Pioneer Natural Resources Scott Sheffield officially retires, new CEO begins role
(WO) – Pioneer Natural Resources Company announced that Richard ("Rich") P. Dealy has commenced his new role as Chief Executive Officer (CEO), and Scott D. Sheffield has transitioned to the non-executive role of Special Advisor to the CEO, both effective Jan. 1, 2024. Dealy succeeds Mr. Sheffield, who retired as CEO on Dec. 31, 2023. Sheffield and Dealy will both continue to serve on the Pioneer Board of Directors (Board).
Dealy, previously the company’s President and Chief Operating Officer (COO), brings more than 30 years of industry experience in roles spanning nearly all operations and business functions at Pioneer and its predecessor company. Dealy has been pivotal to securing Pioneer’s leading operational and financial position.
During his tenure with the company, Pioneer built one of the strongest investment grade balance sheets in the industry, became the largest oil producer in Texas, had six consecutive years of operational efficiency improvements and successfully integrated the acquisitions of Parsley Energy and Double Point Energy.
Sheffield commented, "Rich is a disciplined, focused and enthusiastic leader. He has been a major reason for our success, and the company could not be in better hands."
Dealy has served as the President and COO of Pioneer Natural Resources since January 2021. Previously, he had served as Executive Vice President and Chief Financial Officer from November 2004 through December 2020. Dealy has held leadership positions throughout Pioneer during his more than 30 years of tenure, including as a director of the general partner of Pioneer Southwest Energy Partners, a publicly traded Master Limited Partnership, from 2007 until its acquisition by the company in 2013.
He is a member of the Board of Directors of the American Exploration & Production Council (AXPC) and Compass Minerals International. Dealy graduated with honors from Eastern New Mexico University with a Bachelor of Business Administration in Accounting and Finance.
Pioneer is a large independent oil and gas exploration and production company, headquartered in Dallas, Texas, with operations in the United States.
