Pioneer Energy Services Corp (PES) 4.39 $PES
Pioneer Energy reports 1Q loss
Automated Insights - Fri Apr 29, 5:35AM CDT
SAN ANTONIO (AP) _ Pioneer Energy Services Corp. (PES) on Friday reported a loss of $27.7 million in its first quarter.
PES: 4.39 (-0.32)
Pioneer Energy Services Announces First Quarter 2016 Earnings Release and Conference Call Schedule
PR Newswire - Thu Apr 28, 6:45AM CDT
Pioneer Energy Services (NYSE: PES) today announced that it will release its first quarter 2016 financial results before the market opens on Friday, April 29. 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 participate in the call either by phone or audio webcast.
PES: 4.39 (-0.32)
Pioneer Energy Services Announces Amended Revolving Credit Facility and Sale of Four SCR Drilling Rigs
PR Newswire - Wed Dec 23, 3:15PM CST
Pioneer Energy Services (NYSE: PES) today announced that it has amended its existing senior secured revolving credit facility and modified certain covenants. Under the new agreement:
PES: 4.39 (-0.32)
Perception, Opportunity in Volatility - Featured Research on Corcept Therapeutics, Pioneer Energy Services, Ruby Tuesday, and RealD
ACCESSWIRE - Tue Dec 15, 7:10AM CST
NEW YORK, NY / ACCESSWIRE / December 15, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Corcept Therapeutics Inc. (NASDAQ: CORT), Pioneer Energy Services Corp (NYSE: PES), Ruby Tuesday Inc. (NYSE: RT) and RealD Inc. (NYSE: RLD). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
RT: 3.79 (-0.07), RLD: 11.00 (+0.02), PES: 4.39 (-0.32), CORT: 5.22 (-0.25)
Global Oilfield Services Market Report Worth USD 144.36 Billion by 2020 - Trends, Technologies & Forecast 2015-2020
M2 - Thu Dec 10, 9:04AM CST
Research and Markets (http://www.researchandmarkets.com/research/hv5xqc/oilfield_services) has announced the addition of the "Oilfield Services Market by Type (Coiled Tubing, Well Completion, Well Intervention, Pressure Pumping, OCTG, Drilling Waster Management, Drilling & Completion Fluids, and Wireline ), & by Region - Global trends & Forecast to 2020" report to their offering. The low crude oil prices have created a demand for optimizing production from existing oilfields and to operate at an economical rate. In June 2015, the OPEC member countries decided to leave their collective production targets unchanged at 30 million barrels per day. With continued increase in the oil and gas production in the near future, the market for oilfield services is expected to grow at a CAGR of 5.0% from 2015 to 2020 reaching to $144.36 Billion by 2020. In terms of significance, the market has been segmented on the basis of service type include coiled tubing services, completion equipment & services, well intervention services, pressure pumping services, OCTG, drilling waste management services, drilling & completion fluids services, and wireline services. The market segments by application include onshore and offshore applications. The regional market segmentation includes the market size and share of North America, South America, Asia-Pacific, Europe, Middle East and Africa. The market has been segmented into: On the basis of Service Type - Coiled Tubing Services - Well Completion Equipment & Services - Well Intervention Services - Pressure Pumping Services - Oil Country Tubular Goods (OCTG) - Drilling Waste Management Services - Drilling & Completion Fluids Services - Wireline Services On the basis of Application - Onshore - Offshore On the basis of Region - North America - South America - Asia-Pacific - Middle East - Europe - Africa Companies Mentioned: - Archer Limited - Baker Hughes Incorporated - Basic Energy Services Inc. - Calfrac Well Services Ltd. - Expro International Group - Halliburton Company - Key