Pioneer exits deepwater Gulf, ArgentinaCompany slashing exploration budget from 30% to 15-20%; says focus will be on onshore North America, Alaska, Africa Ray Tyson Petroleum News Correspondent
Pioneer Natural Resources is looking to sell its Gulf of Mexico deepwater assets, a surprise move for a company that has contributed a significant amount of cash and effort to deepwater exploration and development in the Gulf.
Also on the auction block are company properties in Tierra del Fuego, Arg....
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Company entered deepwater Gulf in 1998
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