OverviewSuggest Edit

Pioneer Energy Services provides land contract drilling services and production services to independent and major oil and gas exploration and production companies. Production services include well servicing, wireline, and coiled tubing services.

Founded in 1968, Pioneer operates a modern fleet of more than 35 top performing drilling rigs throughout onshore oil and gas producing regions of the United States and Colombia. Pioneer production services are supported by 100 well-servicing rigs, more than 100 cased-hole, open-hole and offshore wireline units, and a range of advanced coiled tubing units.

TypePublic
Founded1968
HQSan Antonio, TX, US
Websitepioneeres.com
Employee Ratings3.2
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2019)2,100(-12%)
Job Openings22
Revenue (FY, 2019)$575.8 M(-2%)
Share Price (Apr 2020)$0
Cybersecurity ratingCMore

Key People/Management at Pioneer Energy Services

Charlie Thompson

Charlie Thompson

Chairman of the Board
Mathew S. Porter

Mathew S. Porter

President and Chief Executive Officer, Director
Lorne E. Phillips

Lorne E. Phillips

Executive Vice President and Chief Financial Officer
Bryce Seki

Bryce Seki

Vice President, General Counsel, Secretary and Compliance Officer
Brian L. Tucker

Brian L. Tucker

Executive Vice President and Chief Operating Officer
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Pioneer Energy Services Office Locations

Pioneer Energy Services has an office in San Antonio
San Antonio, TX, US (HQ)
1250 NE Interstate 410 Loop #1000
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Pioneer Energy Services Financials and Metrics

Pioneer Energy Services Revenue

Pioneer Energy Services's revenue was reported to be $575.79 m in FY, 2019
USD

Revenue (Q1, 2021)

58.7m

Gross profit (Q1, 2021)

13.4m

Gross profit margin (Q1, 2021), %

22.8%

Net income (Q1, 2021)

(16.9m)

EBIT (Q1, 2021)

(7.2m)

Market capitalization (13-Apr-2020)

1.7m

Closing stock price (13-Apr-2020)

0.0

Cash (31-Mar-2021)

29.0m

EV

129.6m
Pioneer Energy Services's current market capitalization is $1.7 m.
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

715.9m919.4m960.2m1.1b540.8m277.1m446.5m590.1m575.8m

Revenue growth, %

10%(49%)(49%)

Cost of goods sold

628.4m686.0m358.0m203.9m330.9m429.9m431.4m

Gross profit

331.7m369.3m182.8m73.1m115.6m160.2m144.4m
USDQ2, 2011

Debt/Equity

0.7 x

Debt/Assets

0.3 x

Financial Leverage

2.2 x
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Pioneer Energy Services Cybersecurity Score

Cybersecurity ratingPremium dataset

C

78/100

SecurityScorecard logo

Pioneer Energy Services Online and Social Media Presence

Embed Graph

Pioneer Energy Services Company Culture

  • Overall Culture

    C+

    68/100

  • CEO Rating

    A-

    75/100

  • Compensation

    B-

    70/100

Learn more on Comparably

Pioneer Energy Services News and Updates

Patterson-UTI Energy Announces Agreement to Acquire Pioneer Energy Services

HOUSTON, July 6, 2021 /PRNewswire/ -- PATTERSON-UTI ENERGY, INC. (NASDAQ:PTEN) today announced that it has entered into an agreement to acquire Pioneer Energy Services Corp. for approximately $295 million, which includes the retirement of all Pioneer Energy Services' debt. Consideration...

Pioneer Energy Services Successfully Emerges from Chapter 11

SAN ANTONIO, June 1, 2020 /PRNewswire/ -- Pioneer Energy Services Corp. ("Pioneer" or "the Company") announced today that it has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process and implementing the Chapter 11 reorganization plan...

Pioneer Energy Services Receives a Continued Listing Standard Notice from the NYSE

SAN ANTONIO, June 12, 2019 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced that it has been notified by the New York Stock Exchange (the "NYSE") that its common stock does not satisfy one of the NYSE's standards for continued listing. The NYSE requires that the average ...

Pioneer Energy Services Reports Fourth Quarter 2018 Results

SAN ANTONIO, Feb. 19, 2019 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the quarter ended December 31, 2018. Fourth quarter and recent notable items include: Domestic drilling fleet was fully utilized and generated an average...

Wireline Logging Services Global Market 2018: Key Players – Pioneer Energy Services, Casedhole Solutions, Nabors Industries, OilServe

Wiseguyreports.Com adds “Wireline Logging Services Market –Market Demand, Growth, Opportunities, Analysis of Top Key Players and Forecast to 2025” To Its Research Database. Posted via Industry Today. Follow us on Twitter @IndustryToday

Pioneer Energy Services to Participate in the Jefferies 2018 Global Energy Conference

SAN ANTONIO, Nov. 19, 2018 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today announced that the Company's senior management will participate in the Jefferies 2018 Global Energy Conference on Tuesday, November 27 in Houston. Brian Tucker, Pioneer's Executive Vice President and...
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Pioneer Energy Services Frequently Asked Questions

  • When was Pioneer Energy Services founded?

    Pioneer Energy Services was founded in 1968.

  • Who are Pioneer Energy Services key executives?

    Pioneer Energy Services's key executives are Charlie Thompson, Mathew S. Porter and Lorne E. Phillips.

  • How many employees does Pioneer Energy Services have?

    Pioneer Energy Services has 2,100 employees.

  • What is Pioneer Energy Services revenue?

    Latest Pioneer Energy Services annual revenue is $575.8 m.

  • What is Pioneer Energy Services revenue per employee?

    Latest Pioneer Energy Services revenue per employee is $274.2 k.

  • Who are Pioneer Energy Services competitors?

    Competitors of Pioneer Energy Services include Ranger Energy Services, NexTier Oilfield Solutions and Precision Drilling.

  • Where is Pioneer Energy Services headquarters?

    Pioneer Energy Services headquarters is located at 1250 NE Interstate 410 Loop #1000, San Antonio.

  • Where are Pioneer Energy Services offices?

    Pioneer Energy Services has an office in San Antonio.

  • How many offices does Pioneer Energy Services have?

    Pioneer Energy Services has 1 office.