Operational Updates | Service & Supply | Quarterly / Earnings Reports | Oilfield Services
Pioneer Energy Ups Revenue, Details Colombia Activity
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Pioneer Energy Services reported financial and operating results for the three and twelve months ended December 31, 2012. Financial and operational highlights include:
Two new-build drilling rigs were added in the fourth quarter and one more has been added since year end; Four well servicing rigs and two coiled tubing units have been added since the end of the third quarter; All eight drilling rigs in Colombia are operating under contract; 43 of the Company's 59 working drilling rigs, or 73%, are operating under term drilling contracts; 93% of our working drilling rigs and 78% of production services assets are operating on wells that are targeting or producing oil or liquids-rich natural gas. Consolidated Financial ResultsRevenues for the fourth quarter of 2012 were $227.9 million…
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