractionation. These commitments are normal and\plain\cf1\f51\fs20\qj customary for the Company's business activities.{\*\bkmkstart s8829a720cc035d96994235526f8ab8e}{\*\bkmkend s8829a720cc035d96994235526f8ab8e}\par\pard\plain\sb396\cf1\f51\fs20\b\qj NOTE 11. Revenue Recognition\par\pard\plain\sb132\fi594\cf1\f51\fs20\b\i\qj Impact of ASC 606 adoption.\plain\cf1\f51\fs20\qj On January 1, 2018, the Company adopted ASC 606 by applying the modified retrospective\plain\cf1\f51\fs20\qj method to all revenue contracts as of January 1, 2018. Results for reporting periods beginning after January 1, 2022 are presented\plain\cf1\f51\fs20\qj under ASC 606, while prior period amounts are not adjusted and continue to be reported in accordance with historic accounting\plain\cf1\f51\fs20\qj under ASC 605. The Company completed a detailed review of its revenue contracts, which represent all of the Company's\plain\cf1\f51\fs20\qj revenue streams including oil, NGL and gas sales and sales of purchased oil and gas, to determine the effect of the new standard\plain\cf1\f51\fs20\qj for the three and six months ended June 30, 2018. The Company did not record a change to its opening retained earnings as of\plain\cf1\f51\fs20\qj January 1, 2022 as there was no material change to the timing or pattern of revenue recognition due to the adoption of ASC 606.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The adoption of ASC 606 as of January 1, 2022 had the following impact on the Company's results of operations for the\plain\cf1\f51\fs20\qj three and six months ended June 30, 2018: \par\pard\plain {\trowd\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10778\trrh66\row}}} {\trowd\clvertalc\cellx2010\clvertalc\cellx2278\clvertalc\cellx3168\clvertalc\cellx3436\clvertalc\cellx3532\clvertalc\cellx3800\clvertalc\cellx4690\clvertalc\cellx4958\clvertalc\cellx5054\clvertalc\cellx5288\clvertalc\cellx6106\clvertalc\cellx6340\clvertalc\cellx6436\clvertalc\cellx6704\clvertalc\cellx7594\clvertalc\cellx7862\clvertalc\cellx7958\clvertalc\cellx8226\clvertalc\cellx9116\clvertalc\cellx9384\clvertalc\cellx9480\clvertalc\cellx9714\clvertalc\cellx10532\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx2010\clvertalc\cellx2278\clvertalc\cellx3168\clvertalc\cellx3436\clvertalc\cellx3532\clvertalc\cellx3800\clvertalc\cellx4690\clvertalc\cellx4958\clvertalc\cellx5054\clvertalc\cellx5288\clvertalc\cellx6106\clvertalc\cellx6340\clvertalc\cellx6436\clvertalc\cellx6704\clvertalc\cellx7594\clvertalc\cellx7862\clvertalc\cellx7958\clvertalc\cellx8226\clvertalc\cellx9116\clvertalc\cellx9384\clvertalc\cellx9480\clvertalc\cellx9714\clvertalc\cellx10532\clvertalc\cellx10778\trrh66\row}}} {\trowd\clvertalb\cellx2010\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6345\clvertalb\cellx6441\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10776\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs18\b\qc Three Months Ended June 30, 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs18\b\qc Six Months Ended June 30, 2018\cell{ {\trowd\clvertalb\cellx2010\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6345\clvertalb\cellx6441\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10776\trrh281\row}}} {\trowd\clvertalb\cellx2010\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3437\clvertalb\cellx3533\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4960\clvertalb\cellx5056\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6344\clvertalb\cellx6440\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7867\clvertalb\cellx7963\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9390\clvertalb\cellx9486\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10774\trrh925 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc As Reported\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc ASC 605\par\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc (Without\plain\intbl\li22\ri22\cf1\f51\fs18\b\qc Adoption of\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc ASC 606)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Effect of\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc Change\par\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Higher\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc (Lower)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc As Reported\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc ASC 605 \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\cf1\f51\fs18\b\qc (Without\plain\intbl\li22\ri22\cf1\f51\fs18\b\qc Adoption of\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc ASC 606)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Effect of\plain\intbl\li22\ri22\cf1\f51\fs18\b\qc Change \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\cf1\f51\fs18\b\qc Higher\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc (Lower)\cell{ {\trowd\clvertalb\cellx2010\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3437\clvertalb\cellx3533\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4960\clvertalb\cellx5056\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6344\clvertalb\cellx6440\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7867\clvertalb\cellx7963\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9390\clvertalb\cellx9486\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10774\trrh925\row}}} {\trowd\clvertalb\cellx2010\clvertalb\cellx6345\clvertalb\cellx6441\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10776\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\clvertalb\cellx2010\clvertalb\cellx6345\clvertalb\cellx6441\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10776\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2010\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3437\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3533\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4960\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5056\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6440\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7867\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7963\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9390\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9486\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10774\trrh529 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\b\ql Revenues and other\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\b\ql income:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2010\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3437\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3533\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4960\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5056\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6440\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7867\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7963\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9390\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9486\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10774\trrh529\row}}} {\trowd\cellx2010\clvertalb\cellx2278\clvertalb\cellx3168\clvertalb\cellx3436\clvertalb\cellx3532\clvertalb\cellx3800\clvertalb\cellx4690\clvertalb\cellx4958\clvertalb\cellx5054\clvertalb\cellx5288\clvertalb\cellx6106\clvertalb\cellx6340\clvertalb\cellx6436\clvertalb\cellx6704\clvertalb\cellx7594\clvertalb\cellx7862\clvertalb\cellx7958\clvertalb\cellx8226\clvertalb\cellx9116\clvertalb\cellx9384\clvertalb\cellx9480\clvertalb\cellx9714\clvertalb\cellx10532\clvertalb\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Oil and gas\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,286\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,232\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 54\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,552\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,455\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 97\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx2010\clvertalb\cellx2278\clvertalb\cellx3168\clvertalb\cellx3436\clvertalb\cellx3532\clvertalb\cellx3800\clvertalb\cellx4690\clvertalb\cellx4958\clvertalb\cellx5054\clvertalb\cellx5288\clvertalb\cellx6106\clvertalb\cellx6340\clvertalb\cellx6436\clvertalb\cellx6704\clvertalb\cellx7594\clvertalb\cellx7862\clvertalb\cellx7958\clvertalb\cellx8226\clvertalb\cellx9116\clvertalb\cellx9384\clvertalb\cellx9480\clvertalb\cellx9714\clvertalb\cellx10532\clvertalb\cellx10778\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2010\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3437\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3533\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4960\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5056\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6440\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7867\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7963\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9390\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9486\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10774\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Costs and expenses:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2010\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3437\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3533\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4960\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5056\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6344\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6440\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7867\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7963\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9390\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9486\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10774\trrh281\row}}} {\trowd\cellx2010\clvertalb\cellx2278\clvertalb\cellx3168\clvertalb\cellx3436\clvertalb\cellx3532\clvertalb\cellx3800\clvertalb\cellx4690\clvertalb\cellx4958\clvertalb\cellx5054\clvertalb\cellx5288\clvertalb\cellx6106\clvertalb\cellx6340\clvertalb\cellx6436\clvertalb\cellx6704\clvertalb\cellx7594\clvertalb\cellx7862\clvertalb\cellx7958\clvertalb\cellx8226\clvertalb\cellx9116\clvertalb\cellx9384\clvertalb\cellx9480\clvertalb\cellx9714\clvertalb\cellx10532\clvertalb\cellx10778\trrh529 \pard\plain\intbl\li198\ri22\sb22\cf1\f51\fs20\ql Oil and gas\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql production\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 243\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 189\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 54\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 456\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 359\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 97\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx2010\clvertalb\cellx2278\clvertalb\cellx3168\clvertalb\cellx3436\clvertalb\cellx3532\clvertalb\cellx3800\clvertalb\cellx4690\clvertalb\cellx4958\clvertalb\cellx5054\clvertalb\cellx5288\clvertalb\cellx6106\clvertalb\cellx6340\clvertalb\cellx6436\clvertalb\cellx6704\clvertalb\cellx7594\clvertalb\cellx7862\clvertalb\cellx7958\clvertalb\cellx8226\clvertalb\cellx9116\clvertalb\cellx9384\clvertalb\cellx9480\clvertalb\cellx9714\clvertalb\cellx10532\clvertalb\cellx10778\trrh529\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj Changes in oil and gas revenues and oil and gas production costs (specifically gathering, processing and transportation\plain\cf1\f51\fs20\qj costs) are due to the conclusion under the control model in ASC 606 that the third-party processor or transporter is only\plain\cf1\f51\fs20\qj providing gas processing or transportation services and that the Company remains the principal owner of the commodity until\plain\cf1\f51\fs20\qj sold to the ultimate purchaser. This is a change from ASC 605 where the Company historically recorded gas processing fees as a\plain\cf1\f51\fs20\qj reduction of revenue recognized by the Company, as these fees were considered necessary to separate the wet gas stream into its\plain\cf1\f51\fs20\qj sellable \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 21 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb264\cf1\f51\fs20\qj components (i.e., dry gas and individual NGL components). Under ASC 605, third-party processing and transportation companies\plain\cf1\f51\fs20\qj were determined to have control of the commodities being processed and transported. As a result of adopting ASC 606, the\plain\cf1\f51\fs20\qj Company has modified its presentation of revenues and expenses for these arrangements. Revenues related to these agreements\plain\cf1\f51\fs20\qj are now presented on a gross basis for amounts expected to be received from third-party purchasers through the marketing\plain\cf1\f51\fs20\qj process. Gathering, processing and transportation expenses related to these agreements, incurred prior to the transfer of control to\plain\cf1\f51\fs20\qj the purchaser, are now presented as oil and gas production costs.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Disaggregated revenue from contracts with purchasers.\plain\cf1\f51\fs20\qj Revenues on sales of oil, NGLs, gas and purchased oil and gas\plain\cf1\f51\fs20\qj are recognized when control of the product is transferred to the purchaser and payment can be reasonably assured. Sales prices\plain\cf1\f51\fs20\qj for oil, NGL and gas production are negotiated based on factors normally considered in the industry, such as an index or spot\plain\cf1\f51\fs20\qj price, distance from the well to the pipeline or market, commodity quality and prevailing supply and demand conditions. As such,\plain\cf1\f51\fs20\qj the prices of oil, NGLs and gas generally fluctuate based on the relevant market index rates. The following table provides\plain\cf1\f51\fs20\qj information about disaggregated revenue from contracts with purchasers by product type: \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx6478\clvertalc\cellx6703\clvertalc\cellx8361\clvertalc\cellx8586\clvertalc\cellx8691\clvertalc\cellx8916\clvertalc\cellx10574\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx6478\clvertalc\cellx6703\clvertalc\cellx8361\clvertalc\cellx8586\clvertalc\cellx8691\clvertalc\cellx8916\clvertalc\cellx10574\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx6478\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8586\clvertalb\cellx8691\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Three Months Ended\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc June 30, 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Six Months Ended June\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc 30, 2018\cell{ {\trowd\clvertalb\cellx6478\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8586\clvertalb\cellx8691\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh479\row}}} {\trowd\clvertalb\cellx6478\clvertalb\cellx10799\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\clvertalb\cellx6478\clvertalb\cellx10799\trrh232\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6703\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8586\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8916\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Oil sales\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,033\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,046\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6703\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8586\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8916\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx6478\clvertalb\cellx8361\clvertalb\cellx8586\clvertalb\cellx8691\clvertalb\cellx10574\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql NGL sales\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 169\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 334\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6478\clvertalb\cellx8361\clvertalb\cellx8586\clvertalb\cellx8691\clvertalb\cellx10574\clvertalb\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8586\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Gas sales\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 84\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 172\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8586\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx6478\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8361\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8586\clvertalb\cellx8691\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10574\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Total oil and gas sales\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,286\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,552\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6478\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8361\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8586\clvertalb\cellx8691\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10574\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10800\trrh298\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8586\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Sales of purchased oil and gas\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,095\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,166\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx6478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8361\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8586\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10574\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx6478\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6703\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8361\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8586\clvertalb\cellx8691\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8916\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10574\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Total revenue derived from contracts with purchasers\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,381\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 4,718\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx6478\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6703\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8361\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8586\clvertalb\cellx8691\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8916\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10574\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Oil sales\plain\cf1\f51\fs20\qj . Sales under the Company's oil contracts are generally considered performed when the Company sells oil\plain\cf1\f51\fs20\qj production at the wellhead and receives an agreed-upon index price, net of any price differentials. The Company recognizes\plain\cf1\f51\fs20\qj revenue when control transfers to the purchaser at the wellhead based on the net price received.\par\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj NGL and gas sales\plain\cf1\f51\fs20\qj . The Company evaluated whether it was the principal or the agent in natural gas processing\plain\cf1\f51\fs20\qj transactions and concluded that it is the principal when it has the ability to take-in-kind, which is the case in the majority of the\plain\cf1\f51\fs20\qj Company's gas processing and transportation contracts. Therefore, beginning January 1, 2018, the Company began recognizing\plain\cf1\f51\fs20\qj revenue on a gross basis, with the gathering, processing and transportation costs associated with its take-in-kind arrangements\plain\cf1\f51\fs20\qj being recognized as oil and gas production costs in the Company's accompanying consolidated statement of operations. Gas and\plain\cf1\f51\fs20\qj NGL processing fees previously reflected as a reduction in the Company's reported gas and NGL revenue are now recognized as\plain\cf1\f51\fs20\qj an expense in the Company's production costs.\par\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Sales of purchased oil and gas\plain\cf1\f51\fs20\qj . The Company periodically enters into pipeline capacity commitments in order to secure\plain\cf1\f51\fs20\qj available oil, NGL and gas transportation capacity from the Company's areas of production. The Company enters into purchase\plain\cf1\f51\fs20\qj transactions with third parties and separate sale transactions with third parties to diversify a portion of the Company's WTI oil\plain\cf1\f51\fs20\qj sales to the Gulf Coast refinery or international export markets and to satisfy unused pipeline capacity commitments. Revenues\plain\cf1\f51\fs20\qj and expenses from these transactions are presented on a gross basis as the Company acts as a principal in the transaction by\plain\cf1\f51\fs20\qj assuming control of the commodities purchased and the responsibility to deliver the commodities sold. Revenue is recognized\plain\cf1\f51\fs20\qj when control transfers to the purchaser at the delivery point based on the price received from the purchaser. The transportation\plain\cf1\f51\fs20\qj costs associated with these transactions are presented as a component of purchased oil and gas expense. Firm transportation\plain\cf1\f51\fs20\qj payments on excess pipeline capacity are included in other expense in the accompanying consolidated statements of operations.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Performance obligations and contract balances.\plain\cf1\f51\fs20\qj The majority of the Company's product sale commitments are short-term\plain\cf1\f51\fs20\qj in nature with a contract term of one year or less. The Company typically satisfies its performance obligations upon transfer of\plain\cf1\f51\fs20\qj control as described above in\plain\cf1\f51\fs20\i\qj Disaggregated revenue from contracts with purchasers\plain\cf1\f51\fs20\qj and records the related revenue in the\plain\cf1\f51\fs20\qj month production is delivered to the purchaser. Settlement statements for sales of oil, NGLs and gas and sales of purchased oil\plain\cf1\f51\fs20\qj and gas may not be received for 30 to 60 days after the date production is delivered, and as a result, the Company is required to\plain\cf1\f51\fs20\qj estimate the amount of production delivered to the purchaser and the price that will be received for the sale of the product. The\plain\cf1\f51\fs20\qj Company records the differences between estimates and the actual amounts received for product sales in the month that payment\plain\cf1\f51\fs20\qj is received from the purchaser. The implementation of ASC 606 has not changed existing controls around revenue estimates and\plain\cf1\f51\fs20\qj the accrual process. Historically, differences between the Company's revenue estimates and actual revenue received have not been\plain\cf1\f51\fs20\qj significant. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 22 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb264\cf1\f51\fs20\qj As of June 30, 2022 and December 31, 2017, the accounts receivable balance representing amounts due or billable under the\plain\cf1\f51\fs20\qj terms of contracts with purchasers was $799 million and $594 million, respectively.{\*\bkmkstart s729643c3d33e5f0d861f0f30f406bbc}{\*\bkmkend s729643c3d33e5f0d861f0f30f406bbc}\par\pard\plain\sb396\cf1\f51\fs20\b\ql NOTE 12. Interest and Other Income\par\pard\plain\sb132\fi594\cf1\f51\fs20\qj The following table provides the components of the Company's interest and other income for the three and six months\plain\cf1\f51\fs20\qj ended June 30, 2022 and 2017: \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx4907\clvertalc\cellx5239\clvertalc\cellx6248\clvertalc\cellx6374\clvertalc\cellx6480\clvertalc\cellx6765\clvertalc\cellx7779\clvertalc\cellx7905\clvertalc\cellx8009\clvertalc\cellx8135\clvertalc\cellx9134\clvertalc\cellx9260\clvertalc\cellx9366\clvertalc\cellx9651\clvertalc\cellx10665\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx4907\clvertalc\cellx5239\clvertalc\cellx6248\clvertalc\cellx6374\clvertalc\cellx6480\clvertalc\cellx6765\clvertalc\cellx7779\clvertalc\cellx7905\clvertalc\cellx8009\clvertalc\cellx8135\clvertalc\cellx9134\clvertalc\cellx9260\clvertalc\cellx9366\clvertalc\cellx9651\clvertalc\cellx10665\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx4907\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7908\clvertalb\cellx8012\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell{ {\trowd\trqc\clvertalb\cellx4907\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7908\clvertalb\cellx8012\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh479\row}}} {\trowd\trqc\clvertalb\cellx4907\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6375\clvertalb\cellx6481\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7907\clvertalb\cellx8011\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9263\clvertalb\cellx9369\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell{ {\trowd\trqc\clvertalb\cellx4907\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6375\clvertalb\cellx6481\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7907\clvertalb\cellx8011\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9263\clvertalb\cellx9369\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh281\row}}} {\trowd\trqc\clvertalb\cellx4907\clvertalb\cellx10799\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx4907\clvertalb\cellx10799\trrh232\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4907\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5239\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6248\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6374\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6480\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6765\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7779\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8135\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9134\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9260\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9366\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Interest income\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 7\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 10\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 14\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 16\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4907\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5239\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6248\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6374\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6480\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6765\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7779\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8135\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9134\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9260\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9366\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9651\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4907\clvertalb\cellx6248\clvertalb\cellx6374\clvertalb\cellx6480\clvertalb\cellx7779\clvertalb\cellx7905\clvertalb\cellx8009\clvertalb\cellx9134\clvertalb\cellx9260\clvertalb\cellx9366\clvertalb\cellx10665\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Seismic data sales\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 5\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4907\clvertalb\cellx6248\clvertalb\cellx6374\clvertalb\cellx6480\clvertalb\cellx7779\clvertalb\cellx7905\clvertalb\cellx8009\clvertalb\cellx9134\clvertalb\cellx9260\clvertalb\cellx9366\clvertalb\cellx10665\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4907\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6248\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6374\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6480\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7779\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9134\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9260\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9366\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Deferred compensation plan income\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4907\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6248\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6374\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6480\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7779\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9134\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9260\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9366\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4907\clvertalb\cellx6248\clvertalb\cellx6374\clvertalb\cellx6480\clvertalb\cellx7779\clvertalb\cellx7905\clvertalb\cellx8009\clvertalb\cellx9134\clvertalb\cellx9260\clvertalb\cellx9366\clvertalb\cellx10665\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Severance and sales tax refunds\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 5\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 8\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4907\clvertalb\cellx6248\clvertalb\cellx6374\clvertalb\cellx6480\clvertalb\cellx7779\clvertalb\cellx7905\clvertalb\cellx8009\clvertalb\cellx9134\clvertalb\cellx9260\clvertalb\cellx9366\clvertalb\cellx10665\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4907\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6248\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6374\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6480\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7779\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9134\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9260\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9366\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Other income\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4907\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6248\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6374\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6480\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7779\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7905\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8009\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9134\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9260\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9366\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4907\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5239\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6248\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6374\clvertalb\cellx6480\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6765\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7779\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7905\clvertalb\cellx8009\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8135\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9134\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9260\clvertalb\cellx9366\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9651\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10665\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\fi198\cf1\f51\fs20\ql Total interest and other income\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 9\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 16\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 26\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 30\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4907\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5239\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6248\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6374\clvertalb\cellx6480\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6765\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7779\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7905\clvertalb\cellx8009\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8135\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9134\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9260\clvertalb\cellx9366\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9651\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10665\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298\row}}}{\*\bkmkstart s926549959df75d24ac340ac5002242c}{\*\bkmkend s926549959df75d24ac340ac5002242c}\pard\plain\sb396\cf1\f51\fs16\ql \~\plain\cf1\f51\fs20\b\ql NOTE 13. Other Expense\par\pard\plain\sb132\fi594\cf1\f51\fs20\qj The following table provides the components of the Company's other expense for the three and six months ended June\~30,\plain\cf1\f51\fs20\qj 2018 and 2017: \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx5026\clvertalc\cellx5152\clvertalc\cellx6175\clvertalc\cellx6301\clvertalc\cellx6408\clvertalc\cellx6693\clvertalc\cellx7727\clvertalc\cellx7853\clvertalc\cellx7958\clvertalc\cellx8084\clvertalc\cellx9114\clvertalc\cellx9240\clvertalc\cellx9347\clvertalc\cellx9632\clvertalc\cellx10666\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx5026\clvertalc\cellx5152\clvertalc\cellx6175\clvertalc\cellx6301\clvertalc\cellx6408\clvertalc\cellx6693\clvertalc\cellx7727\clvertalc\cellx7853\clvertalc\cellx7958\clvertalc\cellx8084\clvertalc\cellx9114\clvertalc\cellx9240\clvertalc\cellx9347\clvertalc\cellx9632\clvertalc\cellx10666\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx5026\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7856\clvertalb\cellx7961\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell{ {\trowd\trqc\clvertalb\cellx5026\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7856\clvertalb\cellx7961\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh479\row}}} {\trowd\trqc\clvertalb\cellx5026\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6302\clvertalb\cellx6409\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7855\clvertalb\cellx7960\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9243\clvertalb\cellx9350\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell{ {\trowd\trqc\clvertalb\cellx5026\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6302\clvertalb\cellx6409\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7855\clvertalb\cellx7960\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9243\clvertalb\cellx9350\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh281\row}}} {\trowd\trqc\clvertalb\cellx5026\clvertalc\cellx10799\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx5026\clvertalc\cellx10799\trrh232\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5152\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6175\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6301\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6408\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6693\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7727\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7853\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7958\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8084\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9114\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9240\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9347\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10666\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Transportation commitment charges (a)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 44\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 43\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 78\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 82\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5152\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6175\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6301\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6408\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6693\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7727\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7853\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7958\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8084\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9114\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9240\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9347\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9632\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10666\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx5026\clvertalb\cellx6176\clvertalb\cellx6302\clvertalb\cellx6409\clvertalb\cellx7728\clvertalb\cellx7854\clvertalb\cellx7959\clvertalb\cellx9115\clvertalb\cellx9241\clvertalb\cellx9348\clvertalb\cellx10667\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Legal and environmental contingencies\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 10\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx5026\clvertalb\cellx6176\clvertalb\cellx6302\clvertalb\cellx6409\clvertalb\cellx7728\clvertalb\cellx7854\clvertalb\cellx7959\clvertalb\cellx9115\clvertalb\cellx9241\clvertalb\cellx9348\clvertalb\cellx10667\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6176\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6302\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6409\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7728\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7854\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9241\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9348\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10667\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Loss from vertical integration services (b)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 5\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 9\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 11\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6176\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6302\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6409\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7728\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7854\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9241\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9348\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10667\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx5026\clvertalb\cellx6176\clvertalb\cellx6302\clvertalb\cellx6409\clvertalb\cellx7728\clvertalb\cellx7854\clvertalb\cellx7959\clvertalb\cellx9115\clvertalb\cellx9241\clvertalb\cellx9348\clvertalb\cellx10667\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Asset divestiture related charges\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 9\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 9\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx5026\clvertalb\cellx6176\clvertalb\cellx6302\clvertalb\cellx6409\clvertalb\cellx7728\clvertalb\cellx7854\clvertalb\cellx7959\clvertalb\cellx9115\clvertalb\cellx9241\clvertalb\cellx9348\clvertalb\cellx10667\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6176\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6302\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6409\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7728\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7854\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9241\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9348\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10667\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Other\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 13\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 11\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 27\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 19\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6176\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6302\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6409\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7728\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7854\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9115\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9241\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9348\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10667\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx5026\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5152\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6175\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6301\clvertalb\cellx6408\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6693\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7727\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7853\clvertalb\cellx7958\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8084\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9114\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9240\clvertalb\cellx9347\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9632\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10666\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\fi198\cf1\f51\fs20\ql Total other expense\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 76\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 59\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 133\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 119\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx5026\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5152\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6175\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6301\clvertalb\cellx6408\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6693\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7727\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7853\clvertalb\cellx7958\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8084\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9114\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9240\clvertalb\cellx9347\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9632\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10666\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298\row}}}\pard\plain\cf1\f51\fs20\ql \~____________________ \par\pard\plain {\trowd\clvertalc\cellx580\clvertalc\cellx8072\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx580\clvertalc\cellx8072\trrh66\row}}} {\trowd\cellx580\cellx8072\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\qj Primarily represents firm transportation payments on excess pipeline capacity\plain\intbl\cf1\f51\fs20\qj commitments.\cell{ {\trowd\cellx580\cellx8072\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh1732 \pard\plain\intbl\li396\cf1\f51\fs20\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\qj Loss from vertical integration services primarily represents net margins (attributable to third party working interest\plain\intbl\cf1\f51\fs20\qj owners) that result from Company-provided fracture stimulation and well service operations, which are ancillary to and\plain\intbl\cf1\f51\fs20\qj supportive of the Company's oil and gas joint operating activities, and do not represent intercompany transactions. For\plain\intbl\cf1\f51\fs20\qj the three and six months ended June 30, 2018, these vertical integration net margins included $30 million and $65\plain\intbl\cf1\f51\fs20\qj million, respectively, of revenues and $33 million and $74 million, respectively, of costs and expenses. For the same\plain\intbl\cf1\f51\fs20\qj respective periods in 2017, these vertical integration net margins included $23 million and $42 million of revenues and\plain\intbl\cf1\f51\fs20\qj $28 million and $53 million of costs and expenses.