Former Pioneer Natural Resources CEO Scott Sheffield told Hart Energy, “For now, I remain one of Exxon’s largest individual shareholders and as such will consider other options.”

ExxonMobil, under their Pioneer Natural Resources label, is seeking oil and gas permits in two separate locations in Midland.

Hess chief executive John Hess and Pioneer founder and former chief executive Scott Sheffield are no longer barred from holding board or advisory positions at the enlarged Chevron and ExxonMobil respectively.

Exxon Mobil is poised for renewed growth, driven by its dominant positions in the Permian Basin and Guyana. Learn why XOM stock is a Buy.

The Federal Trade Commission stated the decision to deny Scott Sheffield’s petition to allow him to serve on Exxon Mobil’s board was due to a technicality. But it added that it still “plans to consider his arguments in support of reopening and vacating the final order.

The Federal Trade Commission rejected Scott Sheffield's bid to reopen a consent order related to ExxonMobil's acquisition of Pioneer Natural Resources. Sheffield, the founder and ex-CEO of Pioneer, was denied as he isn't a party to the order,

Sheffield filed a petition in March requesting the FTC reconsider the final consent order, which also prohibits Exxon from nominating, designating or appointing any other Pioneer employees or directors, other than certain named individuals, to its board for five years.