A fire at a compressor station in the Texas Panhandle resulted in the shutdown of a Pioneer Natural Resources Company operation.
The Dallas-based company said the March 6 fire resulted in extensive damage to the station located in Pioneer’s West Panhandle field. No injuries were reported and the fire was contained in the compressor station.
Due to the shutdown, the company’s West Panhandle field production was shut down. The production averages 8 thousand barrels of oil equivalent a day. The company expects that several idle compressors can be used to restart production in late March or early April at nearly 80 to 90% of the previous levels.
Pioneer executives also indicated the West Panhandle field production interruption will negatively affect first quarter 2018 production by nearly 2 thousands barrels of oil. Cut the company also expects total production in the first quarter of 2018 will be within its previously announced guidance range of 304 to 314 thousand barrels of oil equivalent a day.
Pioneer operates about 700 mostly gas wells in a region of 246,000 acres.