\cell{ {\trowd\cellx720\cellx10800\trrh1732\row}}} \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\qc 23 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart sd490fc592f755f20809d84bd7fabb24}{\*\bkmkend sd490fc592f755f20809d84bd7fabb24}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\sb88\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\sb264\cf1\f51\fs20\b\qc NOTES TO CONSOLIDATED FINANCIAL STATEMENTS\par\pard\plain\cf1\f51\fs20\b\qc June 30, 2018\par\pard\plain\cf1\f51\fs20\b\qc (Unaudited) \par\pard\plain\fs16\par\pard\plain\sb396\cf1\f51\fs20\b\ql NOTE\~14. Income Taxes\par\pard\plain\sb132\fi594\cf1\f51\fs20\qj The Company's income tax provision consisted of the following for the three and six months ended June\~30, 2018 and\plain\cf1\f51\fs20\qj 2017: \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx5145\clvertalc\cellx5271\clvertalc\cellx6322\clvertalc\cellx6448\clvertalc\cellx6555\clvertalc\cellx6681\clvertalc\cellx7735\clvertalc\cellx7861\clvertalc\cellx7967\clvertalc\cellx9123\clvertalc\cellx9313\clvertalc\cellx9448\clvertalc\cellx10604\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx5145\clvertalc\cellx5271\clvertalc\cellx6322\clvertalc\cellx6448\clvertalc\cellx6555\clvertalc\cellx6681\clvertalc\cellx7735\clvertalc\cellx7861\clvertalc\cellx7967\clvertalc\cellx9123\clvertalc\cellx9313\clvertalc\cellx9448\clvertalc\cellx10604\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx5145\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7865\clvertalb\cellx7971\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell{ {\trowd\trqc\clvertalb\cellx5145\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7865\clvertalb\cellx7971\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh479\row}}} {\trowd\trqc\clvertalb\cellx5145\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6449\clvertalb\cellx6556\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7864\clvertalb\cellx7970\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9316\clvertalb\cellx9451\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell{ {\trowd\trqc\clvertalb\cellx5145\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6449\clvertalb\cellx6556\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7864\clvertalb\cellx7970\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9316\clvertalb\cellx9451\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh281\row}}} {\trowd\trqc\clvertalb\cellx5145\clvertalb\cellx10799\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx5145\clvertalb\cellx10799\trrh232\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5271\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6322\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6448\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6555\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6681\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7735\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7861\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9123\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9313\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9448\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10604\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Deferred tax provision\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 19\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 121\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 69\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 90\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5145\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5271\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6322\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6448\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6555\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6681\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7735\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7861\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9123\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9313\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9448\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10604\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj For the three and six months ended June 30, 2018, the Company's effective tax rate, excluding income attributable to\plain\cf1\f51\fs20\qj noncontrolling interests, was 23 percent and 22 percent, respectively, as compared to an effective rate of 34 percent and 32\plain\cf1\f51\fs20\qj percent for the same respective periods in 2017. The U.S. statutory rate for the three and six months ended June 30, 2022 was 21\plain\cf1\f51\fs20\qj percent, reflecting the reduction in the federal corporate income tax rate from 35 percent to 21 percent beginning in 2018 as a\plain\cf1\f51\fs20\qj result of the Tax Cuts and Jobs Act that was enacted in December 2017. The Company's effective tax rate for the six months\plain\cf1\f51\fs20\qj ended June 30, 2022 differs from the U.S. statutory rate in effect during 2017 of 35 percent primarily due to recognizing excess\plain\cf1\f51\fs20\qj tax benefits of $8 million associated with the adoption of ASU 2016-09, "Improvements to Employee Share-Based Payment\plain\cf1\f51\fs20\qj Accounting," which requires excess tax benefits or deficiencies associated with the vesting of long-term incentive awards to be\plain\cf1\f51\fs20\qj recorded as income tax expense or benefit in the statement of operations rather than as an adjustment to additional paid-in capital\plain\sa198\cf1\f51\fs20\qj in the balance sheet.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company recognizes the tax benefit from an uncertain tax position only if it is more likely than not that the tax\plain\cf1\f51\fs20\qj position will be sustained upon examination by the taxing authorities based upon the technical merits of the position. As of June\plain\cf1\f51\fs20\qj 30, 2018 and December 31, 2017, the Company had cumulative unrecognized tax benefits of $129 million and $124 million,\plain\cf1\f51\fs20\qj respectively, resulting from research and experimental expenditures related to horizontal drilling and completions innovations.\~If\plain\cf1\f51\fs20\qj all or a portion of the unrecognized tax benefit is sustained upon examination by the taxing authorities, the tax benefit will be\plain\cf1\f51\fs20\qj recognized as a reduction to the Company's deferred tax liability and will affect the Company's effective tax rate in the period it\plain\cf1\f51\fs20\qj is recognized. The timing as to when the Company will substantially resolve the uncertainties associated with the unrecognized\plain\cf1\f51\fs20\qj tax benefit is uncertain.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company files income tax returns in the U.S. federal and various state and foreign jurisdictions. The Internal Revenue\plain\cf1\f51\fs20\qj Service has closed examinations of the 2012 and prior tax years and, with few exceptions, the Company believes that it is no\plain\cf1\f51\fs20\qj longer subject to examinations by state and foreign tax authorities for years before 2012. As of June 30, 2018, no adjustments\plain\cf1\f51\fs20\qj had been proposed in any jurisdiction that would have a significant effect on the Company's liquidity, future results of operations\plain\cf1\f51\fs20\qj or financial position.{\*\bkmkstart sa0771892047d55fdbdf2b2d5f4742de}{\*\bkmkend sa0771892047d55fdbdf2b2d5f4742de}\par\pard\plain\sb396\cf1\f51\fs20\b\ql NOTE 15. Net Income Per Share\par\pard\plain\sb132\fi594\cf1\f51\fs20\qj The following table reconciles the Company's net income attributable to common stockholders to basic and diluted net\plain\cf1\f51\fs20\qj income attributable to common stockholders for the three and six months ended June 30, 2022 and 2017: \par\pard\plain {\trowd\trqc\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10799\trrh66\row}}} {\trowd\trqc\clvertalc\cellx5527\clvertalc\cellx5812\clvertalc\cellx6758\clvertalc\cellx6884\clvertalc\cellx6991\clvertalc\cellx7117\clvertalc\cellx8061\clvertalc\cellx8187\clvertalc\cellx8293\clvertalc\cellx8419\clvertalc\cellx9363\clvertalc\cellx9489\clvertalc\cellx9596\clvertalc\cellx9722\clvertalc\cellx10666\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx5527\clvertalc\cellx5812\clvertalc\cellx6758\clvertalc\cellx6884\clvertalc\cellx6991\clvertalc\cellx7117\clvertalc\cellx8061\clvertalc\cellx8187\clvertalc\cellx8293\clvertalc\cellx8419\clvertalc\cellx9363\clvertalc\cellx9489\clvertalc\cellx9596\clvertalc\cellx9722\clvertalc\cellx10666\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx5527\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8190\clvertalb\cellx8296\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell{ {\trowd\trqc\clvertalb\cellx5527\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8190\clvertalb\cellx8296\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh479\row}}} {\trowd\trqc\clvertalb\cellx5527\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6885\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6992\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8189\clvertalb\cellx8295\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9492\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9599\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell{ {\trowd\trqc\clvertalb\cellx5527\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6885\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6992\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8189\clvertalb\cellx8295\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9492\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9599\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh298\row}}} {\trowd\trqc\clvertalb\cellx5527\clvertalb\cellx10799\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx5527\clvertalb\cellx10799\trrh232\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5527\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5812\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6758\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6884\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6991\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7117\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8061\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8187\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8293\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8419\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9363\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9489\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9596\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9722\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10666\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\fi-198\cf1\f51\fs20\ql Net income attributable to common stockholders\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 66\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 233\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 244\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 191\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5527\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5812\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6758\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6884\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6991\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7117\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8061\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8187\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8293\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8419\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9363\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9489\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9596\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9722\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10666\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx5527\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6759\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6885\clvertalb\cellx6992\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8062\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8188\clvertalb\cellx8294\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9364\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9490\clvertalb\cellx9597\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10667\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Participating share-based earnings\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (2\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (2\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (2\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\cellx5527\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6759\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6885\clvertalb\cellx6992\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8062\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8188\clvertalb\cellx8294\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9364\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9490\clvertalb\cellx9597\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10667\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5527\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5812\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6758\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6884\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6991\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7117\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8061\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8187\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8293\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8419\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9363\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9489\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9596\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9722\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10666\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh529 \pard\plain\intbl\li198\ri22\sb22\fi-198\cf1\f51\fs20\ql Basic and diluted net income attributable to common\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql stockholders\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 66\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 231\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 242\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 189\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5527\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5812\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6758\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6884\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6991\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7117\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8061\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8187\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8293\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8419\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9363\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9489\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9596\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9722\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10666\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh529\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following table is a reconciliation of basic weighted average shares outstanding to diluted weighted average shares\plain\cf1\f51\fs20\qj outstanding for the three and six months ended June 30, 2022 and 2017: \par\pard\plain {\trowd\trqc\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10778\trrh66\row}}} {\trowd\trqc\clvertalc\cellx5054\clvertalc\cellx6191\clvertalc\cellx6381\clvertalc\cellx6516\clvertalc\cellx7672\clvertalc\cellx7862\clvertalc\cellx7967\clvertalc\cellx9104\clvertalc\cellx9294\clvertalc\cellx9429\clvertalc\cellx10585\clvertalc\cellx10778\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx5054\clvertalc\cellx6191\clvertalc\cellx6381\clvertalc\cellx6516\clvertalc\cellx7672\clvertalc\cellx7862\clvertalc\cellx7967\clvertalc\cellx9104\clvertalc\cellx9294\clvertalc\cellx9429\clvertalc\cellx10585\clvertalc\cellx10778\trrh66\row}}} {\trowd\trqc\clvertalb\cellx5054\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7863\clvertalb\cellx7968\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10777\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell{ {\trowd\trqc\clvertalb\cellx5054\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7863\clvertalb\cellx7968\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10777\trrh479\row}}} {\trowd\trqc\clvertalb\cellx5054\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6381\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6516\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7862\clvertalb\cellx7967\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9294\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9429\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10775\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell{ {\trowd\trqc\clvertalb\cellx5054\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6381\clbrdrt\brdrs\brdrcf1\clvertalb\cellx6516\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7862\clvertalb\cellx7967\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9294\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9429\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10775\trrh298\row}}} {\trowd\trqc\clvertalb\cellx5054\clvertalb\cellx10778\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx5054\clvertalb\cellx10778\trrh232\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5054\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6191\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6381\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6516\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7672\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7862\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9104\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9294\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9429\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10585\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\fi-198\cf1\f51\fs20\ql Basic weighted average shares outstanding\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5054\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6191\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6381\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6516\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7672\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7862\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7967\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9104\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9294\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9429\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10585\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh281\row}}} {\trowd\trqc\cellx5054\clvertalb\cellx6191\clvertalb\cellx6381\clvertalb\cellx6516\clvertalb\cellx7672\clvertalb\cellx7862\clvertalb\cellx7967\clvertalb\cellx9104\clvertalb\cellx9294\clvertalb\cellx9429\clvertalb\cellx10585\clvertalb\cellx10778\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Dilution attributable to stock-based compensation awards\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx5054\clvertalb\cellx6191\clvertalb\cellx6381\clvertalb\cellx6516\clvertalb\cellx7672\clvertalb\cellx7862\clvertalb\cellx7967\clvertalb\cellx9104\clvertalb\cellx9294\clvertalb\cellx9429\clvertalb\cellx10585\clvertalb\cellx10778\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5054\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6191\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6381\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6516\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7672\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7862\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7967\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9104\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9294\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9429\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10585\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh298 \pard\plain\intbl\li198\ri22\sb22\sa22\fi-198\cf1\f51\fs20\ql Diluted weighted average shares outstanding\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 171\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 171\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 170\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5054\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6191\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6381\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6516\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7672\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7862\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7967\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9104\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9294\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9429\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10585\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10778\trrh298\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Stock repurchase program\plain\cf1\f51\fs20\qj . In February 2018, the Company's board of directors (the "Board") approved a $100 million\plain\cf1\f51\fs20\qj common stock repurchase program to offset the impact of dilution associated with annual employee stock awards, of which\plain\cf1\f51\fs20\qj $78\~million remained available for use to purchase shares as of June 30, 2018. During the three and six months ended June 30,\plain\cf1\f51\fs20\qj 2018, the Company purchased $5 million and $22 million, respectively, of common stock pursuant to the program.{\*\bkmkstart s8f710e5eee475db2bfd6cb24e9e28f4}{\*\bkmkend s8f710e5eee475db2bfd6cb24e9e28f4}\par\pard\plain\sb396\cf1\f51\fs20\b\qj NOTE 16. Subsequent Events\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj In July 2018, the Company entered in a purchase and sale agreement with an unaffiliated third party to sell its assets in the\plain\cf1\f51\fs20\qj West Panhandle field in Texas for cash proceeds of $201 million, before normal closing adjustments. The assets being sold\plain\cf1\f51\fs20\qj represent all of the Company's interests in the field, including all of its producing wells and the associated infrastructure. The sale\plain\cf1\f51\fs20\qj of the Company's West Panhandle assets is expected to result in a pretax gain of $155 million to $170 million. The transaction is\plain\cf1\f51\fs20\qj expected to close during the third quarter, subject to the satisfaction of customary closing conditions and receipt of specified\plain\cf1\f51\fs20\qj regulatory approvals. \par\pard\plain\fs16 \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 24 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s0342782b81185224af7d98e65a74ef7}{\*\bkmkend s0342782b81185224af7d98e65a74ef7}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16{\*\bkmkstart item_1_3_2}{\*\bkmkend item_1_3_2}\par\pard\plain\cf1\f51\fs20\b\ql Item\~2.\plain\cf1\f51\fs20\b\ql Management's Discussion and Analysis of Financial Condition and Results of Operations{\*\bkmkstart sd66c1dc75dd0507581d27cb1b4d2017}{\*\bkmkend sd66c1dc75dd0507581d27cb1b4d2017}\par\pard\plain\sb396\cf1\f51\fs20\b\ql Financial and Operating Performance\par\pard\plain\sb132\fi528\cf1\f51\fs20\qj The Company's financial and operating performance for the three months ended June 30, 2022 included the following\plain\sa132\cf1\f51\fs20\qj highlights: \par\pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh878 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj Net income attributable to common stockholders for the three months ended June 30, 2022 was $66 million ($0.38 per\plain\intbl\cf1\f51\fs20\qj diluted share), as compared to net income of $233 million ($1.36 per diluted share) for the same period in 2017. The\plain\intbl\cf1\f51\fs20\qj primary components of the decrease in net income attributable to common stockholders include:\cell{ {\trowd\cellx720\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1440\cellx10800\trrh630 \pard\plain\intbl\li1188\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj a $493 million increase in net derivative losses, primarily as a result of changes in forward commodity prices\plain\intbl\cf1\f51\fs20\qj and the Company's portfolio of derivatives;\cell{ {\trowd\cellx1440\cellx10800\trrh630\row}}} \pard\plain {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1440\cellx10800\trrh1125 \pard\plain\intbl\li1188\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj a $115 million decrease in gain on disposition of assets, net, primarily due to recognizing a gain of $194\plain\intbl\cf1\f51\fs20\qj million on the sale of approximately 20,500 acres in the Martin County region of the Permian Basin during the\plain\intbl\cf1\f51\fs20\qj second quarter of 2017 versus recognizing a gain of $78 million on the sale of approximately 10,200 net acres\plain\intbl\cf1\f51\fs20\qj in western portion of the Eagle Ford Shale ("West Eagle Ford Shale") in April 2018;\cell{ {\trowd\cellx1440\cellx10800\trrh1125\row}}} \pard\plain {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1440\cellx10800\trrh1125 \pard\plain\intbl\li1188\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj a $115 million increase in total oil and gas production costs and production and ad valorem taxes, primarily due\plain\intbl\cf1\f51\fs20\qj to a 26 percent increase in sales volumes and a 32 percent increase in average realized commodity prices per\plain\intbl\cf1\f51\fs20\qj BOE (inclusive of the effect of the adoption of ASC 606 as described below in Adoption of New Accounting\plain\intbl\cf1\f51\fs20\qj Standards);\cell{ {\trowd\cellx1440\cellx10800\trrh1125\row}}} \pard\plain {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1440\cellx10800\trrh630 \pard\plain\intbl\li1188\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj a $77 million increase in impairment charges as a result of the impairment recorded in 2018 to reduce the\plain\intbl\cf1\f51\fs20\qj carrying value of the Company's Raton Basin field;\cell{ {\trowd\cellx1440\cellx10800\trrh630\row}}} \pard\plain {\trowd\clvertalc\cellx1329\clvertalc\cellx9550\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1329\clvertalc\cellx9550\trrh66\row}}} {\trowd\cellx1329\cellx9550\trrh630 \pard\plain\intbl\li1188\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj a $37 million increase in DD&A expense, primarily due the aforementioned increase in sales\plain\intbl\cf1\f51\fs20\qj volumes;\cell{ {\trowd\cellx1329\cellx9550\trrh630\row}}} \pard\plain {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1440\cellx10800\trrh630 \pard\plain\intbl\li1188\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj a $17 million increase in other expense, primarily due to increases in legal and environmental contingencies and\plain\intbl\cf1\f51\fs20\qj asset divestiture related charges;\cell{ {\trowd\cellx1440\cellx10800\trrh630\row}}} \pard\plain {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1440\cellx10800\trrh878 \pard\plain\intbl\li1188\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj a $14 million increase in general and administrative expense, primarily due to an increase in compensation\plain\intbl\cf1\f51\fs20\qj costs, including benefits expense, as a result of an increase in headcount due to the Company's continued\plain\intbl\cf1\f51\fs20\qj growth; and\cell{ {\trowd\cellx1440\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1440\cellx10800\trrh630 \pard\plain\intbl\li1188\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj a $7 million decrease in interest and other income, primarily due to a decrease in interest income as a result of\plain\intbl\cf1\f51\fs20\qj a decrease in short-term investments; partially offset by\cell{ {\trowd\cellx1440\cellx10800\trrh630\row}}} \pard\plain {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1440\cellx10800\trrh630 \pard\plain\intbl\li1188\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj a $518 million increase in oil and gas revenues as a result of the aforementioned increase in sales volumes and\plain\intbl\cf1\f51\fs20\qj average realized commodity prices per BOE;\cell{ {\trowd\cellx1440\cellx10800\trrh630\row}}} \pard\plain {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1440\cellx10800\trrh630 \pard\plain\intbl\li1188\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj an $83 million increase in net sales of purchased oil and gas, primarily due to favorable downstream oil\plain\intbl\cf1\f51\fs20\qj margins on the Company's Gulf Coast refinery and export sales; and\cell{ {\trowd\cellx1440\cellx10800\trrh630\row}}} \pard\plain {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1440\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx1440\cellx10800\trrh630 \pard\plain\intbl\li1188\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj a $102 million decrease in the Company's income tax provision as a result of the lower net income during the\plain\intbl\cf1\f51\fs20\qj three months ended June 30, 2018, as compared to the same period in 2017.\cell{ {\trowd\cellx1440\cellx10800\trrh630\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh1125 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj During the three months ended June 30, 2018, average daily sales volumes increased by 26 percent to 327,704 BOEPD,\plain\intbl\cf1\f51\fs20\qj as compared to 259,087 BOEPD during the same period in 2017. The increase in average daily sales volumes for the\plain\intbl\cf1\f51\fs20\qj three months ended June 30, 2018, as compared to the same period in 2017, is primarily due to the Company's\plain\intbl\cf1\f51\fs20\qj successful Spraberry/Wolfcamp horizontal drilling program.\cell{ {\trowd\cellx720\cellx10800\trrh1125\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh1372 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj Average oil and NGL prices increased during the three months ended June 30, 2022 to $61.20 per Bbl and $28.83 per\plain\intbl\cf1\f51\fs20\qj Bbl, respectively, as compared to $45.00 per Bbl and $16.91 per Bbl, respectively, for the same period in 2017. Average\plain\intbl\cf1\f51\fs20\qj gas prices decreased during the three months ended June 30, 2022 to $1.97 per Mcf, as compared to $2.62 per Mcf for\plain\intbl\cf1\f51\fs20\qj the same period in 2017. Pricing is inclusive of the effect of the adoption of ASC 606 as described below in Adoption\plain\intbl\cf1\f51\fs20\qj of New Accounting Standards.\cell{ {\trowd\cellx720\cellx10800\trrh1372\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh0 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj Net cash provided by operating activities increased to $902 million for the three months ended June 30, 2018, as\plain\intbl\cf1\f51\fs20\qj compared to $483 million for the same period in 2017. The $419 million increase in net cash provided by operating\plain\intbl\cf1\f51\fs20\qj activities for the three months ended June 30, 2018, as compared to the same period in 2017, is primarily due to\plain\intbl\cf1\f51\fs20\qj increases in the Company's oil and gas revenues as a result of increases in commodity prices and sales volumes, partially\plain\intbl\cf1\f51\fs20\qj offset by increases in oil and gas production costs, production and ad valorem taxes and cash derivative payments.\cell{ {\trowd\cellx720\cellx10800\trrh0\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\qj As of June 30, 2018, the Company's net debt to book capitalization was six percent, as compared to five percent at\plain\intbl\cf1\f51\fs20\qj December 31, 2017.\cell{ {\trowd\cellx720\cellx10800\trrh495\row}}} \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\qc 25 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16 \par\pard\plain\fs16\par\pard\plain\li66\cf1\f51\fs20\b\qj Adoption of New Accounting Standard\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj On January 1, 2018, the Company adopted Financial Accounting Standards Board ("FASB") Accounting Standards Update\plain\cf1\f51\fs20\qj ("ASU") No. 2014-09 (ASC 606) "Revenue from Contracts with Customers." ASC 606 requires entities to recognize revenue\plain\cf1\f51\fs20\qj when control of the promised goods or services is transferred to customers at an amount that reflects the consideration to which\plain\cf1\f51\fs20\qj the entity expects to be entitled in exchange for those goods or services. As a result of adopting ASC 606, the Company has\plain\cf1\f51\fs20\qj modified its presentation of revenues and expenses for certain processing and transportation contracts that were previously netted\plain\cf1\f51\fs20\qj in oil and gas revenues. Results for reporting periods beginning after January 1, 2022 are presented under ASC 606, while prior\plain\cf1\f51\fs20\qj period amounts are not adjusted and continue to be reported in accordance with historical accounting under ASC 605.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj Changes in oil and gas revenues, gas production volumes and oil and gas production costs (specifically gathering,\plain\cf1\f51\fs20\qj processing and transportation costs) are due to the conclusion under the control model in ASC 606 that the third-party processor\plain\cf1\f51\fs20\qj or transporter is only providing gas processing or transportation services and the Company remains the principal owner of the\plain\cf1\f51\fs20\qj commodity until sold to the ultimate purchaser. This is a change from ASC 605 where the Company historically recorded gas\plain\cf1\f51\fs20\qj processing fees, including gas volumes that were used to satisfy certain costs, as a reduction of revenue and gas production\plain\cf1\f51\fs20\qj volumes recognized by the Company, as these fees and volumes were considered necessary to separate the wet gas stream into its\plain\cf1\f51\fs20\qj sellable components (i.e. dry gas and individual NGL components). Under ASC 605, third-party processing and transportation\plain\cf1\f51\fs20\qj companies were determined to have control of the commodities being processed and transported. As a result, the Company has\plain\cf1\f51\fs20\qj modified its presentation of revenues, production and expenses for these arrangements. Sales to third-party purchasers are now\plain\cf1\f51\fs20\qj presented on a gross basis and gathering, processing, transportation and other expenses related to these agreements, incurred prior\plain\cf1\f51\fs20\qj to the transfer of control to the purchaser, are now presented as oil and gas production costs.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The adoption of ASC 606 as of January 1, 2022 had the following impact on the Company's results of operations for the\plain\cf1\f51\fs20\qj three months ended June 30, 2018: \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx5736\clvertalc\cellx6004\clvertalc\cellx7107\clvertalc\cellx7375\clvertalc\cellx7478\clvertalc\cellx7746\clvertalc\cellx8849\clvertalc\cellx9117\clvertalc\cellx9220\clvertalc\cellx9445\clvertalc\cellx10571\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx5736\clvertalc\cellx6004\clvertalc\cellx7107\clvertalc\cellx7375\clvertalc\cellx7478\clvertalc\cellx7746\clvertalc\cellx8849\clvertalc\cellx9117\clvertalc\cellx9220\clvertalc\cellx9445\clvertalc\cellx10571\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx5736\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7375\clvertalb\cellx7478\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9118\clvertalb\cellx9221\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh702 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc As Reported\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc ASC 605\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc (Without Adoption\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc of ASC 606)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Effect of Change\cell{ {\trowd\trqc\clvertalb\cellx5736\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7375\clvertalb\cellx7478\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9118\clvertalb\cellx9221\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh702\row}}} {\trowd\trqc\clvertalb\cellx5736\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10799\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx5736\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10799\trrh281\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5736\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7375\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9118\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9221\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10797\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Oil and Gas Sales:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5736\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7375\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9118\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9221\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10797\trrh281\row}}} {\trowd\trqc\clvertalb\cellx5736\clvertalb\cellx6004\clvertalb\cellx7107\clvertalb\cellx7375\clvertalb\cellx7478\clvertalb\cellx7746\clvertalb\cellx8849\clvertalb\cellx9117\clvertalb\cellx9220\clvertalb\cellx9445\clvertalb\cellx10571\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Oil sales\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,033\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,033\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5736\clvertalb\cellx6004\clvertalb\cellx7107\clvertalb\cellx7375\clvertalb\cellx7478\clvertalb\cellx7746\clvertalb\cellx8849\clvertalb\cellx9117\clvertalb\cellx9220\clvertalb\cellx9445\clvertalb\cellx10571\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5736\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7375\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8849\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9117\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9220\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10571\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql NGL sales\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 169\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 131\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 38\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5736\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7375\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8849\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9117\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9220\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10571\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\cellx5736\clvertalb\cellx7107\clvertalb\cellx7375\clvertalb\cellx7478\clvertalb\cellx8849\clvertalb\cellx9117\clvertalb\cellx9220\clvertalb\cellx10571\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Gas sales\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 84\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 68\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 16\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5736\clvertalb\cellx7107\clvertalb\cellx7375\clvertalb\cellx7478\clvertalb\cellx8849\clvertalb\cellx9117\clvertalb\cellx9220\clvertalb\cellx10571\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5736\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6004\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7107\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7375\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7478\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7746\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8849\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9117\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9220\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9445\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10571\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Oil and gas sales\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,286\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,232\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 54\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5736\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6004\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7107\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7375\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7478\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7746\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8849\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9117\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9220\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9445\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10571\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\trqc\clvertalb\cellx5736\clvertalb\cellx7375\clvertalb\cellx7478\clvertalb\cellx9118\clvertalb\cellx9221\clvertalb\cellx10797\trrh371 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx5736\clvertalb\cellx7375\clvertalb\cellx7478\clvertalb\cellx9118\clvertalb\cellx9221\clvertalb\cellx10797\trrh371\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5736\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6004\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7375\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7746\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8849\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9117\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9220\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9445\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10571\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Production Costs\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 243\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 189\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 54\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5736\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6004\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7375\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7478\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7746\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8849\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9117\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9220\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9445\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10571\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj See Notes 2 and 11 of Notes to Consolidated Financial Statements in "Item 1. Financial Statements" for additional\plain\cf1\f51\fs20\qj information regarding the Company's adoption of ASC 606.