Pioneer Natural Resources is known for progressive thinking on partnerships. The company’s effluent water deal with the City of Odessa is a good example of how the company builds novel relationships to drive costs down.
So when Tenaris proposed an unusual alliance around shared yard space, Pioneer listened. The end result was a lease agreement that will keep the contractor and operator bound at the hip for the next 30 years in the busiest US oilfield. We break down the deal’s origin, implications, and benefits in this update.
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