Pioneer’s Irving headquarters will remain open for at least two years. Employees in Irving and Midland will be offered jobs with Exxon Mobil, the CEOs of both companies said.
Pioneer Natural Resources Midland office is shown. Exxon Mobil Corp. is buying Pioneer Natural Resources in an all-stock deal valued at $59.5 billion, its largest buyout since acquiring Mobil two decades ago, creating a colossal fracking operator in West Texas. Irving-based Pioneer Natural Resources Co.’s CEO Scott Sheffield negotiated a smooth transition for the company’s 2,000 employees in the pending.
“The intent here is really to bring our organizations together and get the best of both,” said Darren Woods, Exxon Mobil CEO. “We view the Pioneer people as a really critical asset and part of the value proposition of bringing these two companies together.”Woods added the focus is to maintain Pioneer and bring its people under the Exxon Mobil umbrella.
“Obviously, that’s going to take some time and we’re not really focused on any significant or specific date. It’s really just around the work that we needed to do to realize the advantages of bringing these two great organizations together,” Woods said. “That’s what our focus is and we’ll work with the employees to figure out how best we do that.”“If they want to continue to focus in on the areas they’ve been working in, that opportunity is available to them,” he said.
Production is up to about 5.6 million barrels of oil per day, and Pioneer’s internal estimates are for that to climb to 7 million barrels a day by 2030., which bought the 379,000-square-foot office complex and surrounding 290 acres near State Highway 114 after the company moved corporate employees to Spring in suburban Houston., Staff writer. Maria Halkias has covered the retail scene for The Dallas Morning News since 1993.