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Pioneer Energy Services Corp (PES)

PES on New York Consolidated

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22 Jul 2019
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Latest Key Developments (Source: Significant Developments)

Pioneer Energy Services Estimates Q4 Production Services Revenue Down About 8 Pct Sequentially
Wednesday, 9 Jan 2019 08:08am EST 

Jan 9 (Reuters) - Pioneer Energy Services Corp ::PIONEER ENERGY SERVICES - Q4 PRODUCTION SERVICES REVENUE IS ESTIMATED TO BE DOWN ABOUT 8% SEQUENTIALLY VERSUS PREVIOUS GUIDANCE OF FLAT TO DOWN 4%.PIONEER ENERGY SERVICES - Q4 GROSS MARGIN AS PERCENTAGE OF REVENUE IS ESTIMATED TO BE AT THE LOW END OR JUST BELOW THE PREVIOUS GUIDANCE OF 20% TO 23%.PIONEER ENERGY SERVICES - Q4 DOMESTIC DRILLING MARGIN PER DAY IS EXPECTED TO BE AT THE HIGH END OF THE CURRENT GUIDANCE OF $9,700 TO $10,200 PER DAY..PIONEER ENERGY SERVICES - REVENUE, GROSS MARGIN PERCENT IMPACTED BY SOFTER THAN EXPECTED ACTIVITY IN WIRELINE AS COMPLETION ACTIVITY SLOWED LATE IN Q4.PIONEER ENERGY SERVICES - IN COLOMBIA, SEVEN RIGS ARE CURRENTLY EARNING REVENUE..  Full Article

Pioneer Energy Services Reports Q3 2018 Results
Tuesday, 30 Oct 2018 06:00am EDT 

Oct 30 (Reuters) - Pioneer Energy Services Corp ::PIONEER ENERGY SERVICES REPORTS THIRD QUARTER 2018 RESULTS.Q3 LOSS PER SHARE $0.07.Q3 REVENUE $149.3 MILLION VERSUS I/B/E/S VIEW $149.5 MILLION.Q3 EARNINGS PER SHARE VIEW $-0.14 -- THOMSON REUTERS I/B/E/S.ANTICIPATE NORMAL SEASONAL SLOWDOWN IN Q4.PIONEER ENERGY SERVICES SAYS IN Q4 OF 2018, REVENUE FROM PRODUCTION SERVICES BUSINESS SEGMENTS IS ESTIMATED TO BE FLAT TO DOWN 4% AS COMPARED TO Q3.PIONEER ENERGY SERVICES - MARGIN FROM PRODUCTION SERVICES BUSINESS IS ESTIMATED TO BE 20% TO 23% OF REVENUE IN Q4.EXPECT OVERALL ACTIVITY TO REMAIN "HEALTHY" AND IMPROVE AS CO ENTERS INTO 2019.PIONEER ENERGY SERVICES - EXPECT TO HAVE SEVEN RIGS OPERATING ON DAYWORK RATES IN COLOMBIA BY END OF Q4.SAYS ESTIMATE TOTAL CASH CAPITAL EXPENDITURES FOR 2018 TO BE APPROXIMATELY $70 MILLION.  Full Article

Pioneer Energy Services Says Q3 Production Services Revenues Is Estimated To Be Down 5 Pct To 7 Pct Sequentially
Wednesday, 26 Sep 2018 06:29am EDT 

Sept 26 (Reuters) - Pioneer Energy Services Corp ::PIONEER ENERGY SERVICES SAYS Q3 PRODUCTION SERVICES REVENUES IS ESTIMATED TO BE DOWN 5% TO 7% SEQUENTIALLY - SEC FILING.PIONEER ENERGY SERVICES - Q3 GROSS MARGIN AS A PERCENTAGE OF REVENUE IS ESTIMATED TO BE ABOUT 21% TO 23%.PIONEER ENERGY SERVICES CORP - SEES Q3 INTERNATIONAL DRILLING UTILIZATION TO BE ABOUT 76% TO 80% VERSUS PREVIOUS GUIDANCE OF 85% TO 87%.PIONEER ENERGY SERVICES - Q3 PRODUCTION SERVICES REVENUE, Q3 GROSS MARGIN PERCENTAGES ARE DOWN DUE TO "SOFTER THAN EXPECTED ACTIVITY IN WIRELINE ".  Full Article

Pioneer Energy Services Q2 Adjusted Loss Per Share $0.19
Tuesday, 31 Jul 2018 06:00am EDT 

July 31 (Reuters) - Pioneer Energy Services Corp ::PIONEER ENERGY SERVICES REPORTS SECOND QUARTER 2018 RESULTS.Q2 LOSS PER SHARE $0.23.Q2 REVENUE $154.8 MILLION VERSUS I/B/E/S VIEW $154.8 MILLION.Q2 EARNINGS PER SHARE VIEW $-0.10 -- THOMSON REUTERS I/B/E/S.Q2 ADJUSTED LOSS PER SHARE $0.19.OUTLOOK FOR COLOMBIA IS BRIGHT AND WE EXPECT MARGINS TO GRADUALLY IMPROVE IN FUTURE QUARTERS.IN Q3 REVENUE FROM PRODUCTION SERVICES BUSINESS SEGMENTS ESTIMATED DOWN 3% TO 5% VERSUS Q2 2018.ESTIMATE TOTAL CASH CAPITAL EXPENDITURES FOR 2018 TO BE APPROXIMATELY $65 MILLION TO $70 MILLION.Q3 MARGIN FROM PRODUCTION SERVICES BUSINESS ESTIMATED TO BE 23% TO 25% OF REVENUE.CONSTRUCTION OF NEW-BUILD DRILLING RIG EXPECTED TO BE COMPLETED IN 2019.PIONEER ENERGY SERVICES - SEVERAL KEY CLIENTS IN OTHER MARKETS IN U.S. ARE TEMPORARILY DELAYED DUE TO SOME EVENTS SUCH AS CHANGING OUT FRAC PROVIDERS.  Full Article

Pioneer Energy Services Files For Mixed Shelf Of Up To $300 Mln
Tuesday, 22 May 2018 08:37am EDT 

May 22 (Reuters) - Pioneer Energy Services Corp ::PIONEER ENERGY SERVICES CORP FILES FOR MIXED SHELF OF UP TO $300 MILLION – SEC FILING.  Full Article

Pioneer energy announces advanced discussions regarding a new $175 mln senior secured term loan
Thursday, 2 Nov 2017 07:30am EDT 

Nov 2 (Reuters) - Pioneer Energy Services Corp :Pioneer Energy announces advanced discussions regarding a new $175 million senior secured term loan and commitment letter for $75 million asset-based lending facility.Pioneer Energy Services Corp - ‍Currently expect to close term loan and ABL facility in November 2017​.Pioneer Energy Services - ‍Received commitment letter from lender on proposed $75 million five-year senior-secured revolving asset-based lending facility​.  Full Article

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Saipem joint venture push with U.S. drillers draws a blank: sources

MILAN/LONDON Italian oil services company Saipem is trying to lure big U.S. rivals into joint ventures but has so far failed to secure deals for stakes in drilling operations valued at up to 1.5 billion euros ($1.7 billion), six sources told Reuters.