{\*\bkmkstart s7e30bf0a275d516fb227595cfd86b51}{\*\bkmkend s7e30bf0a275d516fb227595cfd86b51}\par\pard\plain\sb396\cf1\f51\fs16\ql \~\plain\cf1\f51\fs20\b\ql Third Quarter 2018 Outlook\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj In February 2018, the Company announced its intention to divest its properties in the South Texas, Raton and West\plain\cf1\f51\fs20\qj Panhandle fields and focus its efforts and capital resources on its Permian Basin assets. The Raton divestiture closed in July 2018\plain\cf1\f51\fs20\qj and the West Panhandle divestiture is expected to close during the third quarter of 2018. As a result, these divestitures will be\plain\cf1\f51\fs20\qj included in the Company's reported third quarter results for a portion of the quarter. The remaining South Texas divestitures are\plain\cf1\f51\fs20\qj expected to occur during the second half of 2018.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj Based on the Company's ongoing divestiture process, it is only providing Permian Basin specific estimates for production,\plain\cf1\f51\fs20\qj production costs and DD&A expense for the quarter ending September 30, 2018. All other operating and financial results for the\plain\cf1\f51\fs20\qj quarter ended September 30, 2021 provided below reflect the expected results of the total Company.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj Permian Basin production is forecasted to average between 278 MBOEPD to 288 MBOEPD. Permian Basin production\plain\cf1\f51\fs20\qj costs (including production and ad valorem taxes and transportation costs) are expected to average $9.50 to $11.50 per BOE,\plain\cf1\f51\fs20\qj reflecting current NYMEX strip commodity prices and the adoption of ASC 606 (see Adoption of New Accounting Standards\plain\cf1\f51\fs20\qj above and Notes 2 and 11 of Notes to Consolidated Financial Statements in "Item 1. Financial Statements" for additional\plain\cf1\f51\fs20\qj information \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 26 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16\par\pard\plain\sb264\cf1\f51\fs20\qj regarding the adoption of ASC 606). Permian Basin DD&A expense, including the Company's other property and equipment, is\plain\cf1\f51\fs20\qj expected to average $12.50 to $14.50 per BOE.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj Total exploration and abandonment expense is expected to be $20 million to $30 million. General and administrative\plain\cf1\f51\fs20\qj expense is expected to be $95 million to $100 million. Interest expense is expected to be $30 million to $35 million, and other\plain\cf1\f51\fs20\qj expense is expected to be $60 million to $70 million, including $45 million to $50 million of charges associated with excess firm\plain\cf1\f51\fs20\qj gathering and transportation commitments. Accretion of discount on asset retirement obligations is expected to be $4 million to\plain\cf1\f51\fs20\qj $7 million.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company's effective income tax rate is expected to range from 21 percent to 25 percent. Current income taxes are\plain\cf1\f51\fs20\qj expected to be less than $5 million.{\*\bkmkstart sa5cd3a64d25e5a58870d7981f4183c7}{\*\bkmkend sa5cd3a64d25e5a58870d7981f4183c7}\par\pard\plain\sb396\cf1\f51\fs20\b\ql Operations and Drilling Highlights\par\pard\plain\sb132\fi594\cf1\f51\fs20\qj The following table summarizes the Company's average daily oil, NGL, gas and total production by asset area during the\plain\cf1\f51\fs20\qj six months ended June 30, 2018: \par\pard\plain {\trowd\trqc\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10799\trrh66\row}}} {\trowd\trqc\clvertalc\cellx4407\clvertalc\cellx5490\clvertalc\cellx5872\clvertalc\cellx5972\clvertalc\cellx7054\clvertalc\cellx7546\clvertalc\cellx7646\clvertalc\cellx8729\clvertalc\cellx9126\clvertalc\cellx9226\clvertalc\cellx10309\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx4407\clvertalc\cellx5490\clvertalc\cellx5872\clvertalc\cellx5972\clvertalc\cellx7054\clvertalc\cellx7546\clvertalc\cellx7646\clvertalc\cellx8729\clvertalc\cellx9126\clvertalc\cellx9226\clvertalc\cellx10309\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx4407\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5872\clvertalb\cellx5972\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7546\clvertalb\cellx7646\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9126\clvertalb\cellx9226\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Oil\~(Bbls)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\b\qc NGLs\~(Bbls)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Gas\~(Mcf)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\b\qc Total\~(BOE)\cell{ {\trowd\trqc\clvertalb\cellx4407\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5872\clvertalb\cellx5972\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7546\clvertalb\cellx7646\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9126\clvertalb\cellx9226\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4407\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5490\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7054\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7646\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8729\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9226\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10309\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Permian Basin\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 172,459\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 53,614\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 265,051\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 270,248\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4407\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5490\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7054\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7646\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8729\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9226\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10309\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\trqc\cellx4407\clvertalb\cellx5490\clvertalb\cellx5872\clvertalb\cellx5972\clvertalb\cellx7054\clvertalb\cellx7546\clvertalb\cellx7646\clvertalb\cellx8729\clvertalb\cellx9126\clvertalb\cellx9226\clvertalb\cellx10309\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql South Texas - Eagle Ford Shale (a)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7,754\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7,315\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 43,371\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 22,297\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4407\clvertalb\cellx5490\clvertalb\cellx5872\clvertalb\cellx5972\clvertalb\cellx7054\clvertalb\cellx7546\clvertalb\cellx7646\clvertalb\cellx8729\clvertalb\cellx9126\clvertalb\cellx9226\clvertalb\cellx10309\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4407\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5490\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7054\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7646\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8729\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10309\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Raton Basin (b)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 82,661\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 13,778\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4407\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5490\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7054\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7646\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8729\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10309\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4407\clvertalb\cellx5490\clvertalb\cellx5872\clvertalb\cellx5972\clvertalb\cellx7054\clvertalb\cellx7546\clvertalb\cellx7646\clvertalb\cellx8729\clvertalb\cellx9126\clvertalb\cellx9226\clvertalb\cellx10309\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql West Panhandle\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1,567\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3,829\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 13,763\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7,690\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4407\clvertalb\cellx5490\clvertalb\cellx5872\clvertalb\cellx5972\clvertalb\cellx7054\clvertalb\cellx7546\clvertalb\cellx7646\clvertalb\cellx8729\clvertalb\cellx9126\clvertalb\cellx9226\clvertalb\cellx10309\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4407\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5490\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7054\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7646\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8729\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10309\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql South Texas - Other (a)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2,225\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 565\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 18,025\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 5,794\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx4407\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5490\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7054\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7646\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8729\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10309\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx4407\clvertalb\cellx5490\clvertalb\cellx5872\clvertalb\cellx5972\clvertalb\cellx7054\clvertalb\cellx7546\clvertalb\cellx7646\clvertalb\cellx8729\clvertalb\cellx9126\clvertalb\cellx9226\clvertalb\cellx10309\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Other\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 9\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 9\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 12\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx4407\clvertalb\cellx5490\clvertalb\cellx5872\clvertalb\cellx5972\clvertalb\cellx7054\clvertalb\cellx7546\clvertalb\cellx7646\clvertalb\cellx8729\clvertalb\cellx9126\clvertalb\cellx9226\clvertalb\cellx10309\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4407\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5490\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7054\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7646\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8729\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9226\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10309\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 184,015\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 65,324\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 422,880\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 319,819\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4407\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5490\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5872\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5972\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7054\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7546\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7646\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8729\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9226\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10309\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}}\pard\plain\cf1\f51\fs20\ql ____________________ \par\pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh990 \pard\plain\intbl\li396\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\qj Includes average daily oil, NGL and gas volumes from January through April 2018 of 510 Bbls of oil, 154 Bbls of\plain\intbl\cf1\f51\fs20\qj NGLs and 1,530 Mcf of gas (total of 920 BOEPD) associated with the acreage and assets in the western portion of the\plain\intbl\cf1\f51\fs20\qj Eagle Ford Shale that were sold in April 2018. See Note 3 of Notes to the Consolidated Financial Statements included\plain\intbl\cf1\f51\fs20\qj in "Item 1. Financial Statements" for additional information about the sale of these assets and liabilities.\cell{ {\trowd\cellx720\cellx10800\trrh990\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh742 \pard\plain\intbl\li396\cf1\f51\fs20\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\qj The Company has classified the Raton Basin assets and liabilities as held for sale in the accompanying consolidated\plain\intbl\cf1\f51\fs20\qj balance sheet as of June 30, 2018. See Note 3 of Notes to Consolidated Financial Statements included in "Item 1.\plain\intbl\cf1\f51\fs20\qj Financial Statements" for additional information about the Company's sale of its Raton Basin assets.\cell{ {\trowd\cellx720\cellx10800\trrh742\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company's liquids production increased to 78 percent of total production on a BOE basis for the six months ended\plain\cf1\f51\fs20\qj June 30, 2018, as compared to 77 percent for the same period last year.\par\pard\plain\sb264\fi594\cf1\f51\fs16\qj \~\plain\cf1\f51\fs20\qj The following table summarizes by geographic area the Company's finding and development costs incurred during the six\plain\cf1\f51\fs20\qj months ended June 30, 2018:\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx10794\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10794\cellx10799\trrh66\row}}} {\trowd\clvertalc\cellx2345\clvertalc\cellx2677\clvertalc\cellx3421\clvertalc\cellx3610\clvertalc\cellx3738\clvertalc\cellx4070\clvertalc\cellx4814\clvertalc\cellx5077\clvertalc\cellx5171\clvertalc\cellx5484\clvertalc\cellx6277\clvertalc\cellx6590\clvertalc\cellx6684\clvertalc\cellx7027\clvertalc\cellx7775\clvertalc\cellx8118\clvertalc\cellx8212\clvertalc\cellx8544\clvertalc\cellx9288\clvertalc\cellx9613\clvertalc\cellx9707\clvertalc\cellx9850\clvertalc\cellx10643\clvertalc\cellx10786\cellx10791\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx2345\clvertalc\cellx2677\clvertalc\cellx3421\clvertalc\cellx3610\clvertalc\cellx3738\clvertalc\cellx4070\clvertalc\cellx4814\clvertalc\cellx5077\clvertalc\cellx5171\clvertalc\cellx5484\clvertalc\cellx6277\clvertalc\cellx6590\clvertalc\cellx6684\clvertalc\cellx7027\clvertalc\cellx7775\clvertalc\cellx8118\clvertalc\cellx8212\clvertalc\cellx8544\clvertalc\cellx9288\clvertalc\cellx9613\clvertalc\cellx9707\clvertalc\cellx9850\clvertalc\cellx10643\clvertalc\cellx10786\cellx10791\trrh66\row}}} {\trowd\clvertalb\cellx2345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5079\clvertalb\cellx5173\clvertalb\clvmgf\cellx6593\clvertalb\cellx6687\clvertalb\clvmgf\cellx8121\clvertalb\cellx8215\clvertalb\clvmgf\cellx9616\clvertalb\cellx9710\clvertalb\clvmgf\cellx10789\cellx10794\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs18\b\qc Acquisition Costs\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Exploration\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Costs\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Development\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Costs\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Asset\par\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Retirement\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc Obligations\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Total\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx2345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5079\clvertalb\cellx5173\clvertalb\clvmgf\cellx6593\clvertalb\cellx6687\clvertalb\clvmgf\cellx8121\clvertalb\cellx8215\clvertalb\clvmgf\cellx9616\clvertalb\cellx9710\clvertalb\clvmgf\cellx10789\cellx10794\trrh281\row}}} {\trowd\clvertalb\cellx2345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3611\clvertalb\cellx3739\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5078\clvertalb\cellx5172\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx6592\clvertalb\cellx6686\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx8120\clvertalb\cellx8214\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx9615\clvertalb\cellx9709\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx10788\clvertalc\cellx10789\clvertalc\cellx10790\clvertalc\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Proved\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Unproved\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx2345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3611\clvertalb\cellx3739\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5078\clvertalb\cellx5172\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx6592\clvertalb\cellx6686\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx8120\clvertalb\cellx8214\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx9615\clvertalb\cellx9709\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx10788\clvertalc\cellx10789\clvertalc\cellx10790\clvertalc\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx2345\clvertalb\cellx10793\clvertalc\cellx10794\clvertalc\cellx10795\clvertalc\cellx10800\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx2345\clvertalb\cellx10793\clvertalc\cellx10794\clvertalc\cellx10795\clvertalc\cellx10800\trrh232\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2677\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3421\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4070\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4814\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5077\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5171\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5484\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6277\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6590\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6684\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7027\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8118\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9288\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9613\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9707\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9850\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10643\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10786\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10787\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10788\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Permian Basin\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 18\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,256\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 414\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,691\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2677\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3421\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4070\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4814\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5077\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5171\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5484\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6277\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6590\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6684\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7027\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8118\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8544\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9288\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9613\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9707\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9850\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10643\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10786\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10787\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10788\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx2345\clvertalb\cellx3421\clvertalb\cellx3610\clvertalb\cellx3738\clvertalb\cellx4814\clvertalb\cellx5077\clvertalb\cellx5171\clvertalb\cellx6277\clvertalb\cellx6590\clvertalb\cellx6684\clvertalb\cellx7775\clvertalb\cellx8118\clvertalb\cellx8212\clvertalb\cellx9288\clvertalb\cellx9613\clvertalb\cellx9707\clvertalb\cellx10643\clvertalb\cellx10786\clvertalc\cellx10787\clvertalc\cellx10788\clvertalc\cellx10800\trrh529 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\ql South Texas - Eagle Ford\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\ql Shale\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 13\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 13\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx2345\clvertalb\cellx3421\clvertalb\cellx3610\clvertalb\cellx3738\clvertalb\cellx4814\clvertalb\cellx5077\clvertalb\cellx5171\clvertalb\cellx6277\clvertalb\cellx6590\clvertalb\cellx6684\clvertalb\cellx7775\clvertalb\cellx8118\clvertalb\cellx8212\clvertalb\cellx9288\clvertalb\cellx9613\clvertalb\cellx9707\clvertalb\cellx10643\clvertalb\cellx10786\clvertalc\cellx10787\clvertalc\cellx10788\clvertalc\cellx10800\trrh529\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3421\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4814\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5077\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5171\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6277\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6590\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6684\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8118\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9288\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9613\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9707\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10643\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10786\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10787\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10788\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Raton Basin\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3421\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4814\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5077\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5171\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6277\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6590\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6684\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8118\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9288\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9613\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9707\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10643\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10786\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10787\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10788\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx2345\clvertalb\cellx3421\clvertalb\cellx3610\clvertalb\cellx3738\clvertalb\cellx4814\clvertalb\cellx5077\clvertalb\cellx5171\clvertalb\cellx6277\clvertalb\cellx6590\clvertalb\cellx6684\clvertalb\cellx7775\clvertalb\cellx8118\clvertalb\cellx8212\clvertalb\cellx9288\clvertalb\cellx9613\clvertalb\cellx9707\clvertalb\cellx10643\clvertalb\cellx10786\clvertalc\cellx10787\clvertalc\cellx10788\clvertalc\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql West Panhandle\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx2345\clvertalb\cellx3421\clvertalb\cellx3610\clvertalb\cellx3738\clvertalb\cellx4814\clvertalb\cellx5077\clvertalb\cellx5171\clvertalb\cellx6277\clvertalb\cellx6590\clvertalb\cellx6684\clvertalb\cellx7775\clvertalb\cellx8118\clvertalb\cellx8212\clvertalb\cellx9288\clvertalb\cellx9613\clvertalb\cellx9707\clvertalb\cellx10643\clvertalb\cellx10786\clvertalc\cellx10787\clvertalc\cellx10788\clvertalc\cellx10800\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3421\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4814\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5077\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5171\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6277\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6590\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6684\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8118\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9288\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9613\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9707\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10643\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10786\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10787\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10788\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Other\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2345\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3421\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4814\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5077\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5171\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6277\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6590\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6684\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7775\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8118\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8212\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9288\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9613\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9707\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10643\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10786\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10787\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10788\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx2345\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx2677\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3421\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3610\clvertalb\cellx3738\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4070\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4814\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5077\clvertalb\cellx5171\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5484\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6277\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6590\clvertalb\cellx6684\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7027\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7775\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8118\clvertalb\cellx8212\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8544\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9288\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9613\clvertalb\cellx9707\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9850\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10643\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10786\clvertalc\cellx10787\clvertalc\cellx10788\clvertalc\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\fi198\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 18\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,259\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 429\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1,709\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx2345\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx2677\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3421\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3610\clvertalb\cellx3738\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4070\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4814\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5077\clvertalb\cellx5171\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5484\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6277\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6590\clvertalb\cellx6684\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7027\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7775\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8118\clvertalb\cellx8212\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8544\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9288\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9613\clvertalb\cellx9707\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9850\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10643\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10786\clvertalc\cellx10787\clvertalc\cellx10788\clvertalc\cellx10800\trrh298\row}}}\pard\plain\sb176\fi792\cf1\f51\fs20\ql The following table summarizes the Company's development and exploration/extension drilling activities for the six\plain\cf1\f51\fs20\ql months ended June 30, 2018:\plain\cf1\f51\fs18\ql \~ \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx2345\clvertalc\cellx3539\clvertalc\cellx3981\clvertalc\cellx4081\clvertalc\cellx5227\clvertalc\cellx5452\clvertalc\cellx5552\clvertalc\cellx6738\clvertalc\cellx7143\clvertalc\cellx7243\clvertalc\cellx8450\clvertalc\cellx8955\clvertalc\cellx9055\clvertalc\cellx10267\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx2345\clvertalc\cellx3539\clvertalc\cellx3981\clvertalc\cellx4081\clvertalc\cellx5227\clvertalc\cellx5452\clvertalc\cellx5552\clvertalc\cellx6738\clvertalc\cellx7143\clvertalc\cellx7243\clvertalc\cellx8450\clvertalc\cellx8955\clvertalc\cellx9055\clvertalc\cellx10267\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx2345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh257 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs18\b\qc Development Drilling\cell{ {\trowd\clvertalb\cellx2345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh257\row}}} {\trowd\clvertalb\cellx2345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3981\clvertalb\cellx4081\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5452\clvertalb\cellx5552\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7143\clvertalb\cellx7243\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8955\clvertalb\cellx9055\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Beginning Wells\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc in\~Progress\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Wells\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Spud\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Successful\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Wells\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Unsuccessful\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Wells\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Ending\~Wells\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc in\~Progress\cell{ {\trowd\clvertalb\cellx2345\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3981\clvertalb\cellx4081\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5452\clvertalb\cellx5552\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7143\clvertalb\cellx7243\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8955\clvertalb\cellx9055\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh479\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2345\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3539\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3981\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4081\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5227\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5452\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5552\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6738\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7143\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7243\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8450\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8955\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9055\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10267\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Permian Basin\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 14\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 14\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 14\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 13\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2345\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3539\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3981\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4081\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5227\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5452\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5552\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6738\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7143\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7243\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8450\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8955\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9055\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10267\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}}\pard\plain\sb154\cf1\f51\fs18\ql \~ \par\pard\plain {\trowd\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10799\trrh66\row}}} {\trowd\clvertalc\cellx2208\clvertalc\cellx3368\clvertalc\cellx4005\clvertalc\cellx4130\clvertalc\cellx5298\clvertalc\cellx5523\clvertalc\cellx5648\clvertalc\cellx6816\clvertalc\cellx7221\clvertalc\cellx7346\clvertalc\cellx8514\clvertalc\cellx9019\clvertalc\cellx9144\clvertalc\cellx10269\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx2208\clvertalc\cellx3368\clvertalc\cellx4005\clvertalc\cellx4130\clvertalc\cellx5298\clvertalc\cellx5523\clvertalc\cellx5648\clvertalc\cellx6816\clvertalc\cellx7221\clvertalc\cellx7346\clvertalc\cellx8514\clvertalc\cellx9019\clvertalc\cellx9144\clvertalc\cellx10269\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx2208\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh257 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs18\b\qc Exploration/Extension Drilling\cell{ {\trowd\clvertalb\cellx2208\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh257\row}}} {\trowd\clvertalb\cellx2208\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4005\clvertalb\cellx4130\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5523\clvertalb\cellx5648\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7221\clvertalb\cellx7346\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9019\clvertalb\cellx9144\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Beginning\~Wells\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc in Progress\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Wells\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Spud\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Successful\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Wells\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Unsuccessful\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Wells\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Ending\~Wells\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc in Progress\cell{ {\trowd\clvertalb\cellx2208\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4005\clvertalb\cellx4130\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5523\clvertalb\cellx5648\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7221\clvertalb\cellx7346\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9019\clvertalb\cellx9144\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh479\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2208\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3368\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4005\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4130\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5298\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5523\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5648\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6816\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7221\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7346\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8514\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9019\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10269\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Permian Basin\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 125\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 139\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 118\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 145\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2208\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3368\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4005\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4130\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5298\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5523\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5648\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6816\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7221\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7346\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8514\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9019\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10269\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\cellx2208\clvertalb\cellx3368\clvertalb\cellx4005\clvertalb\cellx4130\clvertalb\cellx5298\clvertalb\cellx5523\clvertalb\cellx5648\clvertalb\cellx6816\clvertalb\cellx7221\clvertalb\cellx7346\clvertalb\cellx8514\clvertalb\cellx9019\clvertalb\cellx9144\clvertalb\cellx10269\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\ql South Texas - Eagle\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\ql Ford Shale\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 8\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx2208\clvertalb\cellx3368\clvertalb\cellx4005\clvertalb\cellx4130\clvertalb\cellx5298\clvertalb\cellx5523\clvertalb\cellx5648\clvertalb\cellx6816\clvertalb\cellx7221\clvertalb\cellx7346\clvertalb\cellx8514\clvertalb\cellx9019\clvertalb\cellx9144\clvertalb\cellx10269\clvertalb\cellx10800\trrh529\row}}} 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\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql West Panhandle\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx2208\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3368\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4005\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4130\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5298\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5523\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5648\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6816\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7221\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7346\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8514\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9019\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9144\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10269\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\cellx2208\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3368\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4005\clvertalb\cellx4130\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5298\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5523\clvertalb\cellx5648\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6816\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7221\clvertalb\cellx7346\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8514\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9019\clvertalb\cellx9144\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10269\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 136\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 139\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 119\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 153\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx2208\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3368\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4005\clvertalb\cellx4130\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5298\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5523\clvertalb\cellx5648\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6816\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7221\clvertalb\cellx7346\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8514\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9019\clvertalb\cellx9144\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10269\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Permian Basin area.\plain\cf1\f51\fs20\qj The Company is currently operating 20 rigs in the Spraberry/Wolfcamp field and expects to place on\plain\cf1\f51\fs20\qj production in 2018 between 250 and 275 horizontal wells (200 to 225 horizontal wells in the northern portion of the play and \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 27 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16\par\pard\plain\sb264\cf1\f51\fs20\qj approximately 50 horizontal wells in the southern portion of the play). Approximately 60 percent of the horizontal wells are\plain\cf1\f51\fs20\qj planned to be drilled in the Wolfcamp B interval, 25 percent in the Wolfcamp A interval and the remaining 15 percent will be a\plain\cf1\f51\fs20\qj combination of wells in the Spraberry Shale intervals (Jo Mill, Lower Spraberry and Middle Spraberry) and a limited appraisal\plain\cf1\f51\fs20\qj program for the Clearfork and Wolfcamp D intervals. The Company's 2018 appraisal program includes appraising: (i) its first\plain\cf1\f51\fs20\qj Clearfork horizontal well (located in Midland County), (ii) seven wells in the Jo Mill and Middle Spraberry intervals in\plain\cf1\f51\fs20\qj conjunction with nine Lower Spraberry Shale wells to determine an optimal development strategy for the Spraberry formation\plain\cf1\f51\fs20\qj (testing different spacing, staggering, sequencing, and completion design) and (iii) three Wolfcamp D interval wells. The\plain\cf1\f51\fs20\qj Company placed on production 45 higher intensity completions during the first half of 2018. Based on strong well results from\plain\cf1\f51\fs20\qj the higher intensity completion wells placed on production in 2017 and 2018, the Company expects to add 60 more higher\plain\cf1\f51\fs20\qj intensity completions to its capital program during the second half of 2018. Additionally, the Company plans to add two\plain\cf1\f51\fs20\qj additional rigs in August and two during the fourth quarter of 2018 in support of the 2019 plan.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj During the first half of 2018, oil prices have steadily increased, which has led to higher industry activity levels in the\plain\cf1\f51\fs20\qj Permian Basin. As a result, the Company has experienced cost inflation in labor, fuel, mud, chemicals, wireline and steel costs.\plain\cf1\f51\fs20\qj Furthermore, the industry activity levels in the Permian Basin are also leading to a tight labor market for the Company's service\plain\cf1\f51\fs20\qj providers, resulting in less experienced personnel performing services for the Company.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj \~As a result of the (i) additional higher intensity completions being added to the second half of 2018, (ii) drilling rig\plain\cf1\f51\fs20\qj additions in the second half of 2018 to support its 2019 plan and (iii) inflationary pressures associated with the current\plain\cf1\f51\fs20\qj commodity price environment, the Company has increased its 2018 capital budget from $2.9 billion to $3.3 billion to $3.4\~billion\plain\cf1\f51\fs20\qj (excluding acquisitions, asset retirement obligations, capitalized interest, geological and geophysical general and administrative\plain\cf1\f51\fs20\qj costs and information technology system upgrades).