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Pioneer Energy Services Corp.
15 articles mentioning Pioneer Energy Services Corp.
Pioneer Energy Services Emerges from Bankruptcy
Pioneer Energy Services Corp. has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process. Pioneer reduced total debt by approximately $267 million, from $475 million to $208 million, and obtained a new $75...
Pioneer Energy Services Files for Bankruptcy
Pioneer Energy Services Corp. has filed for bankruptcy. This Chapter 11 process does not include the Company's international entities, the majority of which are located in Colombia. Pioneer At a Glance CEO Stacy Locke commented: "Over...
Rig Count Drop: Thoughts from Contractors Who Own 47% of the Market Share
Shale Experts looked through numerous Q4 reports and conference calls from several service companies, including Pioneer, Precision, Helmerich & Payne and Patterson UTI - these companies, together, control 47% of the market share. In short, the...
Pioneer Energy Services' Credit Facility Set at $175MM
The aggregate amount of commitments is set at $175 million, representing a reduction of $25 million.
Pioneer Energy Services Q4-2015 Results; Rigs Sales; Utilization Rate Down; Revenue Down
Drilling utilization was 54% based on an average fleet of 37 rigs. Sold four SCR drilling rigs for aggregate gross proceeds of $17.3 million and classified four additional rigs as held-for-sale at year-end.
Pioneer Energy Services High Grades Remaining Rig Fleet
High-graded US drilling fleet by adding leading-edge AC walking rigs, selling 28 mechanical and lower-horsepower SCR rigs.
Pioneer Energy Services Preps for More Idle Rigs
In it's latest presentation, Pioneer Energy Services Corp. has noted that it expects more rigs to be idled in the first quarter of 2015.
Pioneer Energy Services Ups Borrowing Capacity to $350MM
This represents an increase of $100 million over the company's prior credit facility.
Pioneer Details Rigs, Progress Across All Service Sectors; Unveils 2014 CapEx
Revenue for the Drilling Services Segment was $126.0 million in the fourth quarter, a 4% decrease from the prior quarter and a 3% decrease from the year-earlier quarter.
Ecopetrol Renews 8-Rig Contract with Pioneer for Colombian Ops
Pioneer's six drilling rigs that are currently working for Ecopetrol will continue working uninterrupted under the renewed drilling contracts.
Pioneer Maintains Momentum Onshore Colombia; Ups Revenues
Production Services revenues were up 14% over the first quarter of 2013.
Pioneer Initiates Testing on CNG/Gas-Powered Trucks
The bi-fuel truck is a 2013 Chevrolet 2500HD 4X4 Extended Cab able to run on both gasoline and low-cost CNG.
Pioneer Energy Services Talks Q1 Drilling Ops
"Our new-build drilling rig program is now complete, with 10 new-build rigs fully deployed and generating strong margins under multi-year contracts," said Wm. Stacy Locke, President & CEO of Pioneer.
Study: 2012 Eagle Ford Ops Added $61B to Economy
UTSA scholars examined the region’s 14 oil and natural gas-producing counties and the six surrounding counties which serve as staging areas for the oil and gas play.
Pioneer Energy Ups Revenue, Details Colombia Activity
In addition to seeing an increase in revenue at year-end 2012, Pioneer Energy Services maintained eight active service rigs onshore Colombia.