Preheat oven to 350
degrees F. Grease bottom only of two 9 x 5 or 3 - 8 x 4 loaf pans.
In a medium bowl, combine oil, water, eggs and pumpkin; blend well. Add to flour mixture; beat one minute at medium speed. Fold in pecans. Pour batter into greased pans.
Bake at 350 degrees F. for 60 to 70 minutes or until toothpick inserted in center comes out clean. Cool 10 minutes and then remove from pans. Cool completely on wire rack.