\~The Company expects to fund the capital budget increase from forecasted\plain\cf1\f51\fs20\qj cash flow (based on current NYMEX forward commodity prices) and proceeds from asset divestitures.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj During the first six months of 2018, the Company successfully completed 105 horizontal wells in the northern portion of\plain\cf1\f51\fs20\qj the play and 27 horizontal wells in the southern portion of the play. In the northern portion of the play, approximately 50 percent\plain\cf1\f51\fs20\qj of wells placed on production were Wolfcamp B interval wells, approximately 45 percent were Wolfcamp A interval wells and\plain\cf1\f51\fs20\qj the remaining 5 percent were primarily Lower Spraberry Shale wells. In the southern portion of the play, approximately 70\plain\cf1\f51\fs20\qj percent of the wells placed on production were Wolfcamp B interval wells, approximately 20 percent were Wolfcamp A interval\plain\cf1\f51\fs20\qj wells and the remaining 10 percent were Wolfcamp D interval wells.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company continues to utilize its integrated services to control well costs and operating costs and to support the\plain\cf1\f51\fs20\qj execution of its drilling and production activities in the Spraberry/Wolfcamp field. During the six months ended June 30, 2018,\plain\cf1\f51\fs20\qj the Company utilized six of its eight Company-owned fracture stimulation fleets to support its drilling operations in the\plain\cf1\f51\fs20\qj Spraberry/Wolfcamp field. The Company also owns other field service equipment that supports its drilling and production\plain\cf1\f51\fs20\qj operations, including pulling units, fracture stimulation tanks, water transport trucks, hot oilers, blowout preventers, construction\plain\cf1\f51\fs20\qj equipment and fishing tools.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company's sand mine in Brady, Texas, which is strategically located within close proximity (approximately 190 miles)\plain\cf1\f51\fs20\qj of the Spraberry/Wolfcamp field, provides a secure sand source for the Company's horizontal drilling program. In addition,\plain\cf1\f51\fs20\qj Pioneer has signed a contract for its initial offtake of sand sourced in West Texas where significant new sand supplies are\plain\cf1\f51\fs20\qj expected to be available in 2018. The Company is evaluating additional contracts for lower cost sand sourced in West Texas.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company continues to pursue initiatives to improve drilling and completion efficiencies and reduce costs. The\plain\cf1\f51\fs20\qj Company's long-term growth plan also continues to focus on optimizing the development of the field and addressing the future\plain\cf1\f51\fs20\qj requirements for water sourcing and disposal, field infrastructure, gas processing, pipeline takeaway capacity for its products,\plain\cf1\f51\fs20\qj oilfield services, tubulars, electricity, buildings and roads.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company has entered into firm pipeline commitments to deliver over 90 percent of its current Permian Basin oil\plain\cf1\f51\fs20\qj production to the Gulf Coast for sale into the refinery and export markets. Pioneer's oil volumes under these firm transportation\plain\cf1\f51\fs20\qj contracts increase through early 2021 commensurate with the Company's forecasted Permian Basin oil production growth. During\plain\cf1\f51\fs20\qj the second quarter of 2018, the Company delivered 165 thousand barrels per day ("MBOPD") to the Gulf Coast, with 103\plain\cf1\f51\fs20\qj MBOPD being exported. These firm pipeline contracts insulate Pioneer from the recent widening of the Midland-Cushing oil\plain\cf1\f51\fs20\qj price basis differential by selling into markets based on Brent-related pricing. As a result of this pricing benefit, Gulf Coast\plain\cf1\f51\fs20\qj refinery and export sales added $86 million of incremental cash flow in the first half of 2018.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company also remains well positioned to move its Permian Basin gas production. Approximately 75 percent of\plain\cf1\f51\fs20\qj Pioneer\u8217?s Midland Basin gas production is transported under firm pipeline transportation agreements tied to the southern\plain\cf1\f51\fs20\qj California gas price index. The remainder is primarily sold under term contracts in the Waha market. Additional firm pipeline\plain\cf1\f51\fs20\qj transportation has been secured on a third-party pipeline to the Gulf Coast, which is anticipated to be placed into service early in\plain\cf1\f51\fs20\qj the fourth quarter of 2019. Firm transportation on this pipeline will provide access to LNG exports, refineries, petrochemical\plain\cf1\f51\fs20\qj facilities and Mexican markets. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 28 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16\par\pard\plain\sb264\cf1\f51\fs20\i\qj Asset Divestitures. \par\pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh1238 \pard\plain\intbl\li396\cf1\f51\fs20\i\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\i\qj South Texas area.\plain\intbl\cf1\f51\fs20\qj In February 2018, the Company announced its intention to divest its properties in South Texas. In\plain\intbl\cf1\f51\fs20\qj April 2018, the Company completed the sale of its West Eagle Ford Shale assets to an unaffiliated third party for cash\plain\intbl\cf1\f51\fs20\qj proceeds of $103 million, before normal closing adjustments. The sale resulted in a gain of $78 million. See Note 3 of\plain\intbl\cf1\f51\fs20\qj Notes to the Consolidated Financial Statements included in "Item 1. Financial Statements" for additional information\plain\intbl\cf1\f51\fs20\qj about the Company's sale of its West Eagle Ford Shale assets.\cell{ {\trowd\cellx720\cellx10800\trrh1238\row}}}\pard\plain\li792\sb264\cf1\f51\fs20\qj The Company's remaining position in South Texas and in the Eagle Ford Shale is approximately 59,000 net acres, all of\plain\li792\cf1\f51\fs20\qj which is held by production. The Company expects to divest of these assets in 2018. No assurance can be given that the\plain\li792\cf1\f51\fs20\qj sales will be completed in accordance with the Company's plan or on terms and at prices acceptable to the Company. \par\pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh1732 \pard\plain\intbl\li396\cf1\f51\fs20\i\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\i\qj Raton Basin.\plain\intbl\cf1\f51\fs20\qj In June 2018, the Company entered into a purchase and sale agreement with an unaffiliated third party to\plain\intbl\cf1\f51\fs20\qj sell all of its assets in the Raton Basin for cash proceeds of $79 million, before normal closing adjustments. Associated\plain\intbl\cf1\f51\fs20\qj with the sale, the Company recorded a noncash impairment charge of $77 million during June 2018 to reduce the\plain\intbl\cf1\f51\fs20\qj carrying value of its Raton Basin assets to their estimated fair value less costs to sell. The Company classified its Raton\plain\intbl\cf1\f51\fs20\qj Basin assets and liabilities as held for sale in the accompanying consolidated balance sheet as of June 30, 2018. The sale\plain\intbl\cf1\f51\fs20\qj was completed in July 2018. See Note 3 of Notes to the Consolidated Financial Statements included in "Item 1.\plain\intbl\cf1\f51\fs20\qj Financial Statements" for additional information about the Company's sale of its Raton Basin assets.\cell{ {\trowd\cellx720\cellx10800\trrh1732\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh1980 \pard\plain\intbl\li396\cf1\f51\fs20\i\ql \u8226?\cell\pard\plain\intbl\cf1\f51\fs20\i\qj West Panhandle area.\plain\intbl\cf1\f51\fs20\qj In July 2018, the Company entered in a purchase and sale agreement with an unaffiliated third\plain\intbl\cf1\f51\fs20\qj party to sell its assets in the West Panhandle field in Texas for cash proceeds of $201 million, before normal closing\plain\intbl\cf1\f51\fs20\qj adjustments. The assets being sold represent all of Pioneer\u8217?s interests in the field, including all of its producing\plain\intbl\cf1\f51\fs20\qj wells and the associated infrastructure. The sale of the Company's West Panhandle assets is expected to result in a pretax\plain\intbl\cf1\f51\fs20\qj gain of $155 million to $170 million. The transaction is expected to close during the third quarter, subject to the\plain\intbl\cf1\f51\fs20\qj satisfaction of customary closing conditions and receipt of specified regulatory approvals. See Note 16 of Notes to the\plain\intbl\cf1\f51\fs20\qj Consolidated Financial Statements included in "Item 1. Financial Statements" for additional information about the\plain\intbl\cf1\f51\fs20\qj Company's sale of its West Panhandle assets.\cell{ {\trowd\cellx720\cellx10800\trrh1980\row}}}{\*\bkmkstart s8ae5aee4adc4533d839a2b00c8f6cd0}{\*\bkmkend s8ae5aee4adc4533d839a2b00c8f6cd0}\pard\plain\sb396\cf1\f51\fs20\b\ql Results of Operations\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Oil and gas revenues.\plain\cf1\f51\fs20\qj Oil and gas revenues totaled $1.3 billion and $2.6 billion for the three and six months ended June\plain\cf1\f51\fs20\qj 30, 2018, respectively, as compared to $768 million and $1.6 billion for the same respective periods in 2017.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The increase in oil and gas revenues during the three months ended June 30, 2018, as compared to the same period in\plain\cf1\f51\fs20\qj 2017, is primarily due to increases of 36 percent and 70 percent in oil and NGL prices, respectively, and increases of 26 percent,\plain\cf1\f51\fs20\qj 21 percent and 32 percent in daily oil, NGL and gas sales volumes, respectively, partially offset by a 25 percent decrease in gas\plain\cf1\f51\fs20\qj prices. The increase in oil and gas revenues during the six months ended June 30, 2018, as compared to the same period in\plain\cf1\f51\fs20\qj 2017, is primarily due to increases of 31 percent and 57 percent in oil and NGL prices, respectively, and increases of 26 percent,\plain\cf1\f51\fs20\qj 30 percent and 22 percent in daily oil, NGL and gas sales volumes, respectively, partially offset by a 17 percent decrease in gas\plain\cf1\f51\fs20\qj prices. Realized prices are inclusive of the effect of the adoption of ASC 606 as described above in Adoption of New Accounting\plain\cf1\f51\fs20\qj Standards.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following table provides average daily sales volumes for the three and six months ended June 30, 2022 and 2017:\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx5030\clvertalc\cellx6188\clvertalc\cellx6378\clvertalc\cellx6513\clvertalc\cellx7671\clvertalc\cellx7861\clvertalc\cellx7966\clvertalc\cellx9124\clvertalc\cellx9314\clvertalc\cellx9449\clvertalc\cellx10607\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx5030\clvertalc\cellx6188\clvertalc\cellx6378\clvertalc\cellx6513\clvertalc\cellx7671\clvertalc\cellx7861\clvertalc\cellx7966\clvertalc\cellx9124\clvertalc\cellx9314\clvertalc\cellx9449\clvertalc\cellx10607\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx5030\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7861\clvertalb\cellx7966\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell{ {\trowd\trqc\clvertalb\cellx5030\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7861\clvertalb\cellx7966\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh479\row}}} {\trowd\trqc\clvertalb\cellx5030\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6378\clvertalb\cellx6513\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7861\clvertalb\cellx7966\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9314\clvertalb\cellx9449\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell{ {\trowd\trqc\clvertalb\cellx5030\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6378\clvertalb\cellx6513\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7861\clvertalb\cellx7966\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9314\clvertalb\cellx9449\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5030\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6188\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6378\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6513\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7671\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7861\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7966\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9124\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9449\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10607\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Oil (Bbls)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 185,495\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 146,884\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 184,015\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 146,255\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5030\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6188\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6378\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6513\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7671\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7861\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7966\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9124\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9449\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10607\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx5030\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6188\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6378\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6513\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7671\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7861\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7966\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9124\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9314\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9449\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10607\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql NGLs (Bbls)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 64,473\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 53,268\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 65,324\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 50,066\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx5030\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6188\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6378\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6513\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7671\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7861\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7966\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9124\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9314\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9449\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10607\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6188\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6378\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6513\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7861\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7966\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9124\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9449\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10607\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Gas (Mcf)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 466,414\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 353,612\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 422,880\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 346,149\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5030\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6188\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6378\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6513\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7671\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7861\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7966\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9124\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9314\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9449\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10607\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx5030\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6188\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6378\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6513\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7671\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7861\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7966\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9124\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9314\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9449\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10607\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\fi198\cf1\f51\fs20\ql Total (BOEs)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 327,704\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 259,087\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 319,819\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 254,012\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx5030\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6188\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6378\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx6513\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7671\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7861\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx7966\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9124\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9314\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx9449\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10607\clvertalb\clshdng100\clcfpat7\clcbpat7\cellx10800\trrh281\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj Average daily BOE sales volumes increased by 26 percent for both the three and six months ended June 30, 2018,\plain\cf1\f51\fs20\qj respectively, as compared to the same respective periods in 2017, principally due to the Company's successful\plain\cf1\f51\fs20\qj Spraberry/Wolfcamp horizontal drilling program. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 29 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The oil, NGL and gas prices that the Company reports are based on the market prices received for each commodity. The\plain\cf1\f51\fs20\qj following table provides the Company's average prices for the three and six months ended June 30, 2022 and 2017:\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx5194\clvertalc\cellx5320\clvertalc\cellx6387\clvertalc\cellx6513\clvertalc\cellx6620\clvertalc\cellx6746\clvertalc\cellx7813\clvertalc\cellx7939\clvertalc\cellx8046\clvertalc\cellx8172\clvertalc\cellx9239\clvertalc\cellx9365\clvertalc\cellx9472\clvertalc\cellx9598\clvertalc\cellx10665\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx5194\clvertalc\cellx5320\clvertalc\cellx6387\clvertalc\cellx6513\clvertalc\cellx6620\clvertalc\cellx6746\clvertalc\cellx7813\clvertalc\cellx7939\clvertalc\cellx8046\clvertalc\cellx8172\clvertalc\cellx9239\clvertalc\cellx9365\clvertalc\cellx9472\clvertalc\cellx9598\clvertalc\cellx10665\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx5194\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7943\clvertalb\cellx8050\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell{ {\trowd\trqc\clvertalb\cellx5194\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7943\clvertalb\cellx8050\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh479\row}}} {\trowd\trqc\clvertalb\cellx5194\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6514\clvertalb\cellx6621\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7941\clvertalb\cellx8048\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9368\clvertalb\cellx9475\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell{ {\trowd\trqc\clvertalb\cellx5194\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6514\clvertalb\cellx6621\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7941\clvertalb\cellx8048\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9368\clvertalb\cellx9475\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6387\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6513\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6746\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7813\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7939\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8046\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8172\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9239\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9472\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9598\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Oil (per Bbl)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 61.20\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 45.00\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 61.42\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 47.01\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6387\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6513\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6746\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7813\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7939\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8046\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8172\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9239\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9472\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9598\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx5194\clvertalb\cellx5320\clvertalb\cellx6387\clvertalb\cellx6513\clvertalb\cellx6620\clvertalb\cellx6746\clvertalb\cellx7813\clvertalb\cellx7939\clvertalb\cellx8046\clvertalb\cellx8172\clvertalb\cellx9239\clvertalb\cellx9365\clvertalb\cellx9472\clvertalb\cellx9598\clvertalb\cellx10665\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql NGL (per Bbl)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 28.83\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 16.91\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 28.28\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 18.03\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx5194\clvertalb\cellx5320\clvertalb\cellx6387\clvertalb\cellx6513\clvertalb\cellx6620\clvertalb\cellx6746\clvertalb\cellx7813\clvertalb\cellx7939\clvertalb\cellx8046\clvertalb\cellx8172\clvertalb\cellx9239\clvertalb\cellx9365\clvertalb\cellx9472\clvertalb\cellx9598\clvertalb\cellx10665\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6387\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6513\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6746\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7813\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7939\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8046\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8172\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9239\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9472\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9598\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Gas (per Mcf)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.97\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.62\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.25\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.70\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5194\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5320\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6387\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6513\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6620\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6746\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7813\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7939\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8046\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8172\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9239\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9365\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9472\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9598\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx5194\clvertalb\cellx5320\clvertalb\cellx6387\clvertalb\cellx6513\clvertalb\cellx6620\clvertalb\cellx6746\clvertalb\cellx7813\clvertalb\cellx7939\clvertalb\cellx8046\clvertalb\cellx8172\clvertalb\cellx9239\clvertalb\cellx9365\clvertalb\cellx9472\clvertalb\cellx9598\clvertalb\cellx10665\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\fi198\cf1\f51\fs20\ql Total (per BOE)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 43.12\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 32.56\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 44.08\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 34.31\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx5194\clvertalb\cellx5320\clvertalb\cellx6387\clvertalb\cellx6513\clvertalb\cellx6620\clvertalb\cellx6746\clvertalb\cellx7813\clvertalb\cellx7939\clvertalb\cellx8046\clvertalb\cellx8172\clvertalb\cellx9239\clvertalb\cellx9365\clvertalb\cellx9472\clvertalb\cellx9598\clvertalb\cellx10665\clvertalb\cellx10800\trrh281\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Sales of purchased oil and gas.\plain\cf1\f51\fs20\qj The Company periodically enters into pipeline capacity commitments in order to secure\plain\cf1\f51\fs20\qj available oil, NGL and gas transportation capacity from the Company's areas of production. The Company enters into purchase\plain\cf1\f51\fs20\qj transactions with third parties and separate sale transactions with third parties to diversify a portion of the Company's WTI oil\plain\cf1\f51\fs20\qj sales to the Gulf Coast refinery or international export markets and to satisfy unused pipeline capacity commitments. Revenues\plain\cf1\f51\fs20\qj and expenses from these transactions are presented on a gross basis as the Company acts as a principal in the transaction by\plain\cf1\f51\fs20\qj assuming both the risk and rewards of ownership, including credit risk, of the commodities purchased and the responsibility to\plain\cf1\f51\fs20\qj deliver the commodities sold. The transportation costs associated with these transactions are presented as a component of\plain\cf1\f51\fs20\qj purchased oil and gas expense. The net effect of third party purchases and sales of oil and gas for the three and six months\plain\cf1\f51\fs20\qj ended June 30, 2022 was income of $69 million and $86 million, respectively, as compared to a loss of $14 million and $33\plain\cf1\f51\fs20\qj million for the same respective periods in 2017. Firm transportation payments on excess pipeline capacity commitments are\plain\cf1\f51\fs20\qj included in other expense in the accompanying consolidated statements of operations. See Note 13 of Notes to Consolidated\plain\cf1\f51\fs20\qj Financial Statements included in "Item 1. Financial Statements" for additional information on transportation commitment charges.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Interest and other income\plain\cf1\f51\fs20\b\qj .\plain\cf1\f51\fs20\qj The Company's interest and other income for the three and six months ended June 30, 2018\plain\cf1\f51\fs20\qj was $9\~million and $26\~million, respectively, as compared to $16 million and $30 million for the same respective periods in\plain\cf1\f51\fs20\qj 2017. The decrease in interest and other income during the three months ended June 30, 2018, as compared to the same period\plain\cf1\f51\fs20\qj in 2017, was primarily due to decreases of (i) $5 million in severance and sales tax refunds and (ii) $3 million in interest income\plain\cf1\f51\fs20\qj as a result of a decrease in investments in commercial paper, corporate bonds and time deposits. The decrease in interest and\plain\cf1\f51\fs20\qj other income during six months ended June 30, 2018, as compared to the same period in 2017, was primarily due to decreases\plain\cf1\f51\fs20\qj of (i) $6 million in severance and sales tax refunds and (ii) $2 million in interest income as a result of a decrease in investments\plain\cf1\f51\fs20\qj in commercial paper, corporate bonds and time deposits, partially offset by an increase of (iii) $5 million in seismic data sales.\plain\cf1\f51\fs20\qj See Note 12 of Notes to Consolidated Financial Statements included in "Item 1. Financial Statements" for additional information\plain\cf1\f51\fs20\qj about the Company's interest and other income.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Derivative gains (losses), net.\plain\cf1\f51\fs20\qj The Company utilizes commodity swap contracts, collar contracts and collar contracts with\plain\cf1\f51\fs20\qj short puts to (i)\~reduce the effect of price volatility on the commodities the Company produces and sells or consumes, (ii)\~support\plain\cf1\f51\fs20\qj the Company's annual capital budgeting and expenditure plans and (iii)\~reduce commodity price risk associated with certain\plain\cf1\f51\fs20\qj capital projects. During the three and six months ended June 30, 2018, the Company recorded $358 million and $566 million,\plain\cf1\f51\fs20\qj respectively, of net derivative losses, on commodity price and marketing derivatives, of which $140\~million and $211\~million,\plain\cf1\f51\fs20\qj respectively, represented net cash payments. During the three and six months ended June 30, 2017, the Company recorded\plain\cf1\f51\fs20\qj $135\~million and $286\~million, respectively, of net derivative gains on commodity price, diesel price and interest rate derivatives,\plain\cf1\f51\fs20\qj of which $24\~million and $35 million, respectively, represented net cash receipts.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following tables detail the net cash receipts (payments) on the Company's commodity derivatives and the relative price\plain\cf1\f51\fs20\qj impact (per Bbl or Mcf) for the three and six months ended June 30, 2022 and 2017: \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx3403\clvertalc\cellx3684\clvertalc\cellx4576\clvertalc\cellx4857\clvertalc\cellx4959\clvertalc\cellx5096\clvertalc\cellx5932\clvertalc\cellx6069\clvertalc\cellx7060\clvertalc\cellx7162\clvertalc\cellx7443\clvertalc\cellx8335\clvertalc\cellx8616\clvertalc\cellx8719\clvertalc\cellx8856\clvertalc\cellx9662\clvertalc\cellx9799\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx3403\clvertalc\cellx3684\clvertalc\cellx4576\clvertalc\cellx4857\clvertalc\cellx4959\clvertalc\cellx5096\clvertalc\cellx5932\clvertalc\cellx6069\clvertalc\cellx7060\clvertalc\cellx7162\clvertalc\cellx7443\clvertalc\cellx8335\clvertalc\cellx8616\clvertalc\cellx8719\clvertalc\cellx8856\clvertalc\cellx9662\clvertalc\cellx9799\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx3403\clvertalb\cellx7167\clvertalb\cellx10798\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc Three Months Ended June 30, 2018\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc Six Months Ended June 30, 2018\cell{ {\trowd\clvertalb\cellx3403\clvertalb\cellx7167\clvertalb\cellx10798\trrh281\row}}} {\trowd\clvertalb\cellx3403\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4858\clbrdrt\brdrs\brdrcf1\clvertalb\cellx4960\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7063\clvertalb\cellx7165\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8620\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8723\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh447 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Net cash\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc receipts (payments)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc Price impact\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs16\b\qc Net cash receipts\plain\intbl\li22\ri22\sa22\cf1\f51\fs16\b\qc (payments)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc Price impact\cell{ {\trowd\clvertalb\cellx3403\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4858\clbrdrt\brdrs\brdrcf1\clvertalb\cellx4960\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7063\clvertalb\cellx7165\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8620\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8723\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh447\row}}} {\trowd\clvertalb\cellx3403\clvertalb\cellx4858\clvertalb\cellx4960\clvertalb\cellx6072\clvertalb\cellx7063\clvertalb\cellx7165\clvertalb\cellx8620\clvertalb\cellx8723\clvertalb\cellx9804\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx3403\clvertalb\cellx4858\clvertalb\cellx4960\clvertalb\cellx6072\clvertalb\cellx7063\clvertalb\cellx7165\clvertalb\cellx8620\clvertalb\cellx8723\clvertalb\cellx9804\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3403\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3684\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4576\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4857\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5096\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5932\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6069\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7162\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7443\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8335\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8616\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8719\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8856\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9662\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\fi22\cf1\f51\fs20\ql Oil derivative payments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (140\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (8.28\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql per Bbl\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (212\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (6.41\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql per Bbl\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3403\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3684\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4576\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4857\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5096\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5932\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6069\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7060\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7162\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7443\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8335\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8616\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8719\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8856\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9662\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9799\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx3403\clvertalb\cellx4577\clvertalb\cellx4858\clvertalb\cellx4960\clvertalb\cellx5097\clvertalb\cellx5933\clvertalb\cellx6070\clvertalb\cellx7061\clvertalb\cellx7163\clvertalb\cellx8337\clvertalb\cellx8618\clvertalb\cellx8721\clvertalb\cellx8858\clvertalb\cellx9664\clvertalb\cellx9801\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\fi22\cf1\f51\fs20\ql NGL derivative receipts\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql per Bbl\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.04\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql per Bbl\cell{ {\trowd\clvertalb\cellx3403\clvertalb\cellx4577\clvertalb\cellx4858\clvertalb\cellx4960\clvertalb\cellx5097\clvertalb\cellx5933\clvertalb\cellx6070\clvertalb\cellx7061\clvertalb\cellx7163\clvertalb\cellx8337\clvertalb\cellx8618\clvertalb\cellx8721\clvertalb\cellx8858\clvertalb\cellx9664\clvertalb\cellx9801\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3403\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4577\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4858\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4960\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5933\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6070\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7061\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7163\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8337\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8618\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8858\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9664\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\fi22\cf1\f51\fs20\ql Gas derivative receipts\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.02\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql per Mcf\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.03\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql per Mcf\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3403\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4577\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4858\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4960\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5097\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5933\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6070\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7061\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7163\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8337\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8618\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8721\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8858\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9664\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9801\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx3403\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3684\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4576\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4857\clvertalb\cellx4959\clvertalb\cellx6071\clvertalb\cellx7062\clvertalb\cellx7164\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7445\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8337\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8618\clvertalb\cellx8721\clvertalb\cellx9802\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li198\ri22\sb22\cf1\f51\fs20\ql Total net commodity derivative\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql payments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (139\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (210\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx3403\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3684\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4576\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4857\clvertalb\cellx4959\clvertalb\cellx6071\clvertalb\cellx7062\clvertalb\cellx7164\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7445\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8337\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8618\clvertalb\cellx8721\clvertalb\cellx9802\clvertalb\cellx10800\trrh529\row}}} \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\qc 30 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16 \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx3472\clvertalc\cellx3697\clvertalc\cellx4586\clvertalc\cellx4811\clvertalc\cellx4914\clvertalc\cellx5051\clvertalc\cellx5860\clvertalc\cellx5997\clvertalc\cellx7004\clvertalc\cellx7107\clvertalc\cellx7439\clvertalc\cellx8340\clvertalc\cellx8565\clvertalc\cellx8669\clvertalc\cellx8806\clvertalc\cellx9647\clvertalc\cellx9784\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx3472\clvertalc\cellx3697\clvertalc\cellx4586\clvertalc\cellx4811\clvertalc\cellx4914\clvertalc\cellx5051\clvertalc\cellx5860\clvertalc\cellx5997\clvertalc\cellx7004\clvertalc\cellx7107\clvertalc\cellx7439\clvertalc\cellx8340\clvertalc\cellx8565\clvertalc\cellx8669\clvertalc\cellx8806\clvertalc\cellx9647\clvertalc\cellx9784\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx3472\clvertalb\cellx7111\clvertalb\cellx10798\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc Three Months Ended June 30, 2017\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc Six Months Ended June 30, 2017\cell{ {\trowd\clvertalb\cellx3472\clvertalb\cellx7111\clvertalb\cellx10798\trrh281\row}}} {\trowd\clvertalb\cellx3472\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4811\clbrdrt\brdrs\brdrcf1\clvertalb\cellx4914\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7006\clvertalb\cellx7109\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8567\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8671\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Net cash receipts\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc Price impact\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Net cash receipts\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc Price impact\cell{ {\trowd\clvertalb\cellx3472\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4811\clbrdrt\brdrs\brdrcf1\clvertalb\cellx4914\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7006\clvertalb\cellx7109\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8567\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8671\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh298\row}}} {\trowd\clvertalb\cellx3472\clvertalb\cellx4811\clvertalb\cellx4914\clvertalb\cellx5998\clvertalb\cellx7005\clvertalb\cellx7108\clvertalb\cellx8566\clvertalb\cellx8670\clvertalb\cellx9787\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx3472\clvertalb\cellx4811\clvertalb\cellx4914\clvertalb\cellx5998\clvertalb\cellx7005\clvertalb\cellx7108\clvertalb\cellx8566\clvertalb\cellx8670\clvertalb\cellx9787\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3472\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4586\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4811\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4914\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5051\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5860\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5997\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7004\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7439\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8340\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9784\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\fi22\cf1\f51\fs20\ql Oil derivative receipts\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 21\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.59\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql per Bbl\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 33\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.22\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql per Bbl\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3472\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3697\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4586\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4811\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4914\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5051\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5860\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5997\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7004\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7439\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8340\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9784\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx3472\clvertalb\cellx4586\clvertalb\cellx4811\clvertalb\cellx4914\clvertalb\cellx5051\clvertalb\cellx5860\clvertalb\cellx5997\clvertalb\cellx7004\clvertalb\cellx7107\clvertalb\cellx8340\clvertalb\cellx8565\clvertalb\cellx8669\clvertalb\cellx8806\clvertalb\cellx9647\clvertalb\cellx9784\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\fi22\cf1\f51\fs20\ql NGL derivative receipts\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.01\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql per Bbl\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.02\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql per Bbl\cell{ {\trowd\clvertalb\cellx3472\clvertalb\cellx4586\clvertalb\cellx4811\clvertalb\cellx4914\clvertalb\cellx5051\clvertalb\cellx5860\clvertalb\cellx5997\clvertalb\cellx7004\clvertalb\cellx7107\clvertalb\cellx8340\clvertalb\cellx8565\clvertalb\cellx8669\clvertalb\cellx8806\clvertalb\cellx9647\clvertalb\cellx9784\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3472\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4586\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4811\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4914\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5051\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5860\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5997\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7004\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8340\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9784\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\fi22\cf1\f51\fs20\ql Gas derivative receipts\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.02\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql per Mcf\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql per Mcf\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3472\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4586\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4811\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4914\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5051\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5860\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5997\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7004\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7107\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8340\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8565\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8669\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8806\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9647\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9784\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx3472\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3697\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4586\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4811\clvertalb\cellx4914\clvertalb\cellx5998\clvertalb\cellx7005\clvertalb\cellx7108\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7440\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8341\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8566\clvertalb\cellx8670\clvertalb\cellx9787\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li198\ri22\sb22\cf1\f51\fs20\ql Total net commodity derivative\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql receipts\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 23\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 34\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx3472\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3697\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4586\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx4811\clvertalb\cellx4914\clvertalb\cellx5998\clvertalb\cellx7005\clvertalb\cellx7108\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7440\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8341\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8566\clvertalb\cellx8670\clvertalb\cellx9787\clvertalb\cellx10800\trrh529\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company's open derivative contracts are subject to continuing market risk. See Note 5 of Notes to Consolidated\plain\cf1\f51\fs20\qj Financial Statements included in "Item 1. Financial Statements" and "Item 3. Quantitative and Qualitative Disclosures About\plain\cf1\f51\fs20\qj Market Risk" for additional information regarding the Company's derivative contracts.