Pioneer Southwest Energy Partners L.P. (“Pioneer Southwest”) (NYSE:PSE) today announced its third quarter 2011 earnings press release is scheduled to be issued after the close of trading on the New York Stock Exchange on Tuesday, November 1, 2011.

A conference call is scheduled for Wednesday, November 2, 2011 at 1:30 p.m. CT to discuss the third quarter results. Instructions on how to listen to the call and view the accompanying presentation are shown below.

Internet: www.pioneersouthwest.comSelect “Investors,” then “Earnings Calls & Webcasts” to listen to the discussion and view the presentation.

Telephone: Dial (877) 719-9789confirmation code: 1604214 five minutes before the call to listen to the discussion. View the presentation via Pioneer Southwest’s internet address above.

A replay of the webcast will be archived on Pioneer Southwest’s website. A telephone replay will be available through November 23 by dialing (888) 203-1112, confirmation code: 1604214.

Pioneer Southwest is a Delaware limited partnership headquartered in Dallas, Texas, with current production and drilling operations in the Spraberry field in West Texas.

Special Notice Regarding Pioneer Natural Resources Company Third Quarter Earnings Call: On Wednesday, November 2, 2011 at 11:00 a.m. CT, Pioneer Natural Resources Company (“PNRC”) will conduct its third quarter 2011 earnings conference call and webcast. Pioneer Southwest was formed by PNRC to own and acquire oil and gas assets in Pioneer Southwest’s area of operations. As such, it is possible that discussion on the PNRC call will include matters regarding Pioneer Southwest. To listen to the PNRC call, dial (877) 718-5111 confirmation code: 3367644 five minutes before the call. The accompanying presentation can be viewed at www.pxd.com. Select “Investors,” then “Earnings Calls & Webcasts” to listen to the discussion and view the presentation. A replay of the webcast will be archived on PNRC’s website. A telephone replay will be available through November 23 by dialing (888) 203-1112, confirmation code: 3367644.

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