SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): December 5, 1997
PIONEER NATURAL RESOURCES COMPANY
(Exact name of Registrant as specified in its charter)
Delaware 333-26951 75-2702753
(State or other jurisdiction of Registration (I.R.S. Employer
incorporation or organization) File Number Identification Number)
1400 Williams Square West, 5205 N. O'Connor Blvd., Irving, Texas 75039
(Address of principal executive offices) (Zip code)
Registrant's Telephone Number, including area code : (972) 444-9001
Not applicable
(Former name, former address and former fiscal year,
if changed since last report)
Page 1 of 3 pages.
There are no exhibits.
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Pioneer Natural Resources Company
Item 4. Changes in Registrant's Certifying Accountants
At a meeting held on December 5, 1997, the Board of Directors of Pioneer Natural
Resources Company (the "Company") approved the engagement of Ernst & Young LLP
as the Company's independent auditors for the fiscal year ending December 31,
1998 to replace the firm of KPMG Peat Marwick LLP, who will be dismissed as
auditors of the Company after completing the audit of the Company for the fiscal
year ending December 31, 1997. The audit committee of the Board of Directors
approved the change in auditors on December 5, 1997, subject to ratification by
the Company's stockholders.
The reports of KPMG Peat Marwick LLP on the Company's financial statements for
the past two fiscal years did not contain an adverse opinion or a disclaimer of
opinion and were not qualified or modified as to uncertainty, audit scope, or
accounting principles.
In connection with the audits of the Company's financial statements for each of
the two fiscal years ended December 31, 1995 and 1996, and in the subsequent
interim period, there were no disagreements with KPMG Peat Marwick LLP on any
matters of accounting principles or practices, financial statement disclosure,
or auditing scope and procedures which, if not resolved to the satisfaction of
KPMG Peat Marwick LLP would have caused KPMG Peat Marwick LLP to make reference
to the matter in their report.
The Company has requested KPMG Peat Marwick LLP to furnish the Company with a
letter addressed to the Securities and Exchange Commission stating whether KPMG
Peat Marwick LLP agrees with the above statements. A copy of that letter will be
filed with the Securities and Exchange Commission as an amendment to this Form
8-K within 10 business days of this filing.
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PIONEER NATURAL RESOURCES COMPANY
S I G N A T U R E S
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
PIONEER NATURAL RESOURCES COMPANY
/s/ M. Garrett Smith
Date: December 12, 1997 By: ---------------------------------
M. Garrett Smith
Executive Vice President and
Chief Financial Officer
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