Pioneer Southwest Energy Partners L.P, a mining and exploration company, on its Pro rated Quarterly Distributionadmin
Pioneer Southwest Energy Partners L.P, a mining and exploration company is to announce its cash distribution of $0.31 per unit on Pioneer Southwest’s outstanding common units for the quarter ended June 30, 2008. The distribution is payable August 12, 2008 to unitholders of record at the close of business on July 29, 2008. This distribution reflects an annual distribution rate of $2.00 per common unit, pro rated from the May 6, 2008 closing date of Pioneer Southwest’s initial public offering through June 30, 2008.
Pioneer Southwest is a Delaware limited partnership formed by Pioneer Natural Resources Company to own and acquire oil and gas assets in its area of operations. This area includes onshore Texas and eight counties in the southeast region of New Mexico.
Pioneer Southwest Energy Partners L.P. Investors: Frank Hopkins, 972-969-4065 or Media and Public Affairs:
Susan Spratlen, 972-969-4018
Source: Pioneer Southwest Energy Partners L.P.