offset by lower lifting costs ($10.32/boe vs. Dbe $11.22/boe) Spraberry / Jo Mill: 4 Lower Spraberry and 1 Jo Mill well were completed in Q4. The Lower Spraberry wells had mixed results, EFTA01473336 6 May 2015 Oil & Gas Exploration & Production Pioneer Natural Resources Figure 2: PXD Results vs. DB Esti