Energy Services - Nabors Industries Ltd. - National Oilwell Varco, Inc. - Pioneer Energy Services - Precision Drilling Corporation - Schlumberger Limited - Superior Energy Services Inc. - Trican Well Service Ltd. - Weatherford International Ltd. Report Structure: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Oilfield Services Market, By Application 7 Oilfield Services Market, By Service Type 8 Oilfield Services Market, By Region 9 Competitive Landscape 10 Company Profile 11 Appendix For more information visit http://www.researchandmarkets.com/research/hv...d_services
NBR: 10.06 (-0.73), PDS: 5.10 (-0.32), PES: 4.39 (-0.32), SLB: 76.66 (-2.93), WFT: 5.91 (-0.38), KEG: 0.23 (-0.04), SPN: 18.55 (-0.89), BHI: 45.22 (-1.95)
Technical Insight on Equity Market - Research on Datalink, Westport Innovations, Pioneer Energy Services and North Atlantic Drilling
ACCESSWIRE - Wed Dec 02, 7:35AM CST
NEW YORK, NY / ACCESSWIRE / December 02, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Datalink Corp (NASDAQ: DTLK), Westport Innovations Inc (NASDAQ: WPRT), Pioneer Energy Services Corp (NYSE: PES) and North Atlantic Drilling Ltd (NYSE: NADL). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
WPRT: 1.55 (-0.12), DTLK: 7.90 (-0.21), PES: 4.39 (-0.32), NADL: 6.80 (-1.02)
How it All Plays Out- Research on Datalink, Westport Innovations, Pioneer Energy Services and North Atlantic Drilling
ACCESSWIRE - Fri Nov 20, 7:40AM CST
NEW YORK, NY / ACCESSWIRE / November 20, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Datalink Corp (NASDAQ: DTLK), Westport Innovations Inc (NASDAQ: WPRT), Pioneer Energy Services Corp (NYSE: PES) and North Atlantic Drilling Ltd (NYSE: NADL). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
WPRT: 1.55 (-0.12), DTLK: 7.90 (-0.21), PES: 4.39 (-0.32), NADL: 6.80 (-1.02)
Pioneer Energy Services to Participate in the Jefferies 2015 Global Energy Conference and Stephens 2015 Fall Investment Conference
PR Newswire - Tue Nov 03, 2:20PM CST
Pioneer Energy Services (NYSE: PES) today announced that the Company's senior management will participate in the Jefferies 2015 Global Energy Conference on Wednesday, November 11 in Houston.
PES: 4.39 (-0.32)
OSP helps Pioneer Energy Services with coiled tubing bacterial issue in the Eagle Ford
CNW Group - Mon Nov 02, 2:21PM CST
OSP worked with Pioneer Energy Services (NYSE
ES) to successfully apply their 2K7(®) biocide to mitigate bacterial growth in coiled tubing fluids in the Eagle Ford formation.
PES: 4.39 (-0.32)
Pioneer Energy Services Reports Third Quarter 2015 Results
PR Newswire - Thu Oct 29, 5:00AM CDT
Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the quarter ended September 30, 2015. Notable items for the third quarter and recent developments include:
PES: 4.39 (-0.32)
Patterson-UTI Suffers Y/Y; Q3 Loss Narrower than Expected
Zacks Equity Research - Zacks Investment Research - Fri Oct 23, 12:40PM CDT
Patterson-UTI Energy Inc. (PTEN) reported third-quarter loss per share of 26 cents, narrower than the Zacks Consensus Estimate of a loss of 34 cents.
NBR: 10.06 (-0.73), PES: 4.39 (-0.32), HP: 66.09 (-3.08), PTEN: 20.41 (-1.20)
Pioneer Energy Services Announces Third Quarter 2015 Earnings Release and Conference Call Schedule
PR Newswire - Thu Oct 01, 12:26PM CDT
Pioneer Energy Services (NYSE: PES) today announced that it will release its third quarter 2015 financial results before the market opens on Thursday, October 29. 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 participate in the call either by phone or audio webcast.
PES: 4.39 (-0.32)
Oil and Gas Drilling and Exploration Equities Technical Notes -- Petroleo Brasileiro, SandRidge Energy, Pioneer Energy Services, W&T Offshore, and Unit Corp.
