SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549


FORM 8-K
CURRENT REPORT

Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934

 
Date of Report (Date of earliest event reported):  January 28, 2011
 

PIONEER SOUTHWEST ENERGY PARTNERS L.P.
(Exact name of registrant as specified in its charter)
 
 
Delaware
001-34032
26-0388421
(State or other jurisdiction of
incorporation)
(Commission
File Number)
(I.R.S. Employer
Identification No.)
     
5205 N. O'Connor Blvd., Suite 200, Irving, Texas
 
75039
(Address of principal executive offices)
 
(Zip Code)
     
 

Registrant’s telephone number, including area code:  (972) 444-9001
 
Not applicable
(Former name or former address, if changed since last report)
 
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
 
 
[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
 
 
[  ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
 
 
[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
 
 
[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)
 

 
 

 


Item 3.01    Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.
 
The independent members of the Board of Directors of the general partner of Pioneer Southwest Energy Partners L.P. (the “Partnership”) have adopted a policy whereby, at executive sessions of the Board, in which the independent directors meet regularly without any members of management present, one of the directors will be appointed to preside at such meetings. The role of presiding director will be rotated among the four independent directors. The independent directors adopted this policy in response to a notice the Partnership received on January 28, 2011, from the New York Stock Exchange (the “NYSE”) informing the Partnership that the practice, as disclosed in the Partnership’s Annual Report on Form 10-K, of not designating any one of the four independent directors to preside at the executive sessions did not satisfy the NYSE’s listing standard in Section 303A.03 of the NYSE’s Listed Company Manual that each listed company designate a presiding director at executive sessions.



 
 

 


SIGNATURES


Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.


 
PIONEER SOUTHWEST ENERGY PARTNERS L.P.
By: Pioneer Natural Resources GP LLC, its general partner
 
       
       
 
By:  
/s/ Frank W. Hall                                                        
 
   
Frank W. Hall,
 
   
Vice President and Chief
 
   
Accounting Officer
 
       
Dated:  February 2, 2011