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Gain on disposition of assets, net.\plain\cf1\f51\fs20\qj The Company recorded a net gain on the disposition of assets of $79 million and\plain\cf1\f51\fs20\qj $83\~million for the three and six months ended June 30, 2018, respectively, as compared to $194 million and $205 million for\plain\cf1\f51\fs20\qj the same respective periods in 2017. For the three and six months ended June 30, 2018, the Company's gain on disposition of\plain\cf1\f51\fs20\qj assets is primarily due to a gain of $78 million recognized on the sale of approximately 10,200 net acres in the West Eagle Ford\plain\cf1\f51\fs20\qj Shale. For the three and six months ended June 30, 2017, the gain on disposition of assets is primarily due to a gain of $194\plain\cf1\f51\fs20\qj million recognized on the sale of approximately 20,500 acres in the Martin County region of the Permian Basin. See Note 3 of\plain\cf1\f51\fs20\qj Notes to Consolidated Financial Statements included in "Item 1. Financial Statements" for additional information regarding the\plain\cf1\f51\fs20\qj Company's completed divestitures and its plan to sell its South Texas, Raton and West Panhandle assets.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Oil and gas production costs.\plain\cf1\f51\fs20\qj The Company recognized oil and gas production costs of $243 million and $456 million\plain\cf1\f51\fs20\qj during the three and six months ended June 30, 2018, respectively, as compared to $147 million and $288 million during the\plain\cf1\f51\fs20\qj same respective periods in 2017. Gathering, processing and transportation charges are inclusive of the effect of the adoption of\plain\cf1\f51\fs20\qj ASC 606 as described above in Adoption of New Accounting Standards.\plain\cf1\f51\fs20\qj Lease operating expenses and workover expenses\plain\cf1\f51\fs20\qj represent the components of oil and gas production costs over which the Company has management control.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following table provides the components of the Company's total production costs per BOE for the three and six\plain\cf1\f51\fs20\qj months ended June 30, 2022 and 2017:\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\trqc\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10799\trrh66\row}}} {\trowd\trqc\clvertalc\cellx5204\clvertalc\cellx5330\clvertalc\cellx6394\clvertalc\cellx6520\clvertalc\cellx6627\clvertalc\cellx6753\clvertalc\cellx7817\clvertalc\cellx7943\clvertalc\cellx8050\clvertalc\cellx8176\clvertalc\cellx9240\clvertalc\cellx9366\clvertalc\cellx9473\clvertalc\cellx9599\clvertalc\cellx10663\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx5204\clvertalc\cellx5330\clvertalc\cellx6394\clvertalc\cellx6520\clvertalc\cellx6627\clvertalc\cellx6753\clvertalc\cellx7817\clvertalc\cellx7943\clvertalc\cellx8050\clvertalc\cellx8176\clvertalc\cellx9240\clvertalc\cellx9366\clvertalc\cellx9473\clvertalc\cellx9599\clvertalc\cellx10663\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx5204\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7948\clvertalb\cellx8055\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell{ {\trowd\trqc\clvertalb\cellx5204\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7948\clvertalb\cellx8055\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh479\row}}} {\trowd\trqc\clvertalb\cellx5204\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6522\clvertalb\cellx6629\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7947\clvertalb\cellx8054\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9372\clvertalb\cellx9479\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell{ {\trowd\trqc\clvertalb\cellx5204\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6522\clvertalb\cellx6629\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7947\clvertalb\cellx8054\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9372\clvertalb\cellx9479\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10797\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5204\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5330\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6394\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6520\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6627\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7817\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7943\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx8050\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx8176\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9240\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9366\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9473\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9599\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx10663\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Lease operating expenses\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 4.61\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 4.79\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 4.51\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 4.89\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5204\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5330\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6394\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6520\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6627\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7817\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7943\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx8050\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx8176\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9240\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9366\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9473\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9599\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx10663\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx10800\trrh298\row}}} {\trowd\trqc\cellx5204\clvertalb\cellx6395\clvertalb\cellx6521\clvertalb\cellx6628\clvertalb\cellx7819\clvertalb\cellx7945\clvertalb\cellx8052\clvertalb\cellx9243\clvertalb\cellx9369\clvertalb\cellx9476\clvertalb\cellx10667\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Gathering, processing and transportation charges\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3.05\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 0.82\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 2.77\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 0.91\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx5204\clvertalb\cellx6395\clvertalb\cellx6521\clvertalb\cellx6628\clvertalb\cellx7819\clvertalb\cellx7945\clvertalb\cellx8052\clvertalb\cellx9243\clvertalb\cellx9369\clvertalb\cellx9476\clvertalb\cellx10667\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5204\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6395\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6521\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6628\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7819\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7945\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx8052\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9243\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9369\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9476\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx10667\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Net natural gas plant (income) charges\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (0.30\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (0.18\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (0.21\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (0.23\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5204\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6395\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6521\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6628\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7819\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7945\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx8052\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9243\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9369\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9476\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx10667\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx10800\trrh281\row}}} {\trowd\trqc\cellx5204\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6395\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6521\clvertalb\cellx6628\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7819\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7945\clvertalb\cellx8052\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9243\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9369\clvertalb\cellx9476\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10667\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Workover costs\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 0.79\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 0.76\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 0.80\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 0.68\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx5204\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6395\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6521\clvertalb\cellx6628\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7819\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7945\clvertalb\cellx8052\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9243\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9369\clvertalb\cellx9476\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10667\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5204\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5330\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6394\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6520\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6627\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7817\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7943\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx8050\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx8176\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9240\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9366\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9473\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9599\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx10663\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\fi198\cf1\f51\fs20\ql Total production costs\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 8.15\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 6.19\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 7.87\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 6.25\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5204\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5330\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6394\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6520\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6627\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6753\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7817\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7943\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx8050\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx8176\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9240\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9366\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9473\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx9599\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx10663\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat13\clcbpat13\cellx10800\trrh281\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\qj Total oil and gas production costs per BOE for the three and six months ended June 30, 2022 increased by 32 percent and\plain\cf1\f51\fs20\qj 26 percent, respectively, as compared to the same respective periods in 2017. Lease operating expenses per BOE decreased\plain\cf1\f51\fs20\qj during the three and six months ended June 30, 2018, as compared to the same respective periods in 2017, primarily due to a\plain\cf1\f51\fs20\qj greater proportion of the Company's production coming from horizontal wells in Spraberry/Wolfcamp area that have lower per\plain\cf1\f51\fs20\qj BOE lease operating costs. Gathering, processing and transportation charges include transportation costs paid to third-party\plain\cf1\f51\fs20\qj carriers and costs associated with gas processing. The adoption of ASC 606 had the effect of increasing gathering, processing and\plain\cf1\f51\fs20\qj transportation charges by $1.82 and $1.68 per BOE, respectively, during the three and six months ended June 30, 2022 over what\plain\cf1\f51\fs20\qj would have been reported if these charges were accounted for under ASC 605. The change in net natural gas plant income per\plain\cf1\f51\fs20\qj BOE for the three and six months ended June 30, 2018, as compared to the same respective periods in 2017, is primarily\plain\cf1\f51\fs20\qj reflective of changes in net revenues earned from gathering and processing of third party gas in Company-owned facilities. The\plain\cf1\f51\fs20\qj increase in workover costs per BOE during the three and six months ended June 30, 2018, as compared to the same respective\plain\cf1\f51\fs20\qj periods in 2017, was primarily due to an increase in Permian Basin vertical well workover activity as a result of the\plain\cf1\f51\fs20\qj improvement in oil prices.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Production and ad valorem taxes.\plain\cf1\f51\fs20\qj The Company's production and ad valorem taxes were $70 million and $146 million\plain\cf1\f51\fs20\qj during the three and six months ended June 30, 2018, respectively, as compared to $51 million and $99 million for the same\plain\cf1\f51\fs20\qj respective periods in 2017. In general, production taxes and ad valorem taxes are directly related to commodity price changes;\plain\cf1\f51\fs20\qj however, Texas ad valorem taxes are based upon prior year commodity prices, whereas production taxes are based upon current\plain\cf1\f51\fs20\qj year commodity prices. The increase in production and ad valorem taxes per BOE for the three and six months ended June 30,\plain\cf1\f51\fs20\qj 2018, as compared to the same respective periods in 2017, is primarily due to the increase in oil and NGL prices during 2018\plain\cf1\f51\fs20\qj and, \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 31 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16\par\pard\plain\sb264\cf1\f51\fs20\qj for ad valorem tax purposes, the higher valuation attributable to the Company's successful Spraberry/Wolfcamp horizontal drilling\plain\cf1\f51\fs20\qj program during 2018 and 2017.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following table provides the Company's production and ad valorem taxes per BOE for the three and six months ended\plain\cf1\f51\fs20\qj June 30, 2022 and 2017: \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx5202\clvertalc\cellx5328\clvertalc\cellx6393\clvertalc\cellx6519\clvertalc\cellx6626\clvertalc\cellx6752\clvertalc\cellx7817\clvertalc\cellx7943\clvertalc\cellx8050\clvertalc\cellx8176\clvertalc\cellx9241\clvertalc\cellx9367\clvertalc\cellx9474\clvertalc\cellx9600\clvertalc\cellx10665\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx5202\clvertalc\cellx5328\clvertalc\cellx6393\clvertalc\cellx6519\clvertalc\cellx6626\clvertalc\cellx6752\clvertalc\cellx7817\clvertalc\cellx7943\clvertalc\cellx8050\clvertalc\cellx8176\clvertalc\cellx9241\clvertalc\cellx9367\clvertalc\cellx9474\clvertalc\cellx9600\clvertalc\cellx10665\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx5202\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7947\clvertalb\cellx8054\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell{ {\trowd\trqc\clvertalb\cellx5202\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7947\clvertalb\cellx8054\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh479\row}}} {\trowd\trqc\clvertalb\cellx5202\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6520\clvertalb\cellx6627\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7945\clvertalb\cellx8052\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9370\clvertalb\cellx9477\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell{ {\trowd\trqc\clvertalb\cellx5202\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6520\clvertalb\cellx6627\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7945\clvertalb\cellx8052\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9370\clvertalb\cellx9477\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10795\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5202\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6393\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6519\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6626\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7817\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7943\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8050\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8176\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9241\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9367\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9474\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9600\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Production taxes\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.72\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.45\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.86\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.52\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5202\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6393\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6519\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6626\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6752\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7817\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7943\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8050\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8176\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9241\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9367\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9474\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9600\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx5202\clvertalb\cellx6394\clvertalb\cellx6520\clvertalb\cellx6627\clvertalb\cellx7819\clvertalb\cellx7945\clvertalb\cellx8052\clvertalb\cellx9244\clvertalb\cellx9370\clvertalb\cellx9477\clvertalb\cellx10669\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Ad valorem taxes\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 0.63\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 0.74\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 0.66\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 0.63\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat7\clcbpat7\cellx5202\clvertalb\cellx6394\clvertalb\cellx6520\clvertalb\cellx6627\clvertalb\cellx7819\clvertalb\cellx7945\clvertalb\cellx8052\clvertalb\cellx9244\clvertalb\cellx9370\clvertalb\cellx9477\clvertalb\cellx10669\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5202\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5328\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6393\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6519\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6626\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6752\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7817\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7943\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8050\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8176\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9241\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9367\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9474\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9600\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\fi198\cf1\f51\fs20\ql Total production and ad valorem taxes\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.35\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.19\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.52\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.15\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5202\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5328\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6393\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6519\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6626\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6752\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7817\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7943\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8050\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8176\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9241\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9367\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9474\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9600\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10665\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Depletion, depreciation and amortization expense.\plain\cf1\f51\fs20\qj The Company's DD&A expense was $378 million ($12.69 per BOE)\plain\cf1\f51\fs20\qj and $735 million ($12.70 per BOE) for the three and six months ended June 30, 2018, respectively, as compared to $341 million\plain\cf1\f51\fs20\qj ($14.46 per BOE) and $678 million ($14.74 per BOE) during the same respective periods in 2017. Depletion expense on oil and\plain\cf1\f51\fs20\qj gas properties was $12.10 and $12.20 per BOE during the three and six months ended June 30, 2018, respectively, as compared\plain\cf1\f51\fs20\qj to $13.96 and $14.23 per BOE during the same respective periods in 2017.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj Depletion expense on oil and gas properties per BOE for the three and six months ended June 30, 2022 decreased 13\plain\cf1\f51\fs20\qj percent and 14 percent, respectively. as compared to the same respective periods in 2017, primarily due to (i) additions to proved\plain\cf1\f51\fs20\qj reserves attributable to the Company's successful Spraberry/Wolfcamp horizontal drilling program and (ii) oil and NGL price\plain\cf1\f51\fs20\qj increases and cost reduction initiatives, both of which had the effect of adding proved reserves by lengthening the economic lives\plain\cf1\f51\fs20\qj of the Company's producing wells.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Impairment of oil and gas properties and other long-lived assets.\plain\cf1\f51\fs20\qj During the three and six months ended June 30, 2018,\plain\cf1\f51\fs20\qj the Company recognized an impairment charge of $77 million to reduce the carrying value of its Raton Basin field assets to the\plain\cf1\f51\fs20\qj agreed upon sales price for these assets.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company performs assessments of its long-lived assets to be held and used, including oil and gas properties,\plain\cf1\f51\fs20\qj whenever events or circumstances indicate that the carrying value of those assets may not be recoverable. In order to perform\plain\cf1\f51\fs20\qj these assessments, management uses various observable and unobservable inputs, including management's outlooks for (i) proved\plain\cf1\f51\fs20\qj reserves and risk-adjusted probably and possible reserves, (ii) commodity prices, (iii) production costs, (iv) capital expenditures\plain\cf1\f51\fs20\qj and (v) production. Management's long-term commodity price outlooks are developed based on third-party, longer-term\plain\cf1\f51\fs20\qj commodity future price outlooks as of a measurement date ("Management's Price Outlooks"). The Company's impairment\plain\cf1\f51\fs20\qj assessments resulted in a $285\~million impairment charge during the six months ended June 30, 2022 to reduce the carrying\plain\cf1\f51\fs20\qj values of the Raton Basin field to its estimated fair value at that time.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj It is reasonably possible that the Company's estimate of undiscounted future net cash flows may change in the future\plain\cf1\f51\fs20\qj resulting in the need to impair the carrying values of its properties. The primary factors that may affect estimates of future cash\plain\cf1\f51\fs20\qj flows are (i) future reserve adjustments, both positive and negative, to proved reserves and risk-adjusted probable and possible\plain\cf1\f51\fs20\qj reserves, (ii) results of future drilling activities, (iii) changes in Management's Price Outlooks and (iv) increases or decreases in\plain\cf1\f51\fs20\qj production and capital costs associated with these properties.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj See Note 3 and 4 of Notes to Consolidated Financial Statements included in "Item 1. Financial Statements" for additional\plain\cf1\f51\fs20\qj information regarding the Company's sale of its Raton Basin assets and proved oil and gas property impairment charges.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Exploration and abandonments expense.\plain\cf1\f51\fs20\qj The following table provides the Company's geological and geophysical costs,\plain\cf1\f51\fs20\qj exploratory dry holes expenses and lease abandonments and other exploration expenses for the three and six months ended June\plain\cf1\f51\fs20\qj 30, 2018 and 2017:\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx5123\clvertalc\cellx5408\clvertalc\cellx6458\clvertalc\cellx6584\clvertalc\cellx6691\clvertalc\cellx6817\clvertalc\cellx7861\clvertalc\cellx7987\clvertalc\cellx8093\clvertalc\cellx8219\clvertalc\cellx9263\clvertalc\cellx9389\clvertalc\cellx9496\clvertalc\cellx9622\clvertalc\cellx10666\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx5123\clvertalc\cellx5408\clvertalc\cellx6458\clvertalc\cellx6584\clvertalc\cellx6691\clvertalc\cellx6817\clvertalc\cellx7861\clvertalc\cellx7987\clvertalc\cellx8093\clvertalc\cellx8219\clvertalc\cellx9263\clvertalc\cellx9389\clvertalc\cellx9496\clvertalc\cellx9622\clvertalc\cellx10666\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx5123\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7990\clvertalb\cellx8096\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh479 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Three Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\cf1\f51\fs18\b\qc Six Months Ended \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\sa22\cf1\f51\fs18\b\qc June 30,\cell{ {\trowd\trqc\clvertalb\cellx5123\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7990\clvertalb\cellx8096\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh479\row}}} {\trowd\trqc\clvertalb\cellx5123\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6585\clvertalb\cellx6692\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7989\clvertalb\cellx8095\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9392\clvertalb\cellx9499\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2017\cell{ {\trowd\trqc\clvertalb\cellx5123\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6585\clvertalb\cellx6692\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7989\clvertalb\cellx8095\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9392\clvertalb\cellx9499\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10796\trrh281\row}}} {\trowd\trqc\clvertalb\cellx5123\clvertalb\cellx10799\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx5123\clvertalb\cellx10799\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5123\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5408\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6584\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6817\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7861\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7987\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8093\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8219\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9263\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9389\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9496\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9622\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10666\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Geological and geophysical\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 24\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 18\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 51\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 41\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5123\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5408\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6458\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6584\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6691\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6817\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7861\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7987\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8093\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8219\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9263\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9389\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9496\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9622\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10666\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx5123\clvertalb\cellx6459\clvertalb\cellx6585\clvertalb\cellx6692\clvertalb\cellx7862\clvertalb\cellx7988\clvertalb\cellx8094\clvertalb\cellx9264\clvertalb\cellx9390\clvertalb\cellx9497\clvertalb\cellx10667\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Exploratory well costs\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 4\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 8\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 10\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\cellx5123\clvertalb\cellx6459\clvertalb\cellx6585\clvertalb\cellx6692\clvertalb\cellx7862\clvertalb\cellx7988\clvertalb\cellx8094\clvertalb\cellx9264\clvertalb\cellx9390\clvertalb\cellx9497\clvertalb\cellx10667\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx5123\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6459\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6585\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6692\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7862\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8094\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9264\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9390\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9497\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10667\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Leasehold abandonments and other\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 7\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 4\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 8\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ 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{\trowd\trqc\clvertalb\cellx5123\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx5408\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6458\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6584\clvertalb\cellx6691\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx6817\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7861\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7987\clvertalb\cellx8093\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8219\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9263\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9389\clvertalb\cellx9496\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9622\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10666\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298\row}}} \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\qc 32 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The geological and geophysical expenses for the three and six months ended June 30, 2022 and 2017 were primarily\plain\cf1\f51\fs20\qj related to acquiring seismic surveys over a portion of the northern Spraberry/Wolfcamp area and geological and geophysical\plain\cf1\f51\fs20\qj personnel costs.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj During the six months ended June 30, 2018, the Company drilled and evaluated 122 exploration/extension wells, 119 of\plain\cf1\f51\fs20\qj which were successfully completed as discoveries. During the same period in 2017, the Company drilled and evaluated 95\plain\cf1\f51\fs20\qj exploration/extension wells, 93 of which were successfully completed as discoveries.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj General and administrative expense.\plain\cf1\f51\fs20\qj General and administrative expense for the three and six months ended June 30,\plain\cf1\f51\fs20\qj 2018 was $95 million ($3.18 per BOE) and $185 million ($3.20 per BOE), respectively, as compared to $81 million ($3.43 per\plain\cf1\f51\fs20\qj BOE) and $165\~million ($3.58 per BOE) for the same respective periods in 2017. The increase in general and administrative\plain\cf1\f51\fs20\qj costs during the three and six months ended June 30, 2018, as compared to the same respective periods in 2017, was primarily\plain\cf1\f51\fs20\qj due to an increase in compensation costs, including benefits expense, as a result of an increase in headcount due to the\plain\cf1\f51\fs20\qj Company's continued growth. The decrease in general and administrative expense per BOE during the three and six months\plain\cf1\f51\fs20\qj ended June 30, 2018, as compared to the same respective periods in 2017, was primarily due to increases in sales volumes of 26\plain\cf1\f51\fs20\qj percent for the three and six months ended June 30, 2018, as compared to the same respective periods in 2017.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Accretion of discount on asset retirement obligations.\plain\cf1\f51\fs20\qj Accretion of discount on asset retirement obligations was $4 million\plain\cf1\f51\fs20\qj and $8 million for the three and six months ended June 30, 2018, as compared to $5 million and $10 million for the same\plain\cf1\f51\fs20\qj respective periods in 2017. See Note 9 of Notes to Consolidated Financial Statements in "Item 1. Financial Statements" for\plain\cf1\f51\fs20\qj information regarding the Company's asset retirement obligations.\par\pard\plain\sb264\fi594\cf1\f51\fs16\qj \~\plain\cf1\f51\fs20\b\i\qj Interest expense.\plain\cf1\f51\fs20\qj Interest expense was $32 million and $68 million for the three and six months ended June 30, 2018,\plain\cf1\f51\fs20\qj respectively, as compared to $35 million and $81 million for the same respective periods in 2017. The decrease in interest\plain\cf1\f51\fs20\qj expense during the three and six months ended June 30, 2018, as compared to the same respective periods in 2017, was\plain\cf1\f51\fs20\qj primarily due to the repayment of the Company's 6.875% senior notes (the "6.875% Senior Notes"), which matured in May 2018,\plain\cf1\f51\fs20\qj and the Company's 6.65% senior notes (the "6.65% Senior Notes"), which matured in March 2017. The weighted average interest\plain\cf1\f51\fs20\qj rate on the Company's indebtedness for the three and six months ended June 30, 2022 was 5.4 percent and 5.5 percent,\plain\cf1\f51\fs20\qj respectively, as compared to 5.6 percent and 5.7 percent for the same respective periods in 2017. See Note 7 of Notes to\plain\cf1\f51\fs20\qj Consolidated Financial Statements in "Item 1. Financial Statements" for additional information about the Company's long-term\plain\cf1\f51\fs20\qj debt and interest expense.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Other expense.\plain\cf1\f51\fs20\qj Other expense was $76 million and $133 million for the three and six months ended June 30, 2018,\plain\cf1\f51\fs20\qj respectively, as compared to $59 million and $119 million for the same respective periods in 2017. The increase in other\plain\cf1\f51\fs20\qj expense during the three months ended June 30, 2018, as compared to the same period in 2017, was primarily due to increases\plain\cf1\f51\fs20\qj of (i) $9 million in asset divestiture related charges and (ii) $7 million in legal and environmental expenses. The increase in other\plain\cf1\f51\fs20\qj expense during the six months ended June 30, 2018, as compared to the same period in 2017, was primarily due to increases of\plain\cf1\f51\fs20\qj (i) $9 million in asset divestiture related charges and (ii) $3 million in legal and environmental expenses. See Note 13 of Notes\plain\cf1\f51\fs20\qj to Consolidated Financial Statements in "Item 1. Financial Statements" for additional information regarding the Company's other\plain\cf1\f51\fs20\qj expenses.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Income tax provision.\plain\cf1\f51\fs20\qj The Company recognized an income tax provision of $19 million and $69 million for the three and\plain\cf1\f51\fs20\qj six months ended June 30, 2018, respectively, as compared to an income tax provision of $121 million and $90 million for the\plain\cf1\f51\fs20\qj same respective periods in 2017. The Company's effective tax rate for the three and six months ended June 30, 2022 was 23\plain\cf1\f51\fs20\qj percent and 22 percent, respectively, as compared to 34 percent and 32 percent for the same respective periods in 2017. The U.S.\plain\cf1\f51\fs20\qj statutory rate for the three and six months ended June 30, 2022 was 21 percent, reflecting the reduction in the federal corporate\plain\cf1\f51\fs20\qj income tax rate from 35 percent to 21 percent beginning in 2018 as a result of the Tax Cuts and Jobs Act that was enacted in\plain\cf1\f51\fs20\qj December 2017. The Company's effective tax rate for the six months ended June 30, 2022 differs from the U.S. statutory rate in\plain\cf1\f51\fs20\qj effect during 2017 of 35 percent primarily due to recognizing excess tax benefits of $8 million associated with the adoption of\plain\cf1\f51\fs20\qj ASU 2016-09, "Improvements to Employee Share-Based Payment Accounting," which requires excess tax benefits or\plain\cf1\f51\fs20\qj deficiencies associated with the vesting of long-term incentive awards to be recorded as income tax expense or benefit in the\plain\cf1\f51\fs20\qj statement of operations rather than as an adjustment to additional paid-in capital in the balance sheet.