PR Newswire - Mon Sep 28, 7:03AM CDT
Equity Research Institute has initiated coverage on the following equities: Petroleo Brasileiro S.A. (NYSE: PBR), SandRidge Energy Inc. (NYSE: SD), Pioneer Energy Services Corporation (NYSE: PES), W&T Offshore Inc. (NYSE: WTI), and Unit Corporation (NYSE: UNT). Free research report on Petroleo Brasileiro can be accessed at https://www.erionline.net/PBR.pdf On Friday, September 25, 2015, the NASDAQ Composite ended at 4,686.50, down 1.01%, the Dow Jones Industrial Average advanced 0.70%, to finish the day at 16,314.67, and the S&P 500 closed at 1,931.34, down 0.05%. The losses were broad based as six out of nine sectors ended the session in negative. Register for your complimentary reports at the links given below.
SD: 0.15 (-0.02), PBR: 6.74 (-0.47), UNT: 16.66 (-1.15), WTI: 2.21 (-0.09), PES: 4.39 (-0.32)
Pioneer Energy Services to Present at the Johnson Rice & Company 2015 Energy Conference on September 28
PR Newswire - Fri Sep 18, 7:00AM CDT
Pioneer Energy Services (NYSE: PES) today announced that the Company's senior management will participate in the Johnson Rice & Company 2015 Energy Conference on Monday, September 28 in New Orleans.
PES: 4.39 (-0.32)
Pioneer Energy Services amends revolving credit facility to enhance financial flexibility
M2 - Wed Sep 16, 9:12AM CDT
Land drilling company Pioneer Energy Services (NYSE ES) said on Tuesday that the borrowing capacity of its amended senior secured revolving credit facility is now USD300m, with more flexible financial covenants.
PES: 4.39 (-0.32)
Oilfield Services Market: Coiled Tubing, Well Completion, Well Intervention, Pressure Pumping, OCTG, Drilling Waster Management, Drilling & Completion Fluids, and Wireline - Global trends & Forecast to 2020
M2 - Wed Sep 16, 4:50AM CDT
Research and Markets (http://www.researchandmarkets.com/research/hp2mvh/oilfield_services) has announced the addition of the "Oilfield Services Market by Type (Coiled Tubing, Well Completion, Well Intervention, Pressure Pumping, OCTG, Drilling Waster Management, Drilling & Completion Fluids, and Wireline ), & by Region - Global trends & Forecast to 2020" report to their offering. The global oil and gas production has increased over the last five years from 81.149 Million barrels per day in 2009 to 88.673 Million barrels per day in 2014. This has led to the supply for oil & gas exceeding its demand which has ultimately caused a decline in the prices of crude oil during the last six months of 2014. Oilfield services are used for varied purposes over the entire well life cycle that includes exploration, drilling, completion, stimulation, production, and intervention among others. The oilfield services which are used for production activities such as well intervention services, wireline services, and coiled tubing services among others, are expected to grow at a higher CAGR when compared to the overall oilfield services market during the forecast period. The market for oilfield services is projected to grow with a CAGR of 5.0% from 2015 to 2020. The crude oil prices are expected to increase progressively in the short term and are estimated to reach USD 80/ barrel by 2018. This rebound in oil price will be spurred by the delay in capacity addition as the oil & gas companies are currently shelving new projects to reduce their capital expenditure. With the increase in the price of crude oil, the investments for E&P activities will also increase which will lead to new projects in regions that are looking to overturn their production decline such as Europe and Asia-Pacific. This will in turn create further demand for the oilfield services in these regions. Growing production activities both on onshore and offshore regions have encouraged the demand for oilfield services for oil & gas wells. Moreover, new discoveries in offshore regions of Africa and South America coupled with the increase in unconventional oil & gas production in North America has further increased the demand for oilfield services. Leading providers of oilfield services are focussing on both developed as well as developing countries due to the critical nature of the oilfield services which allow