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TheStreet Open House

Pioneer Drilling CEO Discusses Q3 2010 Results – Earnings Call Transcript

Pioneer Drilling Company ( PDC)

Q3 2010 Earnings Conference Call

November 4, 2010 11:00 AM ET

Executives

Anne Pearson – IR, DRG&E

Stacy Locke – President and CEO

Lorne Phillips – EVP, CFO

Joe Eustace – President, Production Services Division

Analysts

John Keller – Stephens

John Daniel – Simmons & Company

Shawn