Pioneer Natural to Shuffle Exec Team in New Year as ‘Shale Model’ Transforms

Permian Basin explorer Pioneer Natural Resources Co. on Thursday announced a management shuffle, in part attributed to an evolving picture for Lower 48 oil and gas development.

Pioneer in Permian footprint

The Irving, TX-based independent also is tightening up its operations by laying off about 300 people combined from headquarters and Permian operations.

The management overhaul is taking effect Jan. 1 to support “continued goals” of delivering long-term shareholder value. Pioneer in August increased its 2020 oil production guidance by 2.5% to average 203,000-213,000 b/d, even after it curtailed about 7,000 b/d net in 2Q2020. At the time, the company said it would keep about 6,000 b/d shut-in for the foreseeable future because of low oil prices.

CEO Scott Sheffield, who helped build Pioneer into a powerhouse Lower 48 operator, initially served from 1997-2016 and then took the helm again last year. 

“When I returned as CEO in 2019 it was clear the shale

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Working from home means more trust from leaders, says tech exec

LONDON — When the coronavirus pandemic closed workplaces earlier this year, businesses effectively went from having one or more locations to having as many offices as they did employees, as staff worked from home.

For software company Splunk, this effectively meant going from 35 offices to more than 6,000 “overnight,” according to the firm’s Chief Technical Adviser James Hodge. Having so many people working at home has meant a more trusting style of leadership is necessary, Hodge told CNBC’s “Squawk Box Europe” on Monday.

“The first few months (of the pandemic) were incredibly challenging, I think a lot of us ended up working incredibly long hours. If I just take Splunk as an example, we’ve spent a long time communicating with our employees, understanding what the impact’s like,” Hodge described.

“There’s been some brilliant parts about it to give people flexibility, but … on the other side, we do need

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An Instagram exec shares strategies for brands and influencers

  • Kristie Dash is the fashion and beauty strategic partnerships manager at Instagram, where she works to promote new features like Reels with influencers and brands.
  • Dash discussed how Instagram responded to early criticism of Reels, how influencers and brands can make the most of Instagram’s features, and how it’s working to help creators make money on the platform.
  • Subscribe to Business Insider’s influencer newsletter: Insider Influencers.

Don’t call Reels a TikTok ripoff.

When Instagram launched its 15-second video feature in August, The New York Times called it a “dud.” Some TikTokkers dismissed it as a copycat.

But Kristie Dash, Instagram’s fashion and beauty strategic partnerships manager, had long been encouraging influencers and brands to experiment with short-form video. 

“It really is the short, snackable [videos], these visual moving moments, that could be…five-to-10 seconds long filmed on your phone. It’s that type of video that’s really performing,” she told Vogue in

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