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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. )*
PIONEER NATURAL RESOURCES COMPANY
(Name of Issuer)
Common Stock, $0.01 par value
(Title of Class of Securities)
723787107
(CUSIP Number)
March 23, 1998
(Date of Event Which
Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule
is filed:
[ ] Rule 13d-1(b)
[X] Rule 13d-1(c)
[ ] Rule 13d-1(d)
*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
Page 1 of 5 Pages
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SCHEDULE 13G
CUSIP No. 723787107
1 NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (entities only)
Richard E. Rainwater
2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(See Instructions) (a) [ ]
(b) [ ]
3 SEC USE ONLY
4 CITIZENSHIP OR PLACE OF ORGANIZATION
USA
NUMBER OF 5 SOLE VOTING POWER
SHARES 5,433,929
BENEFICIALLY
OWNED BY 6 SHARED VOTING POWER
EACH 82,202
REPORTING
PERSON 7 SOLE DISPOSITIVE POWER
WITH 5,433,929
8 SHARED DISPOSITIVE POWER
82,202
9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
5,516,131
10 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
(See Instructions) [ ]
11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
5.5%1
12 TYPE OF REPORTING PERSON (See Instructions)
IN
- -----------------------------
(1) Based on 100,722,000 shares of Common Stock outstanding as of March
20, 1998.
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ITEM 1.
(a) Name of issuer: Pioneer Natural Resources Company
(b) Address of issuer's principal executive offices: 1400 Williams Square
West
5205 North O'Conner
Boulevard
Irving, Texas 75039
ITEM 2.
(a) Name of persons filing: Richard E. Rainwater
(b) Address of principal business office: 777 Main Street, Suite 2250
Fort Worth, Texas 76102
(c) Citizenship
Mr. Rainwater is a citizen of the United States of America.
(d) Title of class of Securities: Common Stock, par value $0.01
(e) CUSIP Number: 723787107
ITEM 3. If this statement is filed pursuant to 240.13d(b) or 240.13d-2(b) or
(c), check whether the person filing is a:
(a) [ ] Broker or dealer registered under section 15 of the Act
(15 U.S.C. 78o).
(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
(c) [ ] Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c).
(d) [ ] Investment company registered under section 8 of the
Investment Company Act of 1940 (15 U.S.C. 80a-8).
(e) [ ] An investment adviser in accordance with 240.13d-1(b)(1)
(ii)(E);
(f) [ ] An employee benefit plan or endowment fund in accordance with
240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or control person in accordance with
240.13d-1(b)(1)(ii)(G);
(h) [ ] A savings association as defined in Section 3(b) of the
Federal Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded from the definition of an
investment company under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
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(j) [ ] Group, in accordance with 240.13d-1(b)(1)(ii)(J).
If this statement is filed pursuant to 240.13d-1(c), check this box. [X]
ITEM 4. OWNERSHIP
Provide the following information regarding the aggregate number and percentage
of the class of securities of the issuer identified in Item 1.
(a) Amount beneficially owned: 5,516,131
(b) Percent of class: 5.5%.
(c) Number of shares as to which each person has:
(i) sole power to vote or to direct the vote: 5,433,929
(ii) shared power to vote or to direct the vote: 82,202
(iii) sole power to dispose or to direct the disposition of:
5,433,929
(iv) shared power to dispose or to direct the disposition of:
82,202
ITEM 5. OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS
Not applicable.
ITEM 6. OWNERSHIP OF MORE THAN FIVE PERCENT ON BEHALF OF ANOTHER PERSON
Of the 5,516,131 shares of Common Stock reported herein by Mr.
Rainwater, 109,324 shares are owned directly by Rainwater, Inc., of which Mr.
Rainwater is the sole shareholder, and 82,202 shares (of which Mr. Rainwater
disclaims beneficial ownership) are owned by Mr. Rainwater's spouse. Thus,
Rainwater, Inc. and Mr. Rainwater's spouse have the right to receive and the
power to direct the receipt of dividends from, and the proceeds from the sale
of, 109,324 shares and 82,202 shares, respectively, of Common Stock.
ITEM 7. IDENTIFICATION AND CLASSIFICATION OF THE SUBSIDIARY WHICH ACQUIRED THE
SECURITY BEING REPORTED ON BY THE PARENT HOLDING COMPANY
Not applicable.
ITEM 8. IDENTIFICATION AND CLASSIFICATION OF MEMBERS OF THE GROUP
Not applicable.
ITEM 9. NOTICE OF DISSOLUTION OF GROUP
Not applicable.
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ITEM 10. CERTIFICATION
By signing below I certify that, to the best of my knowledge and
belief, the securities referred to above were not acquired and are not held for
the purpose of or with the affect of changing or influencing the control of the
issuer of the securities and were not acquired and are not held in connection
with or as a participant in any transaction having that purpose or effect.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief,
the undersigned certifies that the information set forth in this statement is
true, complete and correct.
Date: March 25, 1998
/s/ J. Randall Chappel
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Richard E. Rainwater
By: J. Randall Chappel,
Attorney-in-Fact
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