it to be used over the entire well life cycle. The market has been segmented into On the basis of Service Type - Coiled Tubing Services - Well Completion Equipment & Services - Well Intervention Services - Pressure Pumping Services - Oil Country Tubular Goods (OCTG) - Drilling Waste Management Services - Drilling & Completion Fluids Services - Wireline Services On the basis of Application - Onshore - Offshore Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Oilfield Services Market, By Application 7 Oilfield Services Market, By Service Type 8 Oilfield Services Market, By Region 9 Competitive Landscape 10 Company Profiles - Archer Limited - Baker Hughes Incorporated - Basic Energy Services Inc. - Calfrac Well Services Ltd. - Expro International Group - Halliburton Company - Key Energy Services - Nabors Industries Ltd. - National Oilwell Varco, Inc. - Pioneer Energy Services - Precision Drilling Corporation - Schlumberger Limited - Superior Energy Services Inc. - Trican Well Service Ltd. - Weatherford International Ltd. For more information visit http://www.researchandmarkets.com/research/hp...d_services
NBR: 10.06 (-0.73), PDS: 5.10 (-0.32), PES: 4.39 (-0.32), SLB: 76.66 (-2.93), WFT: 5.91 (-0.38), KEG: 0.23 (-0.04), SPN: 18.55 (-0.89), BHI: 45.22 (-1.95)
Pioneer Energy Services Announces Amended Revolving Credit Facility
PR Newswire - Tue Sep 15, 3:30PM CDT
Pioneer Energy Services (NYSE: PES) today announced that it has amended its existing senior secured revolving credit facility and modified certain covenants to enhance the Company's financial flexibility. The new agreement sets the borrowing capacity of the facility at $300 million, a reduction of $50 million from the previous facility, and provides for more flexible financial covenants. Beginning in the fourth quarter of 2015, the maximum total consolidated leverage ratio will increase to 4.50 to 1.00 and reach a maximum of 5.50 to 1.00 as of the end of the second quarter of 2016 through the first quarter of 2017. The ratio will gradually decrease and return to 4.00 to 1.00 by the end of the first quarter of 2018 and thereafter. The senior consolidated leverage ratio and interest coverage ratio remain unchanged at 2.50 to 1.00.
PES: 4.39 (-0.32)
Pioneer Energy reports 1Q loss
Automated Insights - Fri Apr 29, 5:35AM CDT
SAN ANTONIO (AP) _ Pioneer Energy Services Corp. (PES) on Friday reported a loss of $27.7 million in its first quarter.
PES: 4.39 (-0.32)
Pioneer Energy Services Announces First Quarter 2016 Earnings Release and Conference Call Schedule
PR Newswire - Thu Apr 28, 6:45AM CDT
Pioneer Energy Services (NYSE: PES) today announced that it will release its first quarter 2016 financial results before the market opens on Friday, April 29. 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 participate in the call either by phone or audio webcast.
PES: 4.39 (-0.32)
Pioneer Energy Services Announces Amended Revolving Credit Facility and Sale of Four SCR Drilling Rigs
PR Newswire - Wed Dec 23, 3:15PM CST
Pioneer Energy Services (NYSE: PES) today announced that it has amended its existing senior secured revolving credit facility and modified certain covenants. Under the new agreement:
PES: 4.39 (-0.32)
Perception, Opportunity in Volatility - Featured Research on Corcept Therapeutics, Pioneer Energy Services, Ruby Tuesday, and RealD
ACCESSWIRE - Tue Dec 15, 7:10AM CST
NEW YORK, NY / ACCESSWIRE / December 15, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Corcept Therapeutics Inc. (NASDAQ: CORT), Pioneer Energy Services Corp (NYSE: PES), Ruby Tuesday Inc. (NYSE: RT) and RealD Inc. (NYSE: RLD). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
RT: 3.79 (-0.07), RLD: 11.00 (+0.02), PES: 4.39 (-0.32), CORT: 5.22 (-0.25)
Global Oilfield Services Market Report Worth USD 144.36 Billion by 2020 - Trends, Technologies & Forecast 2015-2020
M2 - Thu Dec 10, 9:04AM CST