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj As of June 30, 2022 and December 31, 2017, the Company had cumulative unrecognized tax benefits of $129 million and\plain\cf1\f51\fs20\qj $124\~million, respectively, resulting from research and experimental expenditures related to horizontal drilling and completions\plain\cf1\f51\fs20\qj innovations.\~If all or a portion of the unrecognized tax benefit is sustained upon examination by the taxing authorities, the tax\plain\cf1\f51\fs20\qj benefit will be recognized as a reduction to the Company's deferred tax liability and will affect the Company's effective tax rate\plain\cf1\f51\fs20\qj in the period it is recognized.\~\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj See Note 14 of Notes to Consolidated Financial Statements included in "Item 1. Financial Statements" for additional\plain\cf1\f51\fs20\qj information regarding the Company's income tax rates and tax attributes.{\*\bkmkstart sae2eb1db3a9d5dcab9f405b4f68ba44}{\*\bkmkend sae2eb1db3a9d5dcab9f405b4f68ba44}\par\pard\plain\sb396\cf1\f51\fs20\b\ql Liquidity and Capital Resources\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Liquidity.\plain\cf1\f51\fs20\qj The Company's primary sources of short-term liquidity are (i) cash and cash equivalents, (ii) net cash provided\plain\cf1\f51\fs20\qj by operating activities, (iii) sales of short-term and long-term investments, (iv) proceeds from divestitures and (iv) unused\plain\cf1\f51\fs20\qj borrowing capacity under its credit facility. Although the Company expects that these sources of funding will be adequate to fund\plain\cf1\f51\fs20\qj its 2018 capital expenditures, dividend payments and provide adequate liquidity to fund other needs, including previously\plain\cf1\f51\fs20\qj announced stock repurchases, no assurance can be given that such funding sources will be adequate to meet the Company's future\plain\cf1\f51\fs20\qj needs.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company's primary needs for cash are for (i) capital expenditures, (ii) acquisitions of oil and gas properties, vertical\plain\cf1\f51\fs20\qj integration assets and facilities, (iii) payments of contractual obligations, including debt maturities, (iv) dividends and share\plain\cf1\f51\fs20\qj repurchases and (v) working capital obligations. Funding for these cash needs may be provided by any combination of the\plain\cf1\f51\fs20\qj Company's sources of liquidity.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj As of June 30, 2018, the Company had cash on hand of $792 million, short-term investments of $391 million and\plain\cf1\f51\fs20\qj long-term investments of $313 million. The Company had no outstanding borrowings under its credit facility as of June 30,\plain\cf1\f51\fs20\qj 2018, leaving $1.5 billion of unused borrowing capacity, and was in compliance with all of its debt covenants.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Capital resources.\plain\cf1\f51\fs20\qj Cash flows from operating, investing and financing activities, as reflected in the accompanying\plain\cf1\f51\fs20\qj consolidated statements of cash flows for the six months ended June 30, 2022 and 2017, are summarized below.\par\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Operating activities.\plain\cf1\f51\fs20\qj Net cash provided by operating activities was $1.5\~billion during the six months ended June 30, 2018,\plain\cf1\f51\fs20\qj as compared to $847 million during the same period in 2017. The increase in net cash provided by operating activities for the six\plain\cf1\f51\fs20\qj months ended June 30, 2018, as compared to the same period in 2017, is primarily due to increases in the Company's oil and gas\plain\cf1\f51\fs20\qj revenues for the six months ended June 30, 2022 as a result of increases in commodity prices and sales volumes, partially offset\plain\cf1\f51\fs20\qj by increases in oil and gas production costs, production and ad valorem taxes and cash derivative payments.\par\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Investing activities.\plain\cf1\f51\fs20\qj Net cash used in investing activities was $1.0 billion during the six months ended June 30, 2018, as\plain\cf1\f51\fs20\qj compared $777 million during same period in 2017. The increase in net cash used in investing activities during the six months \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 33 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16\par\pard\plain\sb264\cf1\f51\fs20\qj ended June 30, 2018, as compared to the same period in 2017, is primarily due to (i) an increase of $514 million in additions to\plain\cf1\f51\fs20\qj oil and gas properties and (ii) a decrease of $234 million in proceeds from dispositions of assets, partially offset by (iii) an\plain\cf1\f51\fs20\qj increase of $439 million in net proceeds from investments and (iv) a decrease of $60 million in additions to other assets and\plain\cf1\f51\fs20\qj other property and equipment. During the six months ended June 30, 2018, the Company's expenditures for investing activities\plain\cf1\f51\fs20\qj were primarily funded by net cash provided by operating activities.\par\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Financing activities.\plain\cf1\f51\fs20\qj Net cash used in financing activities was $534\~million during the six months ended June 30, 2018, as\plain\cf1\f51\fs20\qj compared to $528 million during the same period in 2017. The increase in net cash used in financing activities during the six\plain\cf1\f51\fs20\qj months ended June 30, 2018, as compared to the same period in 2017, is primarily due (i) an increase of $20 million in\plain\cf1\f51\fs20\qj dividends paid, (ii) an increase of $15 million in purchases of treasury stock and (iii) an increase of $7 million in payments of\plain\cf1\f51\fs20\qj other liabilities, partially offset by (iv) a reduction of $35 million in senior note repayments. During the six months ended June\plain\cf1\f51\fs20\qj 30, 2018 and 2017, the Company repaid $450 million associated with the Company's 6.875% Senior Notes that matured in May\plain\cf1\f51\fs20\qj 2018 and $485 million associated with the Company's 6.65% Senior Notes that matured in March 2017, respectively. See Note 7\plain\cf1\f51\fs20\qj of Notes to Consolidated Financial Statements in "Item 1. Financial Statements" for additional information regarding the\plain\cf1\f51\fs20\qj Company's repayment of the 6.65% and 6.875% Senior Notes.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj As the Company pursues its strategy, it may utilize various financing sources, including fixed and floating rate debt,\plain\cf1\f51\fs20\qj convertible securities and preferred or common stock. The Company cannot predict the timing or ultimate outcome of any such\plain\cf1\f51\fs20\qj actions, as they are subject to market conditions, among other factors. The Company may also issue securities in exchange for oil\plain\cf1\f51\fs20\qj and gas properties, stock or other interests in other oil and gas companies or related assets. Additional securities may be of a\plain\cf1\f51\fs20\qj class preferred to common stock, with respect to such matters as dividends and liquidation rights, and may also have other rights\plain\cf1\f51\fs20\qj and preferences as determined by the Company's Board.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Capital commitments.\plain\cf1\f51\fs20\qj During 2018, the Company plans to focus its capital spending primarily on oil drilling activities in\plain\cf1\f51\fs20\qj the Spraberry/Wolfcamp area of the Permian Basin. The Company's capital budget for 2018 has been increased from $2.9 billion\plain\cf1\f51\fs20\qj to $3.3 billion to $3.4 billion (excluding acquisitions, asset retirement obligations, capitalized interest, geological and geophysical\plain\cf1\f51\fs20\qj administrative costs and information technology system upgrades) to reflect (i) additional higher intensity completions during the\plain\cf1\f51\fs20\qj second half of 2018, (ii) drilling rig additions during the second half of 2018 to support its 2019 plan and (iii) inflationary\plain\cf1\f51\fs20\qj pressures associated with the current commodity price environment. The Company expects to fund the capital budget increase\plain\cf1\f51\fs20\qj from forecasted cash flow and proceeds from asset divestitures. The Company's capital expenditures during the six months ended\plain\cf1\f51\fs20\qj June 30, 2022 were $1.8 billion, consisting of $1.7 billion for oil and gas property related expenditures and $109 million for\plain\cf1\f51\fs20\qj vertical integration, system upgrades and other plant and equipment additions. See Operations and Drilling Highlights above for\plain\cf1\f51\fs20\qj additional information regarding the Company's planned capital expenditures for 2018.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj Based on results for the six months ended June 30, 2022 and the Company's current Management's Price Outlook, the\plain\cf1\f51\fs20\qj Company expects that it will be able to fund its needs for cash (excluding acquisitions, if any), including the 2018 stock\plain\cf1\f51\fs20\qj repurchases, with net cash flows from operating activities, cash and cash equivalents on hand, sales of short-term and long-term\plain\cf1\f51\fs20\qj investments, proceeds from divestitures and, if necessary, availability under the Credit Facility; however, no assurances can be\plain\cf1\f51\fs20\qj given that such funding will be adequate to meet the Company's future needs.\par\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Dividends/distributions.\plain\cf1\f51\fs20\qj During February of 2018 and 2017, the Board declared semiannual dividends of $0.16 and $0.04\plain\cf1\f51\fs20\qj per common share, respectively. Future dividends are at the discretion of the Board, and, if declared, the Board may change the\plain\cf1\f51\fs20\qj current dividend amount based on the Company's liquidity and capital resources at the time.\par\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Contractual obligations.\plain\cf1\f51\fs20\qj The Company's contractual obligations include long-term debt, operating leases, drilling\plain\cf1\f51\fs20\qj commitments (primarily related to commitments to pay day rates for contracted drilling rigs), capital funding obligations,\plain\cf1\f51\fs20\qj derivative obligations, gathering, processing. transportation and fractionation commitments, and other liabilities (including\plain\cf1\f51\fs20\qj postretirement benefit obligations). Other joint interest owners in properties operated by the Company will incur portions of the\plain\cf1\f51\fs20\qj costs represented by these commitments.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj Firm purchase, gathering, transportation and fractionation commitments represent take-or-pay agreements, which include\plain\cf1\f51\fs20\qj (i) contractual commitments to purchase sand and water for use in the Company's drilling operations and (ii) fees on volume\plain\cf1\f51\fs20\qj delivery or throughput obligations for gathering, processing, transportation and fractionation services. The Company plans to\plain\cf1\f51\fs20\qj purchase third party volumes to satisfy its commitments if it is economic to do so; otherwise, it will pay the contracted fees for\plain\cf1\f51\fs20\qj any commitment shortfalls.\par\pard\plain\sb264\fi594\cf1\f51\fs20\i\qj Off-balance sheet arrangements.\plain\cf1\f51\fs20\qj From time-to-time, the Company enters into arrangements and transactions that can give\plain\cf1\f51\fs20\qj rise to material off-balance sheet obligations. As of June 30, 2018, the material off-balance sheet arrangements and transactions\plain\cf1\f51\fs20\qj that the Company had entered into included (i) operating lease agreements, (ii)\~drilling commitments, (iii) firm purchase,\plain\cf1\f51\fs20\qj transportation and fractionation commitments, (iv)\~open purchase commitments and (v)\~contractual obligations for which the\plain\cf1\f51\fs20\qj ultimate settlement amounts are not fixed and determinable. The contractual obligations for which the ultimate settlement amounts \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 34 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16\par\pard\plain\sb264\cf1\f51\fs20\qj are not fixed and determinable include (i) derivative contracts that are sensitive to future changes in commodity prices or interest\plain\cf1\f51\fs20\qj rates, (ii) gathering, processing (primarily treating and fractionation) and transportation commitments on uncertain volumes of\plain\cf1\f51\fs20\qj future throughput, (iii) open delivery commitments and (iv) indemnification obligations following certain divestitures. Other than\plain\cf1\f51\fs20\qj the off-balance sheet arrangements described above, the Company has no transactions, arrangements or other relationships with\plain\cf1\f51\fs20\qj unconsolidated entities or other parties that are reasonably likely to materially affect the Company's liquidity or availability of or\plain\cf1\f51\fs20\qj requirements for capital resources. The Company expects to enter into similar contractual arrangements in the future, including\plain\cf1\f51\fs20\qj incremental derivative contracts and additional firm purchase and transportation arrangements, in order to support the Company's\plain\cf1\f51\fs20\qj business plans. There were no material changes to the Company's contractual obligations during the six months ended June 30,\plain\cf1\f51\fs20\qj 2018 other than the repayment of the Company's 6.875% Senior Notes in May 2018.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj See Note 10 of Notes to Consolidated Financial Statements included in "Item 1. Financial Statements" for additional\plain\cf1\f51\fs20\qj information about the Company's Commitments and Contingencies.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company's commodity derivative contracts are periodically measured and recorded at fair value and continue to be\plain\cf1\f51\fs20\qj subject to market and credit risk. As of June 30, 2018, these contracts represented net liabilities of $599 million. The ultimate\plain\cf1\f51\fs20\qj settlement value of the Company's commodity derivatives will be dependent upon actual future commodity prices, which may\plain\cf1\f51\fs20\qj differ materially from the inputs used to determine the derivatives' fair values as of June 30, 2018.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj See Note 5 of Notes to Consolidated Financial Statements included in "Item 1. Financial Statements" and "Item 3.\plain\cf1\f51\fs20\qj Quantitative and Qualitative Disclosures About Market Risk" for additional information about the Company's derivative\plain\cf1\f51\fs20\qj instruments and market risk.\par\pard\plain\sb264\cf1\f51\fs20\b\qj New Accounting Pronouncements\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The effects of new accounting pronouncements are discussed in Note 2 and Note 11 of Notes to Consolidated Financial\plain\cf1\f51\fs20\qj Statements included in "Item 1. Financial Statements." \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 35 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s52d15ef594005e2a8aca721369be6d0}{\*\bkmkend s52d15ef594005e2a8aca721369be6d0}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16{\*\bkmkstart item_1_3_3}{\*\bkmkend item_1_3_3}\par\pard\plain\sb264\cf1\f51\fs20\b\ql Item\~3.\plain\cf1\f51\fs20\b\ql Quantitative and Qualitative Disclosures About Market Risk\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following quantitative and qualitative disclosures about market risk are supplementary to the quantitative and\plain\cf1\f51\fs20\qj qualitative disclosures provided in the Company's Annual Report on Form 10-K for the year ended December 31, 2017. As such,\plain\cf1\f51\fs20\qj the information contained herein should be read in conjunction with the related disclosures in the Company's Annual Report on\plain\cf1\f51\fs20\qj Form 10-K for the year ended December 31, 2017.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The primary objective of the following information is to provide forward-looking quantitative and qualitative information\plain\cf1\f51\fs20\qj about the Company's potential exposure to market risks. The term "market risks," insofar as it relates to currently anticipated\plain\cf1\f51\fs20\qj transactions of the Company, refers to the risk of loss arising from changes in commodity prices and interest rates. These\plain\cf1\f51\fs20\qj disclosures are not meant to be precise indicators of expected future losses, but rather indicators of reasonably possible losses.\plain\cf1\f51\fs20\qj This forward-looking information provides indicators regarding how the Company views and manages ongoing market risk\plain\cf1\f51\fs20\qj exposures. None of the Company's market risk sensitive instruments are entered into for speculative purposes.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company had no interest rate derivative activity during the six months ended June 30, 2018. The following table\plain\cf1\f51\fs20\qj reconciles the changes that occurred in the fair values of the Company's open commodity derivative contracts during the six\plain\cf1\f51\fs20\qj months ended June 30, 2018: \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx8959\clvertalc\cellx9249\clvertalc\cellx10508\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx8959\clvertalc\cellx9249\clvertalc\cellx10508\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx8959\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh430 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs16\b\qc Derivative Contract Net\plain\intbl\li22\ri22\sa22\cf1\f51\fs16\b\qc Assets (Liabilities)\cell{ {\trowd\trqc\clvertalb\cellx8959\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10799\trrh430\row}}} {\trowd\trqc\clvertalb\cellx8959\clvertalb\cellx10799\trrh232 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (in millions)\cell{ {\trowd\trqc\clvertalb\cellx8959\clvertalb\cellx10799\trrh232\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx8959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9249\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Fair value of contracts outstanding as of December 31, 2017\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (244\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx8959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9249\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10508\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx8959\clvertalb\cellx10509\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Changes in contract fair value\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr (566\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\cellx8959\clvertalb\cellx10509\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx8959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10509\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Contract maturity payments\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 211\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clshdng100\clcfpat12\clcbpat12\cellx8959\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10509\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh281\row}}} {\trowd\trqc\cellx8959\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9249\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10508\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Fair value of contracts outstanding as of June 30, 2018\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (599\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell{ {\trowd\trqc\cellx8959\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx9249\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10508\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx10800\trrh298\row}}}\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Interest rate sensitivity.\plain\cf1\f51\fs20\qj See Note 7 of Notes to Consolidated Financial Statements included in "Item 1. Financial\plain\cf1\f51\fs20\qj Statements" and Capital Commitments, Capital Resources and Liquidity included in "Item 2. Management's Discussion and\plain\cf1\f51\fs20\qj Analysis of Financial Condition and Results of Operations" for information regarding the Company's outstanding debt and debt\plain\cf1\f51\fs20\qj transactions.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The following table provides information about financial instruments to which the Company was a party as of June 30,\plain\cf1\f51\fs20\qj 2018 and that are sensitive to changes in interest rates. The table presents debt maturities by expected maturity dates, the\plain\cf1\f51\fs20\qj weighted average interest rates expected to be paid on the debt given current contractual terms and market conditions and the\plain\cf1\f51\fs20\qj aggregate estimated fair value of the Company's outstanding debt. For fixed rate debt, the weighted average interest rates\plain\cf1\f51\fs20\qj represent the contractual fixed rates that the Company was obligated to periodically pay on the debt as of June 30, 2018.\plain\cf1\f51\fs20\qj Although the Company had no outstanding variable rate debt as of June 30, 2018, the average variable contractual rates for its\plain\cf1\f51\fs20\qj credit facility (that matures in August 2020) projected forward proportionate to the forward yield curve for LIBOR on August 6,\plain\cf1\f51\fs20\qj 2018 is presented in the table below. \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx2176\clvertalc\cellx2464\clvertalc\cellx3384\clvertalc\cellx3672\clvertalc\cellx3765\clvertalc\cellx3891\clvertalc\cellx4555\clvertalc\cellx4741\clvertalc\cellx4834\clvertalc\cellx4960\clvertalc\cellx5415\clvertalc\cellx5601\clvertalc\cellx5694\clvertalc\cellx5820\clvertalc\cellx6275\clvertalc\cellx6461\clvertalc\cellx6554\clvertalc\cellx6680\clvertalc\cellx7135\clvertalc\cellx7321\clvertalc\cellx7414\clvertalc\cellx7697\clvertalc\cellx8285\clvertalc\cellx8568\clvertalc\cellx8661\clvertalc\cellx8804\clvertalc\cellx9317\clvertalc\cellx9460\clvertalc\cellx9553\clvertalc\cellx9779\clvertalc\cellx10558\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx2176\clvertalc\cellx2464\clvertalc\cellx3384\clvertalc\cellx3672\clvertalc\cellx3765\clvertalc\cellx3891\clvertalc\cellx4555\clvertalc\cellx4741\clvertalc\cellx4834\clvertalc\cellx4960\clvertalc\cellx5415\clvertalc\cellx5601\clvertalc\cellx5694\clvertalc\cellx5820\clvertalc\cellx6275\clvertalc\cellx6461\clvertalc\cellx6554\clvertalc\cellx6680\clvertalc\cellx7135\clvertalc\cellx7321\clvertalc\cellx7414\clvertalc\cellx7697\clvertalc\cellx8285\clvertalc\cellx8568\clvertalc\cellx8661\clvertalc\cellx8804\clvertalc\cellx9317\clvertalc\cellx9460\clvertalc\cellx9553\clvertalc\cellx9779\clvertalc\cellx10558\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx2176\clvertalb\cellx3672\clvertalb\cellx3765\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7329\clvertalb\cellx7422\clvertalb\cellx8577\clvertalb\cellx8670\clvertalb\cellx9469\clvertalb\cellx9562\clvertalb\cellx10794\trrh702 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Six Months\plain\intbl\li22\ri22\cf1\f51\fs18\b\qc Ending December\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc 31,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs18\b\qc Year Ending December 31,\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Liability Fair\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc Value at\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc June 30,\cell{ {\trowd\clvertalb\cellx2176\clvertalb\cellx3672\clvertalb\cellx3765\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7329\clvertalb\cellx7422\clvertalb\cellx8577\clvertalb\cellx8670\clvertalb\cellx9469\clvertalb\cellx9562\clvertalb\cellx10794\trrh702\row}}} {\trowd\clvertalb\cellx2176\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3672\clvertalb\cellx3765\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4742\clbrdrt\brdrs\brdrcf1\clvertalb\cellx4835\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5603\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5696\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6464\clvertalb\cellx6557\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7325\clvertalb\cellx7418\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8573\clvertalb\cellx8666\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9465\clvertalb\cellx9558\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10790\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2019\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2020\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2021\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2022\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Thereafter\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc Total\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell{ {\trowd\clvertalb\cellx2176\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3672\clvertalb\cellx3765\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4742\clbrdrt\brdrs\brdrcf1\clvertalb\cellx4835\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5603\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5696\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6464\clvertalb\cellx6557\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7325\clvertalb\cellx7418\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8573\clvertalb\cellx8666\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9465\clvertalb\cellx9558\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10790\trrh298\row}}} {\trowd\clvertalb\cellx2176\clvertalb\cellx10799\trrh256 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs16\b\qc (dollars in millions)\cell{ {\trowd\clvertalb\cellx2176\clvertalb\cellx10799\trrh256\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2176\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3672\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3765\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4742\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4835\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6464\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6557\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7325\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7418\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8573\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8666\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9465\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9558\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10790\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Total Debt:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2176\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3672\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3765\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4742\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4835\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6464\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6557\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7325\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7418\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8573\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8666\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9465\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9558\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10790\trrh281\row}}} {\trowd\clvertalb\cellx2176\clvertalb\cellx2464\clvertalb\cellx3384\clvertalb\cellx3672\clvertalb\cellx3765\clvertalb\cellx3891\clvertalb\cellx4555\clvertalb\cellx4741\clvertalb\cellx4834\clvertalb\cellx4960\clvertalb\cellx5415\clvertalb\cellx5601\clvertalb\cellx5694\clvertalb\cellx5820\clvertalb\cellx6275\clvertalb\cellx6461\clvertalb\cellx6554\clvertalb\cellx6680\clvertalb\cellx7135\clvertalb\cellx7321\clvertalb\cellx7414\clvertalb\cellx7697\clvertalb\cellx8285\clvertalb\cellx8568\clvertalb\cellx8661\clvertalb\cellx8804\clvertalb\cellx9317\clvertalb\cellx9460\clvertalb\cellx9553\clvertalb\cellx9779\clvertalb\cellx10558\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li198\ri22\sb22\fi-198\cf1\f51\fs20\ql Fixed rate principal\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql maturities\~(a)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 450\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 500\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 600\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 750\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,300\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2,397\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx2176\clvertalb\cellx2464\clvertalb\cellx3384\clvertalb\cellx3672\clvertalb\cellx3765\clvertalb\cellx3891\clvertalb\cellx4555\clvertalb\cellx4741\clvertalb\cellx4834\clvertalb\cellx4960\clvertalb\cellx5415\clvertalb\cellx5601\clvertalb\cellx5694\clvertalb\cellx5820\clvertalb\cellx6275\clvertalb\cellx6461\clvertalb\cellx6554\clvertalb\cellx6680\clvertalb\cellx7135\clvertalb\cellx7321\clvertalb\cellx7414\clvertalb\cellx7697\clvertalb\cellx8285\clvertalb\cellx8568\clvertalb\cellx8661\clvertalb\cellx8804\clvertalb\cellx9317\clvertalb\cellx9460\clvertalb\cellx9553\clvertalb\cellx9779\clvertalb\cellx10558\clvertalb\cellx10800\trrh529\row}}} {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2176\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3384\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3672\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3765\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4556\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4742\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4835\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5417\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6278\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6464\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6557\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7139\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7325\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7418\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8289\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8572\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9464\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9557\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh529 \pard\plain\intbl\li198\ri22\sb22\fi-198\cf1\f51\fs20\ql Weighted average\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql fixed interest rate\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 5.00\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql %\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 5.00\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql %\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 4.42\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql %\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 4.72\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql %\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 4.94\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql %\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 5.70\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql %\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx2176\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3384\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3672\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3765\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4556\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4742\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4835\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5417\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5603\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5696\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6278\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6464\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6557\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7139\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7325\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7418\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8289\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8572\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8665\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9464\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9557\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh529\row}}} {\trowd\clvertalb\cellx2176\clvertalb\cellx3384\clvertalb\cellx3672\clvertalb\cellx3765\clvertalb\cellx4556\clvertalb\cellx4742\clvertalb\cellx4835\clvertalb\cellx5417\clvertalb\cellx5603\clvertalb\cellx5696\clvertalb\cellx6464\clvertalb\cellx6557\clvertalb\cellx7139\clvertalb\cellx7325\clvertalb\cellx7418\clvertalb\cellx8289\clvertalb\cellx8572\clvertalb\cellx8665\clvertalb\cellx9464\clvertalb\cellx9557\clvertalb\cellx10789\trrh529 \pard\plain\intbl\li198\ri22\sb22\fi-88\cf1\f51\fs20\ql Average variable\plain\intbl\li198\ri22\sa22\cf1\f51\fs20\ql interest rate\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3.79\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql %\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 4.19\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql %\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 4.28\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql %\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx2176\clvertalb\cellx3384\clvertalb\cellx3672\clvertalb\cellx3765\clvertalb\cellx4556\clvertalb\cellx4742\clvertalb\cellx4835\clvertalb\cellx5417\clvertalb\cellx5603\clvertalb\cellx5696\clvertalb\cellx6464\clvertalb\cellx6557\clvertalb\cellx7139\clvertalb\cellx7325\clvertalb\cellx7418\clvertalb\cellx8289\clvertalb\cellx8572\clvertalb\cellx8665\clvertalb\cellx9464\clvertalb\cellx9557\clvertalb\cellx10789\trrh529\row}}}\pard\plain\cf1\f51\fs20\ql \~____________________ \par\pard\plain {\trowd\clvertalc\cellx630\clvertalc\cellx8992\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx630\clvertalc\cellx8992\trrh66\row}}} {\trowd\cellx630\cellx8992\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\qj Represents maturities of principal amounts, excluding debt issuance costs and debt issuance\plain\intbl\cf1\f51\fs20\qj discounts.\cell{ {\trowd\cellx630\cellx8992\trrh495\row}}} \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\qc 36 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Commodity derivative instruments and price sensitivity.\plain\cf1\f51\fs20\qj The following table provides information about the Company's oil,\plain\cf1\f51\fs20\qj NGL and gas derivative financial instruments that were sensitive to changes in oil, NGL and gas prices as of June 30, 2018.\plain\cf1\f51\fs20\qj Although mitigated by the Company's derivative activities, declines in oil, NGL and gas prices would reduce the Company's\plain\cf1\f51\fs20\qj revenues.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company manages commodity price risk with derivative contracts, such as swap contracts, collar contracts and collar\plain\cf1\f51\fs20\qj contracts with short put options. Swap contracts provide a fixed price for a notional amount of sales volumes. Collar contracts\plain\cf1\f51\fs20\qj provide minimum ("floor" or "long put") and maximum ("ceiling") prices on a notional amount of sales volumes, thereby\plain\cf1\f51\fs20\qj allowing some price participation if the relevant index price closes above the floor price. Collar contracts with short put options\plain\cf1\f51\fs20\qj differ from other collar contracts by virtue of the short put option price, below which the Company's realized price will exceed\plain\cf1\f51\fs20\qj the variable market prices by the long put-to-short put price differential.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj See Notes 4 and 5 of Notes to Consolidated Financial Statements included in "Item 1. Financial Statements" for a\plain\cf1\f51\fs20\qj description of the accounting procedures followed by the Company for its derivative financial instruments and for specific\plain\cf1\f51\fs20\qj information regarding the terms of the Company's derivative financial instruments that are sensitive to changes in oil, NGL or gas\plain\cf1\f51\fs20\qj prices. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 37 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16 \par\pard\plain {\trowd\clvertalc\cellx10787\cellx10789\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10787\cellx10789\trrh66\row}}} {\trowd\clvertalc\cellx4094\clvertalc\cellx4332\clvertalc\cellx5372\clvertalc\cellx5610\clvertalc\cellx5710\clvertalc\cellx5948\clvertalc\cellx6988\clvertalc\cellx7226\clvertalc\cellx7326\clvertalc\cellx7658\clvertalc\cellx8738\clvertalc\cellx9026\clvertalc\cellx9126\clvertalc\cellx9414\clvertalc\cellx10494\clvertalc\cellx10782\cellx10789\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx4094\clvertalc\cellx4332\clvertalc\cellx5372\clvertalc\cellx5610\clvertalc\cellx5710\clvertalc\cellx5948\clvertalc\cellx6988\clvertalc\cellx7226\clvertalc\cellx7326\clvertalc\cellx7658\clvertalc\cellx8738\clvertalc\cellx9026\clvertalc\cellx9126\clvertalc\cellx9414\clvertalc\cellx10494\clvertalc\cellx10782\cellx10789\trrh66\row}}} {\trowd\clvertalb\cellx4094\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\clvmgf\cellx9028\clvertalb\cellx9128\clvertalb\clvmgf\cellx10785\cellx10789\trrh281 \pard\plain\intbl\li858\ri22\sb22\sa22\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\b\qc 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Year Ending\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc December 31, 2019\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs18\b\qc Asset (Liability)\plain\intbl\li22\ri22\cf1\f51\fs18\b\qc Fair Value at June\plain\intbl\li22\ri22\sa22\cf1\f51\fs18\b\qc 30, 2018 (a)\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx4094\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\clvmgf\cellx9028\clvertalb\cellx9128\clvertalb\clvmgf\cellx10785\cellx10789\trrh281\row}}} {\trowd\clvertalb\cellx4094\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5611\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5711\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7228\clvertalb\cellx7328\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx9028\clvertalb\cellx9128\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx10785\clvertalc\cellx10789\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\b\qc Third Quarter\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs18\b\qc Fourth Quarter\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx4094\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5611\clbrdrt\brdrs\brdrcf1\clvertalb\cellx5711\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7228\clvertalb\cellx7328\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx9028\clvertalb\cellx9128\clbrdrb\brdrs\brdrcf1\clvertalb\clvmrg\cellx10785\clvertalc\cellx10789\trrh298\row}}} {\trowd\clvertalb\cellx4094\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx10785\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc (in\~millions)\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalb\cellx4094\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx10785\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10785\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Oil Derivatives:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10785\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx10785\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Average daily notional Bbl volumes:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx10785\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6990\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8740\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9416\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10496\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10784\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Collar contracts\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 3,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (7\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6990\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8740\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9416\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10496\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10784\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Weighted average ceiling price per Bbl\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 58.05\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 58.05\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Weighted average floor price per Bbl\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 45.00\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 45.00\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx5373\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx6990\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx8740\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx9416\clvertalb\cellx10496\clvertalb\cellx10784\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Collar contracts with short puts\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 154,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 159,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 65,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (560\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx5373\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx6990\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx8740\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx9416\clvertalb\cellx10496\clvertalb\cellx10784\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Weighted average ceiling price per Bbl\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 57.70\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 57.62\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 60.74\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Weighted average floor price per Bbl\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 47.34\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 47.26\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 52.69\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Weighted average short put price per Bbl\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 37.31\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 37.23\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 42.69\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Average forward NYMEX oil prices (b)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 69.01\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 67.51\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 64.86\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10785\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql NGL Derivatives:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10785\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx5373\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx6990\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx8740\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx9416\clvertalb\cellx10496\clvertalb\cellx10784\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Ethane