PIONEER NATURAL RES. (PXD) Message Board

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Gold/Mining/Energy : PIONEER NATURAL RES. (PXD)

PXD 269.62

0.0%

May 3 4:00 PM EDT

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To: George Mc Geary who wrote (161)	5/30/1998 1:04:00 AM
From: John Telfer	Read Replies (2) of 233

On the wires; DALLAS--(BUSINESS WIRE)--May 29, 1998--Pioneer Natural Resources Company (''Pioneer'')(NYSE:PXD - news; TSE:PXD. - news) announced today that Arthur L. Smith, a member of the Board of Directors, has resigned as a result of accepting the position of Chairman and CEO with Torch Energy Advisors Incorporated. Jon Brumley, Chairman, said, ''Our shareholders and employees are grateful to Art for his faithful service and commitment to excellence. We wish him success in his new endeavor.'' ---------------------------------- News of some some management shakeout and cost saving at PXD. Look for upside movement in the stock next week.

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