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Eagle Ford Shale (South Texas)

Eagle Ford Shale mapPioneer's drilling activities in South Texas continue to be primarily focused on developing its substantial acreage position in the Eagle Ford Shale Play. With approximately 310,000 gross acres, extensive 3-D seismic data and industry-leading technological expertise, Pioneer anticipates significant growth from the Eagle Ford Shale for years to come.

In June 2010, Pioneer entered into an Eagle Ford Shale joint venture with Reliance Industries Limited. Pioneer sold 45% of the Company's Eagle Ford Shale proved and unproved properties to Reliance for upfront cash and a portion of future drilling costs valued at approximately $1.1 billion. Pioneer remained operator in the play, targeting liquids-rich areas in its current drilling program.

Eagle Ford ShaleTo support its substantial Eagle Ford Shale production growth, Pioneer is constructing midstream infrastructure through an unconsolidated affiliate to provide gas and liquids gathering, treating and transportation services. Pioneer has majority ownership of EFS Midstream LLC. A total of 14 central gathering plants and more than 700 miles of pipeline will be built for the midstream business.