Pioneer Natural Resources Plans to Double U.S. Oil Exports in 2015
Pioneer Natural Resources plans to double its U.S. exports of condensate, an ultra-light oil, to 50,000 barrels per day next year, its chief executive said on Monday.
The U.S. shale resources explorer, along with Enterprise Product Partners, received the green light from the U.S. government in March to ship the ultra-light crude as the country softened a 40-year ban on oil exports.
"We operate 50,000 bpd and we're selling probably about 20-25,000 bpd, but eventually we'll get up to 50,000 bpd," Scott Sheffield told Reuters, saying this would happen next year.
"After the elections, I see a lot more companies having the same agreement with the Commerce Department," he said.
Another 20-25 companies are seeking approval to export U.S. condensate, Sheffield said.
"So we'll see a lot more e
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