Pioneer CEO Sees 'Limited' Impact From Harvey

The transcript discusses the impact of a storm on company operations, highlighting minimal damage and a focus on employee safety. It addresses labor shortages in the oil industry, potential cost implications, and strategies to maintain production growth. Concerns about the gas to oil ratio are explained as a natural occurrence, not a technological issue. The company outlines its hedging strategies to manage oil price fluctuations and discusses the regulatory environment under the Trump administration, noting positive changes for the industry.

What precautionary measure did the company take in response to the storm?

• Hired additional workers

• Invested in new technology

• Shut in all wells in the Eagle Ford Shale

• Increased production in the Permian Basin

What is a potential issue for the oil and gas industry due to labor shortages?

• Increased production costs

• Decreased oil prices

• More investment in technology

• Higher environmental regulations

How does the company plan to manage its production growth despite drilling delays?

• By selling off assets

• By reducing the number of rigs

• By increasing the number of wells waiting for production

• By cutting down on labor costs

What is the company's goal regarding cash flow in a $55 oil price scenario?

• To be cash flow negative

• To reduce production

• To be cash flow neutral

• To increase debt

What is the company's strategy to handle the gas to oil ratio issue?

• Reducing oil production

• Selling more natural gas

• Investing in new drilling technology

• Increasing the number of vertical wells

What percentage of oil is hedged by the company for 2018?

• 100%

• 70%

• 50%

• 85%

How has the Trump administration impacted the oil and gas industry according to the company?

• By reducing oil prices

• By rolling back stringent environmental requirements

• By slowing down pipeline approvals

• By increasing environmental regulations