Research and Markets (http://www.researchandmarkets.com/research/hv5xqc/oilfield_services) has announced the addition of the "Oilfield Services Market by Type (Coiled Tubing, Well Completion, Well Intervention, Pressure Pumping, OCTG, Drilling Waster Management, Drilling & Completion Fluids, and Wireline ), & by Region - Global trends & Forecast to 2020" report to their offering. The low crude oil prices have created a demand for optimizing production from existing oilfields and to operate at an economical rate. In June 2015, the OPEC member countries decided to leave their collective production targets unchanged at 30 million barrels per day. With continued increase in the oil and gas production in the near future, the market for oilfield services is expected to grow at a CAGR of 5.0% from 2015 to 2020 reaching to $144.36 Billion by 2020. In terms of significance, the market has been segmented on the basis of service type include coiled tubing services, completion equipment & services, well intervention services, pressure pumping services, OCTG, drilling waste management services, drilling & completion fluids services, and wireline services. The market segments by application include onshore and offshore applications. The regional market segmentation includes the market size and share of North America, South America, Asia-Pacific, Europe, Middle East and Africa. The market has been segmented into: On the basis of Service Type - Coiled Tubing Services - Well Completion Equipment & Services - Well Intervention Services - Pressure Pumping Services - Oil Country Tubular Goods (OCTG) - Drilling Waste Management Services - Drilling & Completion Fluids Services - Wireline Services On the basis of Application - Onshore - Offshore On the basis of Region - North America - South America - Asia-Pacific - Middle East - Europe - Africa Companies Mentioned: - Archer Limited - Baker Hughes Incorporated - Basic Energy Services Inc. - Calfrac Well Services Ltd. - Expro International Group - Halliburton Company - Key Energy Services - Nabors Industries Ltd. - National Oilwell Varco, Inc. - Pioneer Energy Services - Precision Drilling Corporation - Schlumberger Limited - Superior Energy Services Inc. - Trican Well Service Ltd. - Weatherford International Ltd. Report Structure: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Oilfield Services Market, By Application 7 Oilfield Services Market, By Service Type 8 Oilfield Services Market, By Region 9 Competitive Landscape 10 Company Profile 11 Appendix For more information visit http://www.researchandmarkets.com/research/hv...d_services
NBR: 10.06 (-0.73), PDS: 5.10 (-0.32), PES: 4.39 (-0.32), SLB: 76.66 (-2.93), WFT: 5.91 (-0.38), KEG: 0.23 (-0.04), SPN: 18.55 (-0.89), BHI: 45.22 (-1.95)
Technical Insight on Equity Market - Research on Datalink, Westport Innovations, Pioneer Energy Services and North Atlantic Drilling
ACCESSWIRE - Wed Dec 02, 7:35AM CST
NEW YORK, NY / ACCESSWIRE / December 02, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Datalink Corp (NASDAQ: DTLK), Westport Innovations Inc (NASDAQ: WPRT), Pioneer Energy Services Corp (NYSE: PES) and North Atlantic Drilling Ltd (NYSE: NADL). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
WPRT: 1.55 (-0.12), DTLK: 7.90 (-0.21), PES: 4.39 (-0.32), NADL: 6.80 (-1.02)
How it All Plays Out- Research on Datalink, Westport Innovations, Pioneer Energy Services and North Atlantic Drilling
ACCESSWIRE - Fri Nov 20, 7:40AM CST
NEW YORK, NY / ACCESSWIRE / November 20, 2015 / Moments ago, Trader's Choice released new research updates concerning several important developing situations including the following equities: Datalink Corp (NASDAQ: DTLK), Westport Innovations Inc (NASDAQ: WPRT), Pioneer Energy Services Corp (NYSE: PES) and North Atlantic Drilling Ltd (NYSE: NADL). Trader's Choice has perfected the profitable art of picking stocks, cutting through the noise to deliver the top trade, every year. The full Research Packages are being made available to the public on a complimentary basis.
WPRT: 1.55 (-0.12), DTLK: 7.90 (-0.21), PES: 4.39 (-0.32), NADL: 6.80 (-1.02)
Pioneer Energy Services to Participate in the Jefferies 2015 Global Energy Conference and Stephens 2015 Fall Investment Conference
PR Newswire - Tue Nov 03, 2:20PM CST
Pioneer Energy Services (NYSE: PES) today announced that the Company's senior management will participate in the Jefferies 2015 Global Energy Conference on Wednesday, November 11 in Houston.
