SAN ANTONIO, April 1, 2014 /PRNewswire/ -- Pioneer Energy Services Corp. ("Pioneer") (NYSE: PES) announced today the redemption of $200,528,000 in aggregate principal amount of its 9?% Senior Notes due 2018 (CUSIP No. 723655AB2) (the "Notes"). The Notes were issued pursuant to an Indenture, dated as of March 11, 2010 (as supplemented and in effect, the "Indenture"), among the Company, as issuer, the subsidiaries of the [...]
SAN ANTONIO, March 20, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) announced today that the Company will be participating in the Howard Weil 2014 Energy Conference to be held from March 23-27, 2014 in New Orleans. Wm. Stacy Locke, President and Chief Executive Officer, is scheduled to make a presentation on Wednesday, March 26 at 9:15 a.m. Central Time. The presentation will provide an update on the [...]
SAN ANTONIO, March 18, 2014 /PRNewswire/ -- Pioneer Energy Services Corp. ("Pioneer") (NYSE: PES) announced today the closing of its previously announced offering of $300 million in aggregate principal amount of its 6.125% Senior Notes due 2022 (the "Notes"). The Notes are guaranteed by certain of Pioneer's existing and future domestic subsidiaries. The net proceeds from the offering will be used by Pioneer to fund a [...]
SAN ANTONIO, March 4, 2014 /PRNewswire/ -- Pioneer Energy Services Corp. ("Pioneer") (NYSE: PES) announced today the upsizing of its previously announced cash tender offer (the "Tender Offer"). Under the terms of the upsized Tender Offer, Pioneer is offering to purchase up to $300 million in aggregate principal amount (the "Maximum Repurchase Amount") of its outstanding 9 7/8% Senior Notes due 2018 (CUSIP No. 723655AB2 [...]
SAN ANTONIO, March 4, 2014 /PRNewswire/ -- Pioneer Energy Services Corp. ("Pioneer") (NYSE: PES) announced today that it has priced its offering (the "Offering") of up to $300 million aggregate principal amount of 6.125% Senior Notes due 2022 (the "Notes"). The Notes will be issued at a price equal to 100% of their face value, plus accrued and unpaid interest from March 18, 2014. The Notes will be guaranteed by certain [...]
SAN ANTONIO, March 4, 2014 /PRNewswire/ -- Pioneer Energy Services Corp. ("Pioneer") (NYSE: PES) announced today that it intends to offer, subject to market and other conditions, up to $250 million in aggregate principal amount of its Senior Notes due 2022 (the "Notes"). The Notes will be guaranteed by certain of Pioneer's existing and future domestic subsidiaries. The net proceeds from the offering, if completed, are [...]
SAN ANTONIO, March 4, 2014 /PRNewswire/ -- Pioneer Energy Services Corp. ("Pioneer") (NYSE: PES) announced today that it has commenced a tender offer (the "Tender Offer") for up to $250 million of its outstanding 9 7/8% Senior Notes due 2018 (CUSIP No. 723655AB2) (the "Notes"). The Tender Offer is being made on the terms and subject to the conditions set forth in the Offer to Purchase, dated March 4, 2014 (the "Offer to [...]
SAN ANTONIO, Feb. 13, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the year ended December 31, 2013. Highlights include: Production Services Segment revenue was $112.2 million in the fourth quarter, down by 1% from the prior quarter. Well servicing rigs achieved an 85% utilization rate and an average hourly rate of $648. Drilling Services Segment margin [...]
SAN ANTONIO, Jan. 16, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced that it will release its fourth quarter 2013 financial results before the market opens on Thursday, February 13, 2014. In conjunction with the release, Pioneer has scheduled a conference call that will be broadcast live over the Internet the same day starting at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). Investors may [...]
SAN ANTONIO, Jan. 16, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced that it will release its fourth quarter 2013 financial results before the market opens on Thursday, February 13, 2014. In conjunction with the release, Pioneer has scheduled a conference call that will be broadcast live over the Internet the same day starting at 11:00 a.m. Eastern Time (10:00 a.m. Central Time). Investors may [...]
SAN ANTONIO, Jan. 8, 2014 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced it has renewed its drilling contracts with Ecopetrol for all eight of its drilling rigs in Colombia effective January 1, 2014. Pioneer recently operated six rigs for Ecopetrol under contracts that expired on December 31, 2013. The renewed contracts have a one-year fixed term and a slight improvement in day rates as compared to [...]
SAN ANTONIO, Texas, Nov. 8, 2013 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) announced that the Company's senior management will be participating in the Stephens Fall Investment Conference to be held November 12-13, 2013 in New York City and the Jefferies 2013 Global Energy Conference on November 13 in Houston. Wm. Stacy Locke, Pioneer's President and Chief Executive Officer, will make a presentation at the [...]
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