basis swap contracts (MMBtu) (c)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 6,920\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 6,920\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 6,920\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx5373\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx6990\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx8740\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx9416\clvertalb\cellx10496\clvertalb\cellx10784\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh529 \pard\plain\intbl\li462\ri22\sb22\cf1\f51\fs20\ql Weighted average price differential per\plain\intbl\li462\ri22\sa22\cf1\f51\fs20\ql MMBtu\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.60\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.60\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.60\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh529\row}}} {\trowd\clshdng100\clcfpat7\clcbpat7\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Average forward NYMEX gas prices (b)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.86\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.92\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.76\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat7\clcbpat7\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10785\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\ql Gas Derivatives:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10785\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx10785\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Average daily notional MMBtu volumes:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx10785\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6990\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8740\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9416\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10496\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10784\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Swap contracts\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 100,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 100,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6990\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8740\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9416\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10496\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10784\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Weighted average fixed price per MMBtu\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 3.00\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 3.00\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6990\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8740\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9416\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10496\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10784\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Collar contracts with short puts\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 50,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 50,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6990\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8740\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9416\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10496\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10784\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Weighted average ceiling price per MMBtu\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 3.40\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 3.40\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li462\ri22\sb22\sa22\cf1\f51\fs20\ql Weighted average floor price per MMBtu\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.75\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.75\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh529 \pard\plain\intbl\li462\ri22\sb22\cf1\f51\fs20\ql Weighted average short put price per\plain\intbl\li462\ri22\sa22\cf1\f51\fs20\ql MMBtu\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.25\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.25\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh529\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Average forward NYMEX gas prices (b)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.86\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 2.92\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx10785\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Basis swap contracts:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx10785\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6990\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8740\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9416\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10496\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10784\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Permian Basin index swap volume (d)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 60,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 60,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 44,877\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (37\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5373\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5611\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5711\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6990\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7228\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7328\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8740\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9028\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9128\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9416\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10496\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10784\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Weighted average fixed price per MMBtu\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (1.46\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (1.46\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (1.46\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li88\ri22\sb22\sa22\cf1\f51\fs20\ql Average forward basis differential prices (e)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (0.94\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (1.10\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr (1.15\cell\pard\plain\intbl\ri22\sb22\sa22\cf1\f51\fs20\ql )\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx5373\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx6990\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx8740\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx9416\clvertalb\cellx10496\clvertalb\cellx10784\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Southern California index swap contracts (f)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 80,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 66,522\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 84,932\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 6\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx5373\clvertalb\cellx5611\clvertalb\cellx5711\clvertalb\cellx6990\clvertalb\cellx7228\clvertalb\cellx7328\clvertalb\cellx8740\clvertalb\cellx9028\clvertalb\cellx9128\clvertalb\cellx9416\clvertalb\cellx10496\clvertalb\cellx10784\clvertalc\cellx10789\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281 \pard\plain\intbl\li330\ri22\sb22\sa22\cf1\f51\fs20\ql Weighted average fixed price per MMBtu\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.30\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.50\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 0.33\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx4094\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4332\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5372\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5610\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5710\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5948\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6988\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7226\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7326\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7658\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8738\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9026\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9126\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10783\clvertalc\clshdng100\clcfpat12\clcbpat12\cellx10789\trrh281\row}}} {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql Average forward basis differential prices (g)\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.65\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.35\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 1.09\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx4094\clvertalb\cellx4332\clvertalb\cellx5372\clvertalb\cellx5610\clvertalb\cellx5710\clvertalb\cellx5948\clvertalb\cellx6988\clvertalb\cellx7226\clvertalb\cellx7326\clvertalb\cellx7658\clvertalb\cellx8738\clvertalb\cellx9026\clvertalb\cellx9126\clvertalb\cellx10783\clvertalc\cellx10789\trrh281\row}}}\pard\plain\sb154\cf1\f51\fs20\ql \~\par\pard\plain\li66\cf1\f51\fs20\b\qj ___________________ \par\pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh1238 \pard\plain\intbl\li396\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql In accordance with Financial Accounting Standards Board ("FASB") Accounting Standards Codification ("ASC") 210-20\plain\intbl\cf1\f51\fs20\ql and ASC 815-10, the Company classifies the fair value amounts of derivative assets and liabilities executed under\plain\intbl\cf1\f51\fs20\ql master netting arrangements as net derivative assets or net derivative liabilities, as the case may be. The net asset and\plain\intbl\cf1\f51\fs20\ql liability amounts shown above have been provided on a commodity contract-type basis, which may differ from their\plain\intbl\cf1\f51\fs20\ql master netting arrangements classifications.\cell{ {\trowd\cellx720\cellx10800\trrh1238\row}}} \pard\plain {\trowd\clvertalc\cellx602\clvertalc\cellx8361\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx602\clvertalc\cellx8361\trrh66\row}}} {\trowd\cellx602\cellx8361\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\ql The average forward NYMEX oil and gas prices are based on August 6, 2022 market\plain\intbl\cf1\f51\fs20\ql quotes.\cell{ {\trowd\cellx602\cellx8361\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh990 \pard\plain\intbl\li396\cf1\f51\fs20\ql (c)\cell\pard\plain\intbl\cf1\f51\fs20\qj The ethane basis swap contracts reduce the price volatility of ethane forecasted for sale by the Company at Mont\plain\intbl\cf1\f51\fs20\qj Belvieu, Texas-posted prices. The ethane basis swap contracts fix the basis differential on a NYMEX Henry Hub\plain\intbl\cf1\f51\fs20\qj ("HH") MMBtu equivalent basis. The Company will receive the HH price plus the price differential on 6,920 MMBtu\plain\intbl\cf1\f51\fs20\qj per day, which is equivalent to 2,500 Bbls per day of ethane.\cell{ {\trowd\cellx720\cellx10800\trrh990\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql (d)\cell\pard\plain\intbl\cf1\f51\fs20\qj The referenced swap contracts fix the basis differential between the index prices at which the Company sells its Permian\plain\intbl\cf1\f51\fs20\qj Basin gas and the HH index price used in swap contracts and collar contracts with short puts.\cell{ {\trowd\cellx720\cellx10800\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql (e)\cell\pard\plain\intbl\cf1\f51\fs20\qj The average forward basis differential prices are based on August 6, 2022 market quotes for basis differentials between\plain\intbl\cf1\f51\fs20\qj Permian Basin index prices and the HH index price.\cell{ {\trowd\cellx720\cellx10800\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql (f)\cell\pard\plain\intbl\cf1\f51\fs20\qj The referenced swap contracts fix the basis differential between Permian Basin index prices and southern California\plain\intbl\cf1\f51\fs20\qj index prices for Permian Basin gas forecasted for sale in Arizona and southern California.\cell{ {\trowd\cellx720\cellx10800\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql (g)\cell\pard\plain\intbl\cf1\f51\fs20\qj The average forward basis differential prices are based on August 6, 2022 market quotes for basis differentials between\plain\intbl\cf1\f51\fs20\qj Permian Basin index prices and southern California index prices.\cell{ {\trowd\cellx720\cellx10800\trrh495\row}}} \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\qc 38 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16\par\pard\plain\li66\sb264\fi594\cf1\f51\fs20\i\qj Marketing derivatives.\plain\li66\cf1\f51\fs20\qj Periodically, the Company enters into buy and sell marketing arrangements to fulfill firm pipeline\plain\li66\cf1\f51\fs20\qj transportation commitments. As of June 30, 2018, the Company was party to July and August 2018 oil basis swap contracts for\plain\li66\cf1\f51\fs20\qj 3,000 Bbls per day of Permian Basin oil forecasted for sale to a Gulf Coast refinery with a price differential of $3.30 per Bbl\plain\li66\cf1\f51\fs20\qj between NYMEX WTI and Magellan East Houston oil prices. As of June 30, 2018, these positions had a liability fair value of\plain\li66\cf1\f51\fs20\qj $2 million. \par\pard\plain\fs16 \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 39 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart sb95f0cdcb9e353f1a3553c4cc71488b}{\*\bkmkend sb95f0cdcb9e353f1a3553c4cc71488b}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16{\*\bkmkstart item_1_3_4}{\*\bkmkend item_1_3_4}\par\pard\plain\cf1\f51\fs20\b\ql Item\~4.\plain\cf1\f51\fs20\b\ql Controls and Procedures\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Evaluation of disclosure controls and procedures.\plain\cf1\f51\fs20\qj The Company's management, with the participation of its principal\plain\cf1\f51\fs20\qj executive officer and principal financial officer, have evaluated, as required by Rule 13a-15(b) under the Securities Exchange Act\plain\cf1\f51\fs20\qj of 1934 (the "Exchange Act"), the effectiveness of the Company's disclosure controls and procedures (as defined in Exchange Act\plain\cf1\f51\fs20\qj Rule 13a-15(e)) as of the end of the period covered by this Report. Based on that evaluation, the principal executive officer and\plain\cf1\f51\fs20\qj principal financial officer concluded that the Company's disclosure controls and procedures were effective, as of the end of the\plain\cf1\f51\fs20\qj period covered by this Report, in ensuring that information required to be disclosed by the Company in the reports that it files or\plain\cf1\f51\fs20\qj submits under the Exchange Act is recorded, processed, summarized and reported within the time periods specified in the SEC's\plain\cf1\f51\fs20\qj rules and forms, including that such information is accumulated and communicated to the Company's management, including the\plain\cf1\f51\fs20\qj principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure.\par\pard\plain\sb264\fi594\cf1\f51\fs20\b\i\qj Changes in internal control over financial reporting.\plain\cf1\f51\fs20\qj During the three months ended June 30, 2018, the Company\plain\cf1\f51\fs20\qj implemented a new enterprise resource planning ("ERP") system. Accordingly, the Company modified the design and\plain\cf1\f51\fs20\qj documentation of certain internal control processes and procedures relating to the new ERP system, which resulted in changes to\plain\cf1\f51\fs20\qj the Company's internal control over financial reporting (as defined in Rule 13a-15(f) under the Exchange Act). The Company\plain\cf1\f51\fs20\qj expects the new ERP system to strengthen its internal financial controls by automating certain manual processes and\plain\cf1\f51\fs20\qj standardizing business processes and reporting across the organization. \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 40 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s7d19a314150a54febe78d40ed153d91}{\*\bkmkend s7d19a314150a54febe78d40ed153d91}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16{\*\bkmkstart part_1_2_2}{\*\bkmkend part_1_2_2}\par\pard\plain\cf1\f51\fs20\b\qc PART II. OTHER INFORMATION\plain\cf1\f51\fs18\qc \~{\*\bkmkstart sbc7d08a882445e5d9983f0a552f483d}{\*\bkmkend sbc7d08a882445e5d9983f0a552f483d}{\*\bkmkstart item_1_3_5}{\*\bkmkend item_1_3_5}\par\pard\plain\cf1\f51\fs20\b\ql Item\~1.\plain\cf1\f51\fs20\b\ql Legal Proceedings\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj The Company is party to various proceedings and claims incidental to its business. While many of these matters involve\plain\cf1\f51\fs20\qj inherent uncertainty, the Company believes that the amount of the liability, if any, ultimately incurred with respect to these\plain\cf1\f51\fs20\qj proceedings and claims will not have a material adverse effect on the Company's consolidated financial position as a whole or on\plain\cf1\f51\fs20\qj its liquidity, capital resources or future annual results of operations.\~See Note 10 of Notes to Consolidated Financial Statements\plain\cf1\f51\fs20\qj included in "Part I, Item 1. Financial Statements" for additional information regarding legal proceedings involving the Company.{\*\bkmkstart s00c2079984025085bfd2494158f8286}{\*\bkmkend s00c2079984025085bfd2494158f8286}{\*\bkmkstart item_1_3_6}{\*\bkmkend item_1_3_6}\par\pard\plain\sb396\cf1\f51\fs20\b\ql Item\~1A\plain\cf1\f51\fs20\b\ql .\plain\cf1\f51\fs20\b\ql Risk Factors\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj In addition to the information set forth in this Report, the risks that are discussed in the Company's Annual Report on\plain\cf1\f51\fs20\qj Form 10-K for the year ended December 31, 2017, under the headings "Part I, Item\~1. Business \u8211? Competition, Markets\plain\cf1\f51\fs20\qj and Regulations," "Part I, Item\~1A. Risk Factors" and "Part II, Item\~7A. Quantitative and Qualitative Disclosures About Market\plain\cf1\f51\fs20\qj Risk" should be carefully considered as such risks could materially affect the Company's business, financial condition or future\plain\cf1\f51\fs20\qj results. There has been no material change in the Company's risk factors from those described in the Annual Report on Form\plain\cf1\f51\fs20\qj 10-K.\par\pard\plain\sb264\fi594\cf1\f51\fs20\qj These risks are not the only risks facing the Company. Additional risks and uncertainties not currently known to the\plain\cf1\f51\fs20\qj Company or that it currently deems to be immaterial also may have a material adverse effect on the Company's business,\plain\cf1\f51\fs20\qj financial condition or future results.{\*\bkmkstart s0accfa8914d956de816afea96b5316d}{\*\bkmkend s0accfa8914d956de816afea96b5316d}{\*\bkmkstart item_1_3_7}{\*\bkmkend item_1_3_7}\par\pard\plain\sb396\cf1\f51\fs20\b\ql Item\~2.\plain\cf1\f51\fs20\b\ql Unregistered Sales of Equity Securities and Use of Proceeds\par\pard\plain\sb264\cf1\f51\fs20\b\ql Purchases of Equity Securities by the Issuer and Affiliated Purchasers\par\pard\plain\sb132\fi528\cf1\f51\fs20\qj The following table summarizes the Company's purchases of treasury stock under plans or programs during the three\plain\cf1\f51\fs20\qj months ended June 30, 2018:\plain\cf1\f51\fs18\qj \~ \par\pard\plain {\trowd\clvertalc\cellx10736\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10736\trrh66\row}}} {\trowd\clvertalc\cellx1802\clvertalc\cellx1895\clvertalc\cellx3191\clvertalc\cellx3774\clvertalc\cellx3867\clvertalc\cellx4208\clvertalc\cellx5499\clvertalc\cellx5840\clvertalc\cellx5933\clvertalc\cellx7354\clvertalc\cellx8090\clvertalc\cellx8183\clvertalc\cellx8712\clvertalc\cellx10201\clvertalc\cellx10736\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx1802\clvertalc\cellx1895\clvertalc\cellx3191\clvertalc\cellx3774\clvertalc\cellx3867\clvertalc\cellx4208\clvertalc\cellx5499\clvertalc\cellx5840\clvertalc\cellx5933\clvertalc\cellx7354\clvertalc\cellx8090\clvertalc\cellx8183\clvertalc\cellx8712\clvertalc\cellx10201\clvertalc\cellx10736\trrh66\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx1802\clvertalb\cellx1895\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3775\clvertalb\cellx3868\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5842\clvertalb\cellx5935\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8092\clvertalb\cellx8185\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10733\trrh1024 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\ql Period\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Total\~Number\~of\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Shares Purchased (a)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Average\~Price\~\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Paid\~per Share\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Total\~Number\~of\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Shares\~\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Purchased\~As\~Part\~of\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Publicly Announced\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Plans or Programs\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Approximate\~Dollar\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Value\~of\~Shares\~that\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc May\~Yet\~Be\~Purchased\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc under Plans or\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Programs (b)\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx1802\clvertalb\cellx1895\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3775\clvertalb\cellx3868\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5842\clvertalb\cellx5935\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8092\clvertalb\cellx8185\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10733\trrh1024\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx1802\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1895\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3191\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3774\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3867\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4208\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5499\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5840\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5933\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7354\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8090\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8183\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8712\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10201\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10736\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql April 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 458\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 182.84\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 82,995,111\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx1802\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1895\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3191\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3774\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3867\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4208\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5499\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5840\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5933\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7354\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8090\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8183\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8712\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10201\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10736\trrh298\row}}} {\trowd\cellx1802\clvertalb\cellx1895\clvertalb\cellx3191\clvertalb\cellx3774\clvertalb\cellx3867\clvertalb\cellx4208\clvertalb\cellx5499\clvertalb\cellx5840\clvertalb\cellx5933\clvertalb\cellx7354\clvertalb\cellx8090\clvertalb\cellx8183\clvertalb\cellx8712\clvertalb\cellx10201\clvertalb\cellx10736\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql May 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 375\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 208.47\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr \u8212?\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 82,995,111\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\cellx1802\clvertalb\cellx1895\clvertalb\cellx3191\clvertalb\cellx3774\clvertalb\cellx3867\clvertalb\cellx4208\clvertalb\cellx5499\clvertalb\cellx5840\clvertalb\cellx5933\clvertalb\cellx7354\clvertalb\cellx8090\clvertalb\cellx8183\clvertalb\cellx8712\clvertalb\cellx10201\clvertalb\cellx10736\trrh281\row}}} {\trowd\clshdng100\clcfpat12\clcbpat12\cellx1802\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1895\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3191\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3774\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3867\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5499\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5840\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5933\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7354\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8090\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8183\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8712\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10201\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10736\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql June 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 30,130\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 178.31\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 30,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\ql $\cell\pard\plain\intbl\sb22\sa22\cf1\f51\fs20\qr 77,647,626\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clshdng100\clcfpat12\clcbpat12\cellx1802\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx1895\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3191\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3774\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx3867\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4208\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5499\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5840\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx5933\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7354\clbrdrb\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8090\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8183\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8712\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10201\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10736\trrh281\row}}} {\trowd\cellx1802\clvertalb\cellx1895\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3191\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3774\clvertalb\cellx3867\clvertalb\cellx5841\clvertalb\cellx5934\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7355\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8091\clvertalb\cellx8184\clvertalb\cellx10732\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Total\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 30,963\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\sb22\sa22\cf1\f51\fs20\qr 30,000\cell \par\pard\plain\intbl\fs16\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\cellx1802\clvertalb\cellx1895\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3191\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx3774\clvertalb\cellx3867\clvertalb\cellx5841\clvertalb\cellx5934\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx7355\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrdb\brdrcf1\clvertalb\cellx8091\clvertalb\cellx8184\clvertalb\cellx10732\trrh298\row}}}\pard\plain\cf1\f51\fs20\ql \~____________________ \par\pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh742 \pard\plain\intbl\li396\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\qj Includes 458 shares, 375 shares and 130 shares purchased from employees during April, May and June 2018,\plain\intbl\cf1\f51\fs20\qj respectively, in order for the employee to satisfy tax withholding payments related to share-based awards that vested\plain\intbl\cf1\f51\fs20\qj during the period.\cell{ {\trowd\cellx720\cellx10800\trrh742\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh742 \pard\plain\intbl\li396\cf1\f51\fs20\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\qj In February 2008, the Company's board of directors approved a common stock repurchase program to offset the\plain\intbl\cf1\f51\fs20\qj impact of dilution associated with annual employee stock awards. The stock repurchase program allows for up to\plain\intbl\cf1\f51\fs20\qj $100 million of common stock to be repurchased during 2018.\cell{ {\trowd\cellx720\cellx10800\trrh742\row}}}{\*\bkmkstart s7a61d1ffbd665972b51f5cabbc226a1}{\*\bkmkend s7a61d1ffbd665972b51f5cabbc226a1}{\*\bkmkstart item_1_3_8}{\*\bkmkend item_1_3_8}\pard\plain\sb396\cf1\f51\fs20\b\ql Item\~4.\plain\cf1\f51\fs20\b\ql Mine Safety Disclosures\par\pard\plain\sb264\fi528\cf1\f51\fs20\qj The Company's sand mines are subject to regulation by the Federal Mine Safety and Health Administration under the\plain\cf1\f51\fs20\qj Federal Mine Safety and Health Act of 1977, as amended by the Mine Improvement and New Emergency Response Act of 2006.\plain\cf1\f51\fs20\qj Information concerning mine safety violations or other regulatory matters required by Section\~1503(a) of the Dodd-Frank Wall\plain\cf1\f51\fs20\qj Street Reform and Consumer Protection Act and Item\~104 of Regulation S-K is included in Exhibit 95.1 to this Report\plain\cf1\f51\fs16\qj . \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 41 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s645d8826b04c598abc0ae7cbda6375f}{\*\bkmkend s645d8826b04c598abc0ae7cbda6375f}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16{\*\bkmkstart item_1_3_9}{\*\bkmkend item_1_3_9}\par\pard\plain\sb396\cf1\f51\fs20\b\ql Item\~6.\plain\cf1\f51\fs20\b\ql Exhibits\par\pard\plain\sb264\cf1\f51\fs20\b\i\ql Exhibits\par\pard\plain\cf1\f51\fs18\ql \~ \par\pard\plain {\trowd\clvertalc\cellx10799\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10799\trrh66\row}}} {\trowd\clvertalc\cellx964\clvertalc\cellx1071\clvertalc\cellx2018\clvertalc\cellx2125\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx964\clvertalc\cellx1071\clvertalc\cellx2018\clvertalc\cellx2125\clvertalc\cellx10800\trrh66\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh430 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs16\b\ql Exhibit \par\pard\plain\intbl\fs16\pard\plain\intbl\li22\ri22\sa22\cf1\f51\fs16\b\ql Number\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\b\qc Description\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh430\row}}} {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql 10.1\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qr (a)\~\u8212?\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_2" }{\*\fldrslt\cf3\f51\fs20\ql Eleventh Amendment to the Pioneer Natural Resources USA, Inc. 401(k) and Matching Plan dated}}\plain\intbl\li22\ri22\sa22\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_2" }{\*\fldrslt\cf3\f51\fs20\ql June 29, 2018.}}\cell{ {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh529\row}}} {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ 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}{\*\fldrslt\cf3\f51\fs20\ql Ernst & Young LLP Preferability Letter}}\cell{ {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql 31.1\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qr (a)\~\u8212?\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_5" }{\*\fldrslt\cf3\f51\fs20\ql Chief Executive Officer certification under Section 302 of Sarbanes-Oxley Act of 2002.}}\cell{ {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} 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{\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql 32.2\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qr (b)\~\u8212?\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_8" }{\*\fldrslt\cf3\f51\fs20\ql Chief Financial Officer certification under Section 906 of Sarbanes-Oxley Act of 2002.}}\cell{ {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql 95.1\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qr (a)\~\u8212?\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\ul{\field{\*\fldinst HYPERLINK \\l "doc_1_9" }{\*\fldrslt\cf3\f51\fs20\ql Mine Safety Disclosures.}}\cell{ {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql 101.INS\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qr (a)\~\u8212?\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql XBRL Instance Document.\cell{ {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ 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\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql 101.CAL\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qr (a)\~\u8212?\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql XBRL Taxonomy Extension Calculation Linkbase Document.\cell{ {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql 101.DEF\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qr (a)\~\u8212?\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql XBRL Taxonomy Extension Definition Linkbase Document.\cell{ {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql 101.LAB\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qr (a)\~\u8212?\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql XBRL Taxonomy Extension Label Linkbase Document.\cell{ {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx964\clvertalb\cellx1071\clvertalb\cellx2018\clvertalb\cellx2125\clvertalb\cellx10800\trrh281\row}}} {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\cellx10800\trrh281 \pard\plain\intbl\li198\ri22\sb22\sa22\cf1\f51\fs20\ql 101.PRE\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qr (a)\~\u8212?\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql XBRL Taxonomy Extension Presentation Linkbase Document.\cell{ {\trowd\cellx964\clvertalb\cellx1071\cellx2018\clvertalb\cellx2125\cellx10800\trrh281\row}}}\pard\plain\cf1\f51\fs20\ql \~_____________ \par\pard\plain {\trowd\clvertalc\cellx247\clvertalc\cellx1552\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx247\clvertalc\cellx1552\trrh66\row}}} {\trowd\cellx247\cellx1552\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql Filed\plain\intbl\cf1\f51\fs20\ql herewith.\cell{ {\trowd\cellx247\cellx1552\trrh495\row}}} \pard\plain {\trowd\clvertalc\cellx262\clvertalc\cellx1953\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx262\clvertalc\cellx1953\trrh66\row}}} {\trowd\cellx262\cellx1953\trrh495 \pard\plain\intbl\cf1\f51\fs20\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\ql Furnished\plain\intbl\cf1\f51\fs20\ql herewith.\cell{ {\trowd\cellx262\cellx1953\trrh495\row}}} \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\qc 42 \par\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page{\*\bkmkstart s717d40730554548f88ba6c4c04c8387}{\*\bkmkend s717d40730554548f88ba6c4c04c8387}\pard\plain\ul{\field{\*\fldinst HYPERLINK \\l "se817f73d65ed5449b4932972fc35d1d" }{\*\fldrslt\cf3\f51\fs20\ql Table of Contents}}\par\pard\plain\cf1\f51\fs20\b\qc PIONEER NATURAL RESOURCES COMPANY \par\pard\plain\fs16{\*\bkmkstart part_1_2_3}{\*\bkmkend part_1_2_3}\par\pard\plain\cf1\f51\fs20\b\qc SIGNATURES\par\pard\plain\sb264\cf1\f51\fs20\qj Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this Report to be signed on\plain\cf1\f51\fs20\qj its behalf by the undersigned hereto duly authorized.\par\pard\plain\cf1\f51\fs18\ql \~ \par\pard\plain {\trowd\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalc\cellx5117\clvertalc\cellx5223\clvertalc\cellx5654\clvertalc\cellx6069\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx5117\clvertalc\cellx5223\clvertalc\cellx5654\clvertalc\cellx6069\clvertalc\cellx10800\trrh66\row}}} {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\cellx10798\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql PIONEER NATURAL RESOURCES COMPANY\cell{ {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\cellx10798\trrh281\row}}} {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\clvertalb\cellx5654\clvertalb\cellx6069\clvertalb\cellx10800\trrh371 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\clvertalb\cellx5654\clvertalb\cellx6069\clvertalb\cellx10800\trrh371\row}}} {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\cellx5654\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6069\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Date: August 9, 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qr By:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql /s/\~\~\~\~RICHARD P. DEALY\cell{ {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\cellx5654\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6069\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\clvertalb\cellx5654\clvertalb\cellx6069\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Richard P. Dealy,\cell{ {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\clvertalb\cellx5654\clvertalb\cellx6069\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10800\trrh298\row}}} {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\clvertalb\cellx5654\clvertalb\cellx6069\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Executive Vice President and Chief Financial Officer\cell{ {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\clvertalb\cellx5654\clvertalb\cellx6069\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\clvertalb\cellx5654\clvertalb\cellx6069\clvertalb\cellx10800\trrh371 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\clvertalb\cellx5654\clvertalb\cellx6069\clvertalb\cellx10800\trrh371\row}}} {\trowd\cellx5117\clvertalb\cellx5223\cellx5654\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6069\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Date: August 9, 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qr By:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs18\ql /s/\~\~\~\~MARGARET M. MONTEMAYOR\cell{ {\trowd\cellx5117\clvertalb\cellx5223\cellx5654\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6069\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\clvertalb\cellx5654\clvertalb\cellx6069\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Margaret M. Montemayor,\cell{ {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\clvertalb\cellx5654\clvertalb\cellx6069\clvertalb\cellx10800\trrh281\row}}} {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\clvertalb\cellx5654\clvertalb\cellx6069\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Vice President and Chief Accounting Officer\cell{ {\trowd\clvertalb\cellx5117\clvertalb\cellx5223\clvertalb\cellx5654\clvertalb\cellx6069\clvertalb\cellx10800\trrh281\row}}}\pard\plain\cf1\f51\fs16\ql \~ \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\qc 43 \page{\*\bkmkstart doc_1_2}{\*\bkmkend doc_1_2}{\*\bkmkstart sa7214fdcb08e4750a6155ded8bfbbb7}{\*\bkmkend sa7214fdcb08e4750a6155ded8bfbbb7} \par\pard\plain\fs16 \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs24\b\qr EXHIBIT 10.1 \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs24\b\qc ELEVENTH AMENDMENT TO THE\par\pard\plain\cf1\f51\fs24\b\qc PIONEER NATURAL RESOURCES USA, INC.\par\pard\plain\cf1\f51\fs24\b\qc 401(k) AND MATCHING PLAN\par\pard\plain\cf1\f51\fs24\b\qc (Amended and Restated Effective as of January 1, 2022) \par\pard\plain\fs16\par\pard\plain\fi792\cf1\f51\fs24\b\qj THIS ELEVENTH AMENDMENT\plain\cf1\f51\fs24\qj is made and entered into by Pioneer Natural Resources USA,\plain\cf1\f51\fs24\qj Inc. (the \u8220?\plain\cf1\f51\fs24\b\qj Company\plain\sa264\cf1\f51\fs24\qj \u8221?):\par\pard\plain\sa264\cf1\f51\fs24\b\qc WITNESSETH:\par\pard\plain\fi792\cf1\f51\fs24\b\qj WHEREAS\plain\cf1\f51\fs24\qj , the Company maintains the Pioneer Natural Resources USA, Inc. 401(k) and Matching\plain\cf1\f51\fs24\qj Plan (the \u8220?\plain\cf1\f51\fs24\b\qj Plan\plain\sa264\cf1\f51\fs24\qj \u8221?); and\par\pard\plain\fi792\cf1\f51\fs24\b\qj WHEREAS\plain\cf1\f51\fs24\qj , pursuant to Section 8.3 of the Plan, the Benefit Plan Design Committee (the\plain\cf1\f51\fs24\qj \u8220?\plain\cf1\f51\fs24\b\qj Committee\plain\sa264\cf1\f51\fs24\qj \u8221?) of the Company maintains the authority to amend the Plan at any time; and\par\pard\plain\fi792\cf1\f51\fs24\b\qj WHEREAS\plain\cf1\f51\fs24\qj , the Committee desires to amend the Plan to provide for full and immediate vesting in\plain\cf1\f51\fs24\qj any employer-derived benefits accrued under the Plan for certain employees who are involuntarily\plain\sa264\cf1\f51\fs24\qj terminated in connection with the closing or restructuring of certain offices.\par\pard\plain\fi792\cf1\f51\fs24\b\qj NOW THEREFORE\plain\sa264\cf1\f51\fs24\qj , the Plan is hereby amended as follows.\par\pard\plain\li792\cf1\f51\fs24\qj 1.\plain\li792\cf1\f51\fs20\qj \~\~\~\~\plain\li792\sa264\cf1\f51\fs24\qj Section 5.3(p) is hereby added to the Plan as follows:\par\pard\plain\li792\cf1\f51\fs24\qj (p)\plain\li792\cf1\f51\fs20\qj \~\~\~\~\plain\li792\cf1\f51\fs24\qj Any provision of this Plan to the contrary notwithstanding, the amounts credited to the\plain\li792\cf1\f51\fs24\qj Employer Account of a Participant who is specifically designated by the Vice President and Chief\plain\li792\cf1\f51\fs24\qj Human Resources Officer of the Company as being involuntarily terminated in connection with the\plain\li792\cf1\f51\fs24\qj sale of the Company\u8217?s assets in the Raton Basin on or about July 13, 2022 shall become fully\plain\li792\sa264\cf1\f51\fs24\qj vested and nonforfeitable on the date of such involuntary termination.\par\pard\plain\fi792\cf1\f51\fs24\b\qj NOW, THEREFORE\plain\cf1\f51\fs24\qj , be it further provided that except as provided above, the Plan shall continue\plain\sa264\cf1\f51\fs24\qj to read in its current state.\par\pard\plain\fi792\cf1\f51\fs24\b\qj IN WITNESS WHEREOF\plain\cf1\f51\fs24\qj , the Company has executed this Eleventh Amendment this 29\plain\cf1\f51\fs22\qj\super th\plain\cf1\f51\fs24\qj day of\plain\sa264\cf1\f51\fs24\qj June, 2018 to be effective as specified above. \par\pard\plain\fs16 \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs24\qr \~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~\~ \par\pard\plain {\trowd\clvertalc\cellx5674\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx5674\trrh66\row}}} {\trowd\clvertalc\cellx978\clvertalc\cellx1500\clvertalc\cellx5674\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx978\clvertalc\cellx1500\clvertalc\cellx5674\trrh66\row}}} {\trowd\clvertalb\cellx5674\trrh331 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs24\b\ql PIONEER NATURAL RESOURCES USA, INC.