PIONEER NATURAL RESOURCES 10 YEAR BEST PRACTICES PROGRAM AND DATABASE
Albert S. Garza and Danny Hernandez, Pioneer Natural Resources, Scott W. Long, Flexbar, Inc.
August 17, 2006 marked the 10th Anniversary of the Pioneer Natural Resources, Preston Spraberry Unit (PSU) "Best Practices" Failure Reduction Program. This 10 year partnership between Pioneer Natural Resources, Flexbar Inc., Norris Rods, Tommy White Supply and Kel-Tech has resulted in significant reductions in downhole failures and savings in operational costs for Pioneer Natural Resources. The 10 year performance (FPWPY) for this 150 well, PSU "Best Practices" program has resulted in a 94 % reduction in Tubing Leaks, 75 % reduction in Rod Failures and an 80 % reduction in Pump Failures. The 10 year performance (Dollars Saved) for this PSU "Best Practices" 150 well project is estimated at $17.9 million utilizing the 2006 failure costs of $16,000 per Tubing Leak, $9,000 per Rod Failure and $8,000 per Pump Failure. This 10 year savings represents an average of $1.8 Million per year for this 150 well failure reduction program