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Pioneer Natural Resources loses $5M as low oil prices, winter weather take a toll

2015-05-06 02:43:00| Oil & Gas - Topix.net

Pioneer Natural Resources posted a net income loss of $5 million in the first quarter as low oil prices and severe winter weather hampered production in the Permian Basin, according to earnings released Tuesday afternoon. The company's net income loss is down 102 percent from the first quarter of 2014 when Pioneer earned a cool $184 million.

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