model

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

Read More Read more
wedding

‘The Pioneer Woman’ Ree Drummond Goes Wedding Dress Shopping With Alex: ‘We Found the Dress!’

The Pioneer Woman star Ree Drummond’s eldest daughter, Alex, will be getting married soon. The Food Network cook recently went wedding dress shopping with her daughter, and she allowed her fans to get a peek at their shopping trip.

Alex Drummond recently got engaged

(L-R)  Todd Drummond, Bryce Drummond, Ree Drummond, Paige Drummond ,and Ladd Drummond at The Pioneer Woman Magazine Celebration in New York City | Monica Schipper/Getty Images for The Pioneer Woman Magazine
(L-R) Todd Drummond, Bryce Drummond, Ree Drummond, Paige Drummond, and Ladd Drummond at The Pioneer Woman Magazine Celebration in New York City | Monica Schipper/Getty Images for The Pioneer Woman Magazine

Drummond announced her daughter’s engagement back in August. Alex met her husband-to-be, Mauricio Scott, while they were both students at Texas A&M University. Scott is often seen in Drummond’s Food Network episodes. During her “at home” series, it’s not unusual to see Scott taste-testing the latest dish or joining in on the family fun and participating in a snake prank.   

Ree Drummond had fun spending time with her future son-in-law’s mother

Drummond documented the wedding

Read More Read more
coupon

SCB to pioneer in issuing 850C zero-coupon bond

The zero-coupon bond will open up alternate investment avenues for corporates and individuals

Standard Chartered Bangladesh (SCB) is set to become the first foreign bank to issue a zero-coupon bond in Bangladesh, an important feat in the development of the country’s debt capital market.

The bank has received all the regulatory approvals for issuing Tk850 crore zero-coupon bonds, according to a press release.

The zero-coupon bond will open up alternate investment avenues for corporates and individuals.

With this offering, the bank is leveraging strong investor confidence in its strategy and outlook, and the quality of its financial position to increase its liquidity, the release added.

Naser Ezaz Bijoy, chief executive officer, Standard Chartered Bangladesh, said: “As a trusted and reliable issuer with a ‘AAA’ credit rating for over a decade, we believe our offering will support the development of Bangladesh’s capital market on one hand, while offering depositors a new

Read More Read more