Restructuring

On March 1, 2020, Pioneer Energy Services announced that it has voluntarily filed petitions for Chapter 11 reorganization in the U.S. Bankruptcy Court for the Southern District of Texas.

Pioneer will continue to operate as normal throughout this process, and has sufficient liquidity to support its operations.

Pioneer intends to use this process to reduce its debt significantly, strengthen its balance sheet and better position the Company for the long-term.

Please visit here for more information on court filings and other documents or call toll free 833-991-0977 in the US or 503-597-7679 internationally.

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Recent News

Coronavirus (COVID-19) Update

In response to the emergence of COVID-19, we continue to monitor and take seriously the guidelines of health experts and are adhering to the highest possible standards issued by the World Health Organization (WHO) and Centers for Disease Control (CDC), as well as governments and regulators across our areas of operations. We have implemented a number of measures to safeguard the health of our employees, contractors and the community, while continuing to operate responsibly and maintaining the resiliency of the Company.

Pioneer Energy Services

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 24 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.

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