PES: 4.39 (-0.32)
OSP helps Pioneer Energy Services with coiled tubing bacterial issue in the Eagle Ford
CNW Group - Mon Nov 02, 2:21PM CST
OSP worked with Pioneer Energy Services (NYSE
ES) to successfully apply their 2K7(®) biocide to mitigate bacterial growth in coiled tubing fluids in the Eagle Ford formation. PES: 4.39 (-0.32)
Pioneer Energy Services Reports Third Quarter 2015 Results
PR Newswire - Thu Oct 29, 5:00AM CDT
Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the quarter ended September 30, 2015. Notable items for the third quarter and recent developments include:
PES: 4.39 (-0.32)
Patterson-UTI Suffers Y/Y; Q3 Loss Narrower than Expected
Zacks Equity Research - Zacks Investment Research - Fri Oct 23, 12:40PM CDT
Patterson-UTI Energy Inc. (PTEN) reported third-quarter loss per share of 26 cents, narrower than the Zacks Consensus Estimate of a loss of 34 cents.
NBR: 10.06 (-0.73), PES: 4.39 (-0.32), HP: 66.09 (-3.08), PTEN: 20.41 (-1.20)
Pioneer Energy Services Announces Third Quarter 2015 Earnings Release and Conference Call Schedule
PR Newswire - Thu Oct 01, 12:26PM CDT
Pioneer Energy Services (NYSE: PES) today announced that it will release its third quarter 2015 financial results before the market opens on Thursday, October 29. 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 participate in the call either by phone or audio webcast.
PES: 4.39 (-0.32)
Oil and Gas Drilling and Exploration Equities Technical Notes -- Petroleo Brasileiro, SandRidge Energy, Pioneer Energy Services, W&T Offshore, and Unit Corp.
PR Newswire - Mon Sep 28, 7:03AM CDT
Equity Research Institute has initiated coverage on the following equities: Petroleo Brasileiro S.A. (NYSE: PBR), SandRidge Energy Inc. (NYSE: SD), Pioneer Energy Services Corporation (NYSE: PES), W&T Offshore Inc. (NYSE: WTI), and Unit Corporation (NYSE: UNT). Free research report on Petroleo Brasileiro can be accessed at https://www.erionline.net/PBR.pdf On Friday, September 25, 2015, the NASDAQ Composite ended at 4,686.50, down 1.01%, the Dow Jones Industrial Average advanced 0.70%, to finish the day at 16,314.67, and the S&P 500 closed at 1,931.34, down 0.05%. The losses were broad based as six out of nine sectors ended the session in negative. Register for your complimentary reports at the links given below.
SD: 0.15 (-0.02), PBR: 6.74 (-0.47), UNT: 16.66 (-1.15), WTI: 2.21 (-0.09), PES: 4.39 (-0.32)
Pioneer Energy Services to Present at the Johnson Rice & Company 2015 Energy Conference on September 28
PR Newswire - Fri Sep 18, 7:00AM CDT
Pioneer Energy Services (NYSE: PES) today announced that the Company's senior management will participate in the Johnson Rice & Company 2015 Energy Conference on Monday, September 28 in New Orleans.
