Pioneer Southwest Energy Partners L.P. Increases Quarterly Distribution on Common Units

Pioneer Southwest Energy Partners L.P. (“Pioneer Southwest”) (NYSE:PSE) today announced a cash distribution of $0.51 per unit for the quarter ended March 31, 2011, on Pioneer Southwest's outstanding common units, representing a $0.01 per unit increase in the quarterly distribution. The distribution increase is primarily attributable to Pioneer Southwest’s successful two-rig drilling program.

The distribution is payable May 12, 2011, to unitholders of record at the close of business on May 2, 2011.

Pioneer Southwest is a Delaware limited partnership, headquartered in Dallas, Texas, with current production and drilling operations in the Spraberry field in West Texas. For more information, visit www.pioneersouthwest.com.

Pioneer Southwest Energy Partners L.P. Pioneer Southwest Energy Partners Lp (NYSE:PSE)
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