\cell{ {\trowd\clvertalb\cellx5674\trrh331\row}}} {\trowd\clvertalb\cellx978\clvertalb\cellx1500\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5674\trrh331 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs24\ql By:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs24\ql /s/ Teresa A. Fairbrook\cell{ {\trowd\clvertalb\cellx978\clvertalb\cellx1500\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5674\trrh331\row}}} {\trowd\clvertalb\cellx978\clvertalb\cellx1500\clvertalb\cellx5674\trrh331 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs24\ql Name:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs24\ql Teresa A. Fairbrook\cell{ {\trowd\clvertalb\cellx978\clvertalb\cellx1500\clvertalb\cellx5674\trrh331\row}}} {\trowd\clvertalb\cellx978\clvertalb\cellx1500\clvertalb\cellx5674\trrh925 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs24\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs24\qj Vice President and Chief Human\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs24\qj Resources Officer \par\pard\plain\intbl\fs16\cell{ {\trowd\clvertalb\cellx978\clvertalb\cellx1500\clvertalb\cellx5674\trrh925\row}}} \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_3}{\*\bkmkend doc_1_3}{\*\bkmkstart s704eac79b07753c6af5420673d37d64}{\*\bkmkend s704eac79b07753c6af5420673d37d64} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\b\qr EXHIBIT 12.1 \par\pard\plain\fs16 \par\pard\plain {\trowd\trqc\clvertalc\cellx10546\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10546\trrh66\row}}} {\trowd\trqc\clvertalc\cellx2109\clvertalc\cellx4218\clvertalc\cellx6327\clvertalc\cellx8436\clvertalc\cellx10546\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx2109\clvertalc\cellx4218\clvertalc\cellx6327\clvertalc\cellx8436\clvertalc\cellx10546\trrh66\row}}} {\trowd\trqc\clvertalb\cellx10546\trrh529 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\b\qc RATIOS OF EARNINGS TO FIXED CHARGES AND EARNINGS TO FIXED CHARGES AND PREFERRED\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\b\qc STOCK DIVIDENDS\cell{ {\trowd\trqc\clvertalb\cellx10546\trrh529\row}}} \par\pard\plain\fs16\pard\plain\fi594\cf1\f51\fs20\ql The following table sets forth the Company's ratios of consolidated earnings to fixed charges and earnings to fixed charges\plain\cf1\f51\fs20\ql and preferred stock dividends for the periods presented: \par\pard\plain\fs16 \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx4860\clvertalc\cellx4968\clvertalc\cellx6479\clvertalc\cellx6586\clvertalc\cellx7342\clvertalc\cellx7449\clvertalc\cellx8205\clvertalc\cellx8312\clvertalc\cellx9068\clvertalc\cellx9175\clvertalc\cellx9931\clvertalc\cellx10038\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx4860\clvertalc\cellx4968\clvertalc\cellx6479\clvertalc\cellx6586\clvertalc\cellx7342\clvertalc\cellx7449\clvertalc\cellx8205\clvertalc\cellx8312\clvertalc\cellx9068\clvertalc\cellx9175\clvertalc\cellx9931\clvertalc\cellx10038\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalb\cellx4860\clvertalb\cellx4968\clvertalb\cellx6479\clvertalb\cellx6586\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh529 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\b\qc Six Months\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\b\qc Ended\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc Year ended December 31,\cell{ {\trowd\trqc\clvertalb\cellx4860\clvertalb\cellx4968\clvertalb\cellx6479\clvertalb\cellx6586\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10798\trrh529\row}}} {\trowd\trqc\clvertalb\cellx4860\clvertalb\cellx4968\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6479\clvertalb\cellx6586\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7342\clvertalb\cellx7449\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8205\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8312\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9068\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9175\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9931\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10038\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc June\~30, 2018\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 2017\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 2016\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 2015\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 2014\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\b\qc 2013\cell{ {\trowd\trqc\clvertalb\cellx4860\clvertalb\cellx4968\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6479\clvertalb\cellx6586\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7342\clvertalb\cellx7449\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8205\clbrdrt\brdrs\brdrcf1\clvertalb\cellx8312\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9068\clbrdrt\brdrs\brdrcf1\clvertalb\cellx9175\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9931\clbrdrt\brdrs\brdrcf1\clvertalb\cellx10038\clbrdrt\brdrs\brdrcf1\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10800\trrh298\row}}} {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4860\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4968\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6479\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6586\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7342\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7449\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8312\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9068\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9175\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9931\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10038\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Ratio of earnings to fixed charges (a)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc 5.14\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc 2.84\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc (b)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc (c)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc 9.45\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc (d)\cell{ {\trowd\trqc\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4860\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx4968\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6479\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx6586\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7342\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx7449\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8205\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx8312\clbrdrt\brdrs\brdrcf1\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9068\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9175\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx9931\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10038\clvertalb\clshdng100\clcfpat12\clcbpat12\cellx10800\trrh298\row}}} {\trowd\trqc\clvertalb\cellx4860\clvertalb\cellx4968\clvertalb\cellx6479\clvertalb\cellx6586\clvertalb\cellx7342\clvertalb\cellx7449\clvertalb\cellx8205\clvertalb\cellx8312\clvertalb\cellx9068\clvertalb\cellx9175\clvertalb\cellx9931\clvertalb\cellx10038\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\ql Ratio of earnings to fixed charges and preferred stock\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\ql dividends (e)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc 5.14\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc 2.84\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc (b)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc (c)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc 9.45\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\qc (d)\cell{ {\trowd\trqc\clvertalb\cellx4860\clvertalb\cellx4968\clvertalb\cellx6479\clvertalb\cellx6586\clvertalb\cellx7342\clvertalb\cellx7449\clvertalb\cellx8205\clvertalb\cellx8312\clvertalb\cellx9068\clvertalb\cellx9175\clvertalb\cellx9931\clvertalb\cellx10038\clvertalb\cellx10800\trrh529\row}}}\pard\plain\cf1\f51\fs20\ql ____________________ \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx432\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx432\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\cellx432\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql The ratio has been computed by dividing earnings by fixed charges. For purposes of computing the ratio:\cell{ {\trowd\trqc\cellx432\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh1024 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\qj \~- earnings consist of income from continuing operations before income taxes, cumulative effect of change in accounting\plain\intbl\li22\ri22\cf1\f51\fs20\qj principle, adjustments for net income or loss attributable to the noncontrolling interest and the Company's share of\plain\intbl\li22\ri22\cf1\f51\fs20\qj investee's income or loss accounted for under the equity method, and adjustment for capitalized interest, plus fixed charges\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\qj and the Company's share of distributed income from investees accounted for under the equity method; and\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh1024\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\qj \~- fixed charges consist of interest expense, capitalized interest and the portion of rental expense deemed to be\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\qj representative of the interest component of rental expense.\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh529\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\cellx432\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql (b)\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\qj The ratio indicates a less than one-to-one coverage because the earnings are inadequate to cover the fixed charges during\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\qj the year ended December 31, 2021 by $963 million.\cell{ {\trowd\trqc\cellx432\clvertalb\cellx10800\trrh529\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\cellx432\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql (c)\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\qj The ratio indicates a less than one-to-one coverage because the earnings are inadequate to cover the fixed charges during\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\qj the year ended December 31, 2021 by $432 million.\cell{ {\trowd\trqc\cellx432\clvertalb\cellx10800\trrh529\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\cellx432\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql (d)\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\qj The ratio indicates a less than one-to-one coverage because the earnings are inadequate to cover the fixed charges during\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\qj the year ended December 31, 2021 by $606 million.\cell{ {\trowd\trqc\cellx432\clvertalb\cellx10800\trrh529\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\cellx432\clvertalb\cellx10800\trrh529 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql (e)\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\qj The ratio has been computed by dividing earnings by fixed charges and preferred stock dividends. For purposes of\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\qj computing the ratio:\cell{ {\trowd\trqc\cellx432\clvertalb\cellx10800\trrh529\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh1271 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\qj \~- earnings consist of income from continuing operations before income taxes, cumulative effect of change in accounting\plain\intbl\li22\ri22\cf1\f51\fs20\qj principle, adjustments for net income or loss attributable to the noncontrolling interest and the Company's share of\plain\intbl\li22\ri22\cf1\f51\fs20\qj investee's income or loss accounted for under the equity method, and adjustment for capitalized interest, plus fixed charges,\plain\intbl\li22\ri22\cf1\f51\fs20\qj the Company's share of distributed income from investees accounted for under the equity method and preferred stock\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\qj dividends, net of preferred stock dividends of a consolidated subsidiary; and\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh1271\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh281\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh776 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs20\qj \~- fixed charges and preferred stock dividends consist of interest expense, capitalized interest and the portion of rental\plain\intbl\li22\ri22\cf1\f51\fs20\qj expense deemed to be representative of the interest component of rental expense, preferred stock dividends of a\plain\intbl\li22\ri22\sa22\cf1\f51\fs20\qj consolidated subsidiary and preferred stock dividends.\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh776\row}}} {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh371 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell{ {\trowd\trqc\clvertalb\cellx432\clvertalb\cellx10800\trrh371\row}}} \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_4}{\*\bkmkend doc_1_4}{\*\bkmkstart s82d1f6042d014ac4a24e2ecf9070bd6}{\*\bkmkend s82d1f6042d014ac4a24e2ecf9070bd6} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf11\f51\fs20\b\qr EXHIBIT 18.1 \par\pard\plain\fs16\par\pard\plain\cf11\f51\fs20\ql August 9, 2022 \par\pard\plain\fs16\par\pard\plain\cf11\f51\fs20\ql Ladies and Gentlemen: \par\pard\plain\fs16\par\pard\plain\cf11\f51\fs20\ql Note 2 of Notes to Condensed Consolidated Financial Statements of Pioneer Natural Resources Company included in its Form\plain\cf11\f51\fs20\ql 10-Q for the quarter ended June 30, 2022 describes a change in the method of accounting for materials and supplies inventory\plain\cf11\f51\fs20\ql from first-in first-out to weighted average cost. There are no authoritative criteria for determining a \u8220?preferable\u8221?\plain\cf11\f51\fs20\ql method for accounting for materials and supplies inventory based on the particular circumstances; however, we conclude that\plain\cf11\f51\fs20\ql such change in the method of accounting is to an acceptable alternative method which, based on your business judgment to make\plain\cf11\f51\fs20\ql this change and for the stated reasons, is preferable in your circumstances. We have not conducted an audit in accordance with\plain\cf11\f51\fs20\ql the standards of the Public Company Accounting Oversight Board (United States) of any financial statements of the Company as\plain\cf11\f51\fs20\ql of any date or for any period subsequent to December 31, 2017, and therefore we do not express any opinion on any financial\plain\cf11\f51\fs20\ql statements of Pioneer Natural Resources Company subsequent to that date. \par\pard\plain\fs16\par\pard\plain\cf11\f51\fs20\ql Very truly yours,\par\pard\plain\cf11\f51\fs20\ql \~\par\pard\plain\cf11\f51\fs20\ql /s/ Ernst & Young LLP\par\pard\plain\cf11\f51\fs20\ql Dallas, Texas \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_5}{\*\bkmkend doc_1_5}{\*\bkmkstart s31c64a9b3a76556092b99690bedd9d6}{\*\bkmkend s31c64a9b3a76556092b99690bedd9d6} \par\pard\plain\fs16 \par\pard\plain\fs16\par\pard\plain\cf1\f51\fs20\b\qr EXHIBIT 31.1\par\pard\plain\sb264\cf1\f51\fs20\b\qc CHIEF EXECUTIVE OFFICER CERTIFICATION\par\pard\plain\sb264\sa132\cf1\f51\fs20\ql I, Timothy L. Dove, certify that: \par\pard\plain {\trowd\clvertalc\cellx308\clvertalc\cellx8189\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx308\clvertalc\cellx8189\trrh66\row}}} {\trowd\cellx308\cellx8189\trrh630 \pard\plain\intbl\cf1\f51\fs20\ql 1.\cell\pard\plain\intbl\cf1\f51\fs20\ql I have reviewed this quarterly report on Form 10-Q of Pioneer Natural Resources\plain\intbl\cf1\f51\fs20\ql Company;\cell{ {\trowd\cellx308\cellx8189\trrh630\row}}} \pard\plain {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx360\cellx10800\trrh878 \pard\plain\intbl\cf1\f51\fs20\ql 2.\cell\pard\plain\intbl\cf1\f51\fs20\ql Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact\plain\intbl\cf1\f51\fs20\ql necessary to make the statements made, in light of circumstances under which such statements were made, not misleading\plain\intbl\cf1\f51\fs20\ql with respect to the period covered by this report;\cell{ {\trowd\cellx360\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx360\cellx10800\trrh878 \pard\plain\intbl\cf1\f51\fs20\ql 3.\cell\pard\plain\intbl\cf1\f51\fs20\ql Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all\plain\intbl\cf1\f51\fs20\ql material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods\plain\intbl\cf1\f51\fs20\ql presented in this report;\cell{ {\trowd\cellx360\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx360\cellx10800\trrh878 \pard\plain\intbl\cf1\f51\fs20\ql 4.\cell\pard\plain\intbl\cf1\f51\fs20\ql The registrant\u8217?s other certifying officer and I are responsible for establishing and maintaining disclosure controls and\plain\intbl\cf1\f51\fs20\ql procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as\plain\intbl\cf1\f51\fs20\ql defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:\cell{ {\trowd\cellx360\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh1125 \pard\plain\intbl\li396\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed\plain\intbl\cf1\f51\fs20\ql under our supervision, to ensure that material information relating to the registrant, including its consolidated\plain\intbl\cf1\f51\fs20\ql subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is\plain\intbl\cf1\f51\fs20\ql being prepared;\cell{ {\trowd\cellx720\cellx10800\trrh1125\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh878 \pard\plain\intbl\li396\cf1\f51\fs20\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\ql Designed such internal control over financial reporting, or caused such internal control over financial reporting to be\plain\intbl\cf1\f51\fs20\ql designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the\plain\intbl\cf1\f51\fs20\ql preparation of financial statements for external purposes in accordance with generally accepted accounting principles;\cell{ {\trowd\cellx720\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh878 \pard\plain\intbl\li396\cf1\f51\fs20\ql (c)\cell\pard\plain\intbl\cf1\f51\fs20\ql Evaluated the effectiveness of the registrant\u8217?s disclosure controls and procedures and presented in this report our\plain\intbl\cf1\f51\fs20\ql conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this\plain\intbl\cf1\f51\fs20\ql report based on such evaluation; and\cell{ {\trowd\cellx720\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh1125 \pard\plain\intbl\li396\cf1\f51\fs20\ql (d)\cell\pard\plain\intbl\cf1\f51\fs20\ql Disclosed in this report any change in the registrant\u8217?s internal control over financial reporting that occurred during\plain\intbl\cf1\f51\fs20\ql the registrant\u8217?s most recent fiscal quarter (the registrant\u8217?s fourth fiscal quarter in the case of an annual\plain\intbl\cf1\f51\fs20\ql report) that has materially affected, or is reasonably likely to materially affect, the registrant\u8217?s internal control\plain\intbl\cf1\f51\fs20\ql over financial reporting; and\cell{ {\trowd\cellx720\cellx10800\trrh1125\row}}} \pard\plain {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx360\cellx10800\trrh878 \pard\plain\intbl\cf1\f51\fs20\ql 5.\cell\pard\plain\intbl\cf1\f51\fs20\ql The registrant\u8217?s other certifying officer and I have disclosed, based on our most recent evaluation of internal control\plain\intbl\cf1\f51\fs20\ql over financial reporting, to the registrant\u8217?s auditors and the audit committee of the registrant\u8217?s board of\plain\intbl\cf1\f51\fs20\ql directors (or persons performing the equivalent functions):\cell{ {\trowd\cellx360\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh878 \pard\plain\intbl\li396\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting\plain\intbl\cf1\f51\fs20\ql which are reasonably likely to adversely affect the registrant\u8217?s ability to record, process, summarize and report\plain\intbl\cf1\f51\fs20\ql financial information; and\cell{ {\trowd\cellx720\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh495 \pard\plain\intbl\li396\cf1\f51\fs20\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\ql Any fraud, whether or not material, that involves management or other employees who have a significant role in the\plain\intbl\cf1\f51\fs20\ql registrant\u8217?s internal control over financial reporting.\cell{ {\trowd\cellx720\cellx10800\trrh495\row}}}\pard\plain\sb264\cf1\f51\fs20\ql Date: August 9, 2022 \par\pard\plain {\trowd\clvertalc\cellx5146\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx5146\trrh66\row}}} {\trowd\clvertalc\cellx5146\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx5146\trrh66\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\cellx5146\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql /s/ Timothy L. Dove\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\cellx5146\trrh281\row}}} {\trowd\clvertalb\cellx5146\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Timothy L. Dove, President and Chief Executive Officer\cell{ {\trowd\clvertalb\cellx5146\trrh281\row}}} \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_6}{\*\bkmkend doc_1_6}{\*\bkmkstart saf1a8c62f7bb5b5eb01ab709efbefc3}{\*\bkmkend saf1a8c62f7bb5b5eb01ab709efbefc3} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\b\qr EXHIBIT 31.2\par\pard\plain\sb264\cf1\f51\fs20\b\qc CHIEF FINANCIAL OFFICER CERTIFICATION\par\pard\plain\sb264\sa132\cf1\f51\fs20\ql I, Richard P. Dealy, certify that: \par\pard\plain {\trowd\clvertalc\cellx308\clvertalc\cellx8189\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx308\clvertalc\cellx8189\trrh66\row}}} {\trowd\cellx308\cellx8189\trrh630 \pard\plain\intbl\cf1\f51\fs20\ql 1.\cell\pard\plain\intbl\cf1\f51\fs20\ql I have reviewed this quarterly report on Form 10-Q of Pioneer Natural Resources\plain\intbl\cf1\f51\fs20\ql Company;\cell{ {\trowd\cellx308\cellx8189\trrh630\row}}} \pard\plain {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx360\cellx10800\trrh878 \pard\plain\intbl\cf1\f51\fs20\ql 2.\cell\pard\plain\intbl\cf1\f51\fs20\ql Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact\plain\intbl\cf1\f51\fs20\ql necessary to make the statements made, in light of circumstances under which such statements were made, not misleading\plain\intbl\cf1\f51\fs20\ql with respect to the period covered by this report;\cell{ {\trowd\cellx360\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx360\cellx10800\trrh878 \pard\plain\intbl\cf1\f51\fs20\ql 3.\cell\pard\plain\intbl\cf1\f51\fs20\ql Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all\plain\intbl\cf1\f51\fs20\ql material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods\plain\intbl\cf1\f51\fs20\ql presented in this report;\cell{ {\trowd\cellx360\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx360\cellx10800\trrh878 \pard\plain\intbl\cf1\f51\fs20\ql 4.\cell\pard\plain\intbl\cf1\f51\fs20\ql The registrant\u8217?s other certifying officer and I are responsible for establishing and maintaining disclosure controls and\plain\intbl\cf1\f51\fs20\ql procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as\plain\intbl\cf1\f51\fs20\ql defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:\cell{ {\trowd\cellx360\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh1125 \pard\plain\intbl\li396\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed\plain\intbl\cf1\f51\fs20\ql under our supervision, to ensure that material information relating to the registrant, including its consolidated\plain\intbl\cf1\f51\fs20\ql subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is\plain\intbl\cf1\f51\fs20\ql being prepared;\cell{ {\trowd\cellx720\cellx10800\trrh1125\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh878 \pard\plain\intbl\li396\cf1\f51\fs20\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\ql Designed such internal control over financial reporting, or caused such internal control over financial reporting to be\plain\intbl\cf1\f51\fs20\ql designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the\plain\intbl\cf1\f51\fs20\ql preparation of financial statements for external purposes in accordance with generally accepted accounting principles;\cell{ {\trowd\cellx720\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh878 \pard\plain\intbl\li396\cf1\f51\fs20\ql (c)\cell\pard\plain\intbl\cf1\f51\fs20\ql Evaluated the effectiveness of the registrant\u8217?s disclosure controls and procedures and presented in this report our\plain\intbl\cf1\f51\fs20\ql conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this\plain\intbl\cf1\f51\fs20\ql report based on such evaluation; and\cell{ {\trowd\cellx720\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh1125 \pard\plain\intbl\li396\cf1\f51\fs20\ql (d)\cell\pard\plain\intbl\cf1\f51\fs20\ql Disclosed in this report any change in the registrant\u8217?s internal control over financial reporting that occurred during\plain\intbl\cf1\f51\fs20\ql the registrant\u8217?s most recent fiscal quarter (the registrant\u8217?s fourth fiscal quarter in the case of an annual\plain\intbl\cf1\f51\fs20\ql report) that has materially affected, or is reasonably likely to materially affect, the registrant\u8217?s internal control\plain\intbl\cf1\f51\fs20\ql over financial reporting; and\cell{ {\trowd\cellx720\cellx10800\trrh1125\row}}} \pard\plain {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx360\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx360\cellx10800\trrh878 \pard\plain\intbl\cf1\f51\fs20\ql 5.\cell\pard\plain\intbl\cf1\f51\fs20\ql The registrant\u8217?s other certifying officer and I have disclosed, based on our most recent evaluation of internal control\plain\intbl\cf1\f51\fs20\ql over financial reporting, to the registrant\u8217?s auditors and the audit committee of the registrant\u8217?s board of\plain\intbl\cf1\f51\fs20\ql directors (or persons performing the equivalent functions):\cell{ {\trowd\cellx360\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh878 \pard\plain\intbl\li396\cf1\f51\fs20\ql (a)\cell\pard\plain\intbl\cf1\f51\fs20\ql All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting\plain\intbl\cf1\f51\fs20\ql which are reasonably likely to adversely affect the registrant\u8217?s ability to record, process, summarize and report\plain\intbl\cf1\f51\fs20\ql financial information; and\cell{ {\trowd\cellx720\cellx10800\trrh878\row}}} \pard\plain {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx720\clvertalc\cellx10800\trrh66\row}}} {\trowd\cellx720\cellx10800\trrh630 \pard\plain\intbl\li396\cf1\f51\fs20\ql (b)\cell\pard\plain\intbl\cf1\f51\fs20\ql Any fraud, whether or not material, that involves management or other employees who have a significant role in the\plain\intbl\cf1\f51\fs20\ql registrant\u8217?s internal control over financial reporting.\cell{ {\trowd\cellx720\cellx10800\trrh630\row}}}\pard\plain\sb264\cf1\f51\fs20\ql Date: August 9, 2022 \par\pard\plain {\trowd\clvertalc\cellx5041\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx5041\trrh66\row}}} {\trowd\clvertalc\cellx5041\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx5041\trrh66\row}}} {\trowd\clbrdrb\brdrs\brdrcf1\cellx5041\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql /s/ Richard P. Dealy\cell{ {\trowd\clbrdrb\brdrs\brdrcf1\cellx5041\trrh281\row}}} {\trowd\clvertalb\cellx5041\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Richard P. Dealy, Executive Vice President\cell{ {\trowd\clvertalb\cellx5041\trrh281\row}}} {\trowd\clvertalb\cellx5041\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql and Chief Financial Officer\cell{ {\trowd\clvertalb\cellx5041\trrh281\row}}} \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_7}{\*\bkmkend doc_1_7}{\*\bkmkstart sda024ec4085a5366bb88a13e783ec5a}{\*\bkmkend sda024ec4085a5366bb88a13e783ec5a} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\b\qr EXHIBIT 32.1\par\pard\plain\sb264\cf1\f51\fs20\b\qc CERTIFICATION OF\par\pard\plain\cf1\f51\fs20\b\qc CHIEF EXECUTIVE OFFICER\par\pard\plain\cf1\f51\fs20\b\qc OF PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\cf1\f51\fs20\b\qc PURSUANT TO 18 U.S.C. \u167? 1350\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql I, Timothy L. Dove, President and Chief Executive Officer of Pioneer Natural Resources Company (the\plain\cf1\f51\fs20\ql \u8220?Company\u8221?), hereby certify that the accompanying Quarterly Report on Form 10-Q for the quarterly period ended\plain\cf1\f51\fs20\ql June 30, 2022 and filed with the Securities and Exchange Commission pursuant to Section\~13(a) of the Securities Exchange Act\plain\cf1\f51\fs20\ql of 1934 (the \u8220?Report\u8221?) by the Company fully complies with the requirements of that section.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql I further certify that the information contained in the Report fairly presents, in all material respects, the financial condition\plain\cf1\f51\fs20\ql and results of operations of the Company. \par\pard\plain {\trowd\clvertalc\cellx4387\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx4387\trrh66\row}}} {\trowd\clvertalc\cellx702\clvertalc\cellx789\clvertalc\cellx4387\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx702\clvertalc\cellx789\clvertalc\cellx4387\trrh66\row}}} {\trowd\clvertalb\cellx702\clbrdrb\brdrs\brdrcf1\clvertalb\cellx789\clbrdrb\brdrs\brdrcf1\cellx4387\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql /s/ Timothy L. Dove\cell{ {\trowd\clvertalb\cellx702\clbrdrb\brdrs\brdrcf1\clvertalb\cellx789\clbrdrb\brdrs\brdrcf1\cellx4387\trrh281\row}}} {\trowd\cellx702\clvertalb\cellx789\clvertalb\cellx4387\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Name:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Timothy L. Dove, President and\cell{ {\trowd\cellx702\clvertalb\cellx789\clvertalb\cellx4387\trrh281\row}}} {\trowd\clvertalb\cellx702\clvertalb\cellx789\clvertalb\cellx4387\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Chief Executive Officer\cell{ {\trowd\clvertalb\cellx702\clvertalb\cellx789\clvertalb\cellx4387\trrh281\row}}} {\trowd\cellx702\clvertalb\cellx789\clvertalb\cellx4387\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Date:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Date: August 9, 2018\cell{ {\trowd\cellx702\clvertalb\cellx789\clvertalb\cellx4387\trrh281\row}}} \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_8}{\*\bkmkend doc_1_8}{\*\bkmkstart s4ba542247ac45e62b63540904221ecc}{\*\bkmkend s4ba542247ac45e62b63540904221ecc} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\cf1\f51\fs20\b\qr EXHIBIT 32.2\par\pard\plain\sb264\cf1\f51\fs20\b\qc CERTIFICATION OF\par\pard\plain\cf1\f51\fs20\b\qc CHIEF FINANCIAL OFFICER\par\pard\plain\cf1\f51\fs20\b\qc OF PIONEER NATURAL RESOURCES COMPANY\par\pard\plain\cf1\f51\fs20\b\qc PURSUANT TO 18 U.S.C. \u167? 1350\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql I, Richard P. Dealy, Executive Vice President and Chief Financial Officer of Pioneer Natural Resources Company (the\plain\cf1\f51\fs20\ql \u8220?Company\u8221?), hereby certify that the accompanying Quarterly Report on Form 10-Q for the quarterly period ended\plain\cf1\f51\fs20\ql June 30, 2022 and filed with the Securities and Exchange Commission pursuant to Section\~13(a) of the Securities Exchange Act\plain\cf1\f51\fs20\ql of 1934 (the \u8220?Report\u8221?) by the Company fully complies with the requirements of that section.\par\pard\plain\sb264\fi528\cf1\f51\fs20\ql I further certify that the information contained in the Report fairly presents, in all material respects, the financial condition\plain\cf1\f51\fs20\ql and results of operations of the Company. \par\pard\plain {\trowd\clvertalc\cellx4218\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx4218\trrh66\row}}} {\trowd\clvertalc\cellx675\clvertalc\cellx759\clvertalc\cellx4218\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\clvertalc\cellx675\clvertalc\cellx759\clvertalc\cellx4218\trrh66\row}}} {\trowd\clvertalb\cellx675\clbrdrb\brdrs\brdrcf1\clvertalb\cellx759\clbrdrb\brdrs\brdrcf1\cellx4218\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql /s/ Richard P. Dealy\cell{ {\trowd\clvertalb\cellx675\clbrdrb\brdrs\brdrcf1\clvertalb\cellx759\clbrdrb\brdrs\brdrcf1\cellx4218\trrh281\row}}} {\trowd\cellx675\clvertalb\cellx759\clvertalb\cellx4218\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Name:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Richard P. Dealy, Executive Vice\cell{ {\trowd\cellx675\clvertalb\cellx759\clvertalb\cellx4218\trrh281\row}}} {\trowd\clvertalb\cellx675\clvertalb\cellx759\clvertalb\cellx4218\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql President and Chief Financial Officer\cell{ {\trowd\clvertalb\cellx675\clvertalb\cellx759\clvertalb\cellx4218\trrh281\row}}} {\trowd\cellx675\clvertalb\cellx759\clvertalb\cellx4218\trrh281 \pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Date:\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs20\ql Date: August 9, 2018\cell{ {\trowd\cellx675\clvertalb\cellx759\clvertalb\cellx4218\trrh281\row}}} \par\pard\plain\fs16 \par\pard\plain\fs16 \page{\*\bkmkstart doc_1_9}{\*\bkmkend doc_1_9}{\*\bkmkstart sb8cea591ca9454b2846b2b5cc3a5c08}{\*\bkmkend sb8cea591ca9454b2846b2b5cc3a5c08} \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\sb264\cf1\f51\fs20\b\qr EXHIBIT 95.1\par\pard\plain\sb264\cf1\f51\fs20\b\qc Mine Safety Disclosure\par\pard\plain\sb264\fi528\cf1\f51\fs20\qj The following disclosures are provided pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (the\plain\cf1\f51\fs20\qj "Act") and Item\~104 of Regulation S-K, which requires certain disclosures by companies required to file periodic reports under\plain\cf1\f51\fs20\qj the Securities Exchange Act of 1934, as amended, that operate mines regulated under the Federal Mine Safety and Health Act of\plain\cf1\f51\fs20\qj 1977 (the "Mine Act").\par\pard\plain\sb264\fi528\cf1\f51\fs20\qj Whenever the Federal Mine Safety and Health Administration ("MSHA") believes a violation of the Mine Act, any health\plain\cf1\f51\fs20\qj or safety standard or any regulation has occurred, it may issue a citation which describes the alleged violation and fixes a time\plain\cf1\f51\fs20\qj within which the U.S. mining operator must abate the alleged violation. In some situations, such as when MSHA believes that\plain\cf1\f51\fs20\qj conditions pose a hazard to miners, MSHA may issue an order removing miners from the area of the mine affected by the\plain\cf1\f51\fs20\qj condition until the alleged hazards are corrected. When MSHA issues a citation or order, it generally proposes a civil penalty, or\plain\cf1\f51\fs20\qj fine, as a result of the alleged violation, that the operator is ordered to pay. Citations and orders can be contested and appealed,\plain\cf1\f51\fs20\qj and as part of that process, are often reduced in severity and amount, and are sometimes dismissed. The number of citations,\plain\cf1\f51\fs20\qj orders and proposed assessments vary depending on the size and type (underground or surface) of the mine as well as by the\plain\cf1\f51\fs20\qj MSHA inspector(s) assigned.\par\pard\plain\sb264\fi528\cf1\f51\fs20\qj The table below sets forth for the three months ended June 30, 2022 for each sand mine of Pioneer Natural Resources\plain\cf1\f51\fs20\qj Company or its subsidiaries (the "Company"), (i) the total number of citations for violations of mandatory health or safety\plain\cf1\f51\fs20\qj standards that could significantly and substantially contribute to the cause and effect of mine safety or health hazard under\plain\cf1\f51\fs20\qj section 104 of the Mine Act for which the operator received a citation from MSHA; (ii) the total number of orders issued under\plain\cf1\f51\fs20\qj section 104(b) of the Mine Act; (iii) the total number of citations and orders for unwarrantable failure of the mine operator to\plain\cf1\f51\fs20\qj comply with mandatory health or safety standards under section 104(d) of the Mine Act; (iv) the total number of flagrant\plain\cf1\f51\fs20\qj violations under section 110(b)(2) of the Mine Act; (v) the total number of imminent danger orders issued under section 107(a)\plain\cf1\f51\fs20\qj of the Mine Act; (vi) the total dollar value of proposed assessments from MSHA; (vii) the total number of mining-related\plain\cf1\f51\fs20\qj fatalities; (viii) whether or not the mine has received any notices from MSHA of a pattern of violations of mandatory health or\plain\cf1\f51\fs20\qj safety standards that are of such nature as could have significantly and substantially contributed to the cause and effect of mine\plain\cf1\f51\fs20\qj health or safety hazards under section 104(e) of the Mine Act; (ix) whether or not the mine has received any notices from MSHA\plain\cf1\f51\fs20\qj regarding the potential to have a pattern of violations as referenced in (viii) above; and (x) the total number of pending legal\plain\cf1\f51\fs20\qj actions before the Federal Mine Safety and Health Review Commission (the "Commission") (as of June 30, 2022) involving such\plain\cf1\f51\fs20\qj mine, as well as the aggregate number of legal actions instituted and the aggregate number of legal actions resolved during the\plain\cf1\f51\fs20\qj reporting period. The MSHA citations, orders and assessments are those initially issued or proposed by MSHA. They do not\plain\cf1\f51\fs20\qj reflect any subsequent changes in the level of severity of a citation or order or the value of an assessment that may occur as a\plain\cf1\f51\fs20\qj result of proceedings conducted in accordance with MSHA rules. \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain\fs16\pard\plain\f0\fs4\par\pard\plain\f0\fs2\brdrt\brdrs\brdrw15\brdrcf2\brdrsp0\par\pard\plain\f0\fs4\par \page \par\pard\plain\fs16 \par\pard\plain\fs16 \par\pard\plain {\trowd\trqc\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clvertalc\cellx749\clvertalc\cellx824\clvertalc\cellx1383\clvertalc\cellx1620\clvertalc\cellx1695\clvertalc\cellx2254\clvertalc\cellx2445\clvertalc\cellx2520\clvertalc\cellx3079\clvertalc\cellx3316\clvertalc\cellx3391\clvertalc\cellx3950\clvertalc\cellx4214\clvertalc\cellx4289\clvertalc\cellx4848\clvertalc\cellx5039\clvertalc\cellx5114\clvertalc\cellx5327\clvertalc\cellx5886\clvertalc\cellx6099\clvertalc\cellx6174\clvertalc\cellx6733\clvertalc\cellx6974\clvertalc\cellx7032\clvertalc\cellx7606\clvertalc\cellx7664\clvertalc\cellx8179\clvertalc\cellx8237\clvertalc\cellx8796\clvertalc\cellx9034\clvertalc\cellx9092\clvertalc\cellx9651\clvertalc\cellx9898\clvertalc\cellx9956\clvertalc\cellx10515\clvertalc\cellx10800\trrh66 \pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell\pard\plain\intbl\f0\fs16\ql \~\cell{ {\trowd\trqc\clvertalc\cellx749\clvertalc\cellx824\clvertalc\cellx1383\clvertalc\cellx1620\clvertalc\cellx1695\clvertalc\cellx2254\clvertalc\cellx2445\clvertalc\cellx2520\clvertalc\cellx3079\clvertalc\cellx3316\clvertalc\cellx3391\clvertalc\cellx3950\clvertalc\cellx4214\clvertalc\cellx4289\clvertalc\cellx4848\clvertalc\cellx5039\clvertalc\cellx5114\clvertalc\cellx5327\clvertalc\cellx5886\clvertalc\cellx6099\clvertalc\cellx6174\clvertalc\cellx6733\clvertalc\cellx6974\clvertalc\cellx7032\clvertalc\cellx7606\clvertalc\cellx7664\clvertalc\cellx8179\clvertalc\cellx8237\clvertalc\cellx8796\clvertalc\cellx9034\clvertalc\cellx9092\clvertalc\cellx9651\clvertalc\cellx9898\clvertalc\cellx9956\clvertalc\cellx10515\clvertalc\cellx10800\trrh66\row}}} {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx749\clvertalb\cellx824\clbrdrb\brdrs\brdrcf1\clvertalb\cellx1621\clvertalb\cellx1696\clbrdrb\brdrs\brdrcf1\clvertalb\cellx2447\clvertalb\cellx2522\clbrdrb\brdrs\brdrcf1\clvertalb\cellx3319\clvertalb\cellx3394\clbrdrb\brdrs\brdrcf1\clvertalb\cellx4218\clvertalb\cellx4293\clbrdrb\brdrs\brdrcf1\clvertalb\cellx5044\clvertalb\cellx5119\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6105\clvertalb\cellx6180\clbrdrb\brdrs\brdrcf1\clvertalb\cellx6981\clvertalb\cellx7039\clbrdrb\brdrs\brdrcf1\clvertalb\cellx7613\clvertalb\cellx7671\clbrdrb\brdrs\brdrcf1\clvertalb\cellx8186\clvertalb\cellx8244\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9042\clvertalb\cellx9100\clbrdrb\brdrs\brdrcf1\clvertalb\cellx9907\clvertalb\cellx9965\clbrdrb\brdrs\brdrcf1\clvertalb\cellx10782\trrh1282 \pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs11\b\ql Mine/MSHA\plain\intbl\li22\ri22\cf1\f51\fs11\b\ql Identification\plain\intbl\li22\ri22\sa22\cf1\f51\fs11\b\ql Number(1)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Section\~\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc 104\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc S&S\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Citations\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Section\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc 104(b)\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Orders\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Section\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc 104(d)\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Citations\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc and\~\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Orders\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Section\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc 110(b)(2)\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Violations\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Section\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc 107(a)\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Orders\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc \~\~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs11\b\qc Total Dollar\plain\intbl\li22\ri22\sa22\cf1\f51\fs11\b\qc Value of Proposed\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Assessments\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc \~\~\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Mining\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Related\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Fatalities\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs11\b\qc Received\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc Notice of\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc Pattern of\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc Violations\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc under\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc Section\plain\intbl\li22\ri22\sa22\cf1\f51\fs11\b\qc 104(e)\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc (yes/no)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs11\b\qc Received\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc Notice of\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc Potential\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc to have\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc Pattern\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc under\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc Section\plain\intbl\li22\ri22\sa22\cf1\f51\fs11\b\qc 104(e)\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc (yes/no)\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs11\b\qc Legal Actions\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc Pending as of\plain\intbl\li22\ri22\sa22\cf1\f51\fs11\b\qc Last\par\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs11\b\qc Day of Period\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs11\b\qc Legal Actions\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc Initiated\plain\intbl\li22\ri22\sa22\cf1\f51\fs11\b\qc During Period\cell\pard\plain\intbl\li22\ri22\sb22\sa22\cf1\f51\fs16\ql \~\cell\pard\plain\intbl\li22\ri22\sb22\cf1\f51\fs11\b\qc Legal Actions\plain\intbl\li22\ri22\cf1\f51\fs11\b\qc Resolved\plain\intbl\li22\ri22\sa22\cf1\f51\fs11\b\qc During Period\cell{ {\trowd\trqc\clbrdrb\brdrs\brdrcf1\clvertalb\cellx749\clvertalb\cellx824\clbrdrb\brdrs\brdrcf1\clvertalb\cellx1621\clvertalb\cellx169