PES: 4.39 (-0.32)
Pioneer Energy Services amends revolving credit facility to enhance financial flexibility
M2 - Wed Sep 16, 9:12AM CDT
Land drilling company Pioneer Energy Services (NYSE
ES) said on Tuesday that the borrowing capacity of its amended senior secured revolving credit facility is now USD300m, with more flexible financial covenants. PES: 4.39 (-0.32)
Oilfield Services Market: Coiled Tubing, Well Completion, Well Intervention, Pressure Pumping, OCTG, Drilling Waster Management, Drilling & Completion Fluids, and Wireline - Global trends & Forecast to 2020
M2 - Wed Sep 16, 4:50AM CDT
Research and Markets (http://www.researchandmarkets.com/research/hp2mvh/oilfield_services) has announced the addition of the "Oilfield Services Market by Type (Coiled Tubing, Well Completion, Well Intervention, Pressure Pumping, OCTG, Drilling Waster Management, Drilling & Completion Fluids, and Wireline ), & by Region - Global trends & Forecast to 2020" report to their offering. The global oil and gas production has increased over the last five years from 81.149 Million barrels per day in 2009 to 88.673 Million barrels per day in 2014. This has led to the supply for oil & gas exceeding its demand which has ultimately caused a decline in the prices of crude oil during the last six months of 2014. Oilfield services are used for varied purposes over the entire well life cycle that includes exploration, drilling, completion, stimulation, production, and intervention among others. The oilfield services which are used for production activities such as well intervention services, wireline services, and coiled tubing services among others, are expected to grow at a higher CAGR when compared to the overall oilfield services market during the forecast period. The market for oilfield services is projected to grow with a CAGR of 5.0% from 2015 to 2020. The crude oil prices are expected to increase progressively in the short term and are estimated to reach USD 80/ barrel by 2018. This rebound in oil price will be spurred by the delay in capacity addition as the oil & gas companies are currently shelving new projects to reduce their capital expenditure. With the increase in the price of crude oil, the investments for E&P activities will also increase which will lead to new projects in regions that are looking to overturn their production decline such as Europe and Asia-Pacific. This will in turn create further demand for the oilfield services in these regions. Growing production activities both on onshore and offshore regions have encouraged the demand for oilfield services for oil & gas wells. Moreover, new discoveries in offshore regions of Africa and South America coupled with the increase in unconventional oil & gas production in North America has further increased the demand for oilfield services. Leading providers of oilfield services are focussing on both developed as well as developing countries due to the critical nature of the oilfield services which allow it to be used over the entire well life cycle. The market has been segmented into On the basis of Service Type - Coiled Tubing Services - Well Completion Equipment & Services - Well Intervention Services - Pressure Pumping Services - Oil Country Tubular Goods (OCTG) - Drilling Waste Management Services - Drilling & Completion Fluids Services - Wireline Services On the basis of Application - Onshore - Offshore Key Topics Covered: 1 Introduction 2 Research Methodology 3 Executive Summary 4 Premium Insights 5 Market Overview 6 Oilfield Services Market, By Application 7 Oilfield Services Market, By Service Type 8 Oilfield Services Market, By Region 9 Competitive Landscape 10 Company Profiles - Archer Limited - Baker Hughes Incorporated - Basic Energy Services Inc. - Calfrac Well Services Ltd. - Expro International Group - Halliburton Company - Key Energy Services - Nabors Industries Ltd. - National Oilwell Varco, Inc. - Pioneer Energy Services - Precision Drilling Corporation - Schlumberger Limited - Superior Energy Services Inc. - Trican Well Service Ltd. - Weatherford International Ltd. For more information visit http://www.researchandmarkets.com/research/hp...d_services
NBR: 10.06 (-0.73), PDS: 5.10 (-0.32), PES: 4.39 (-0.32), SLB: 76.66 (-2.93), WFT: 5.91 (-0.38), KEG: 0.23 (-0.04), SPN: 18.55 (-0.89), BHI: 45.22 (-1.95)
Pioneer Energy Services Announces Amended Revolving Credit Facility
PR Newswire - Tue Sep 15, 3:30PM CDT
Pioneer Energy Services (NYSE: PES) today announced that it has amended its existing senior secured revolving credit facility and modified certain covenants to enhance the Company's financial flexibility. The new agreement sets the borrowing capacity of the facility at $300 million, a reduction of $50 million from the previous facility, and provides for more flexible financial covenants. Beginning in the fourth quarter of 2015, the maximum total consolidated leverage ratio will increase to 4.50 to 1.00 and reach a maximum of 5.50 to 1.00 as of the end of the second quarter of 2016 through the first quarter of 2017. The ratio will gradually decrease and return to 4.00 to 1.00 by the end of the first quarter of 2018 and thereafter. The senior consolidated leverage ratio and interest coverage ratio remain unchanged at 2.50 to 1.00.
PES: 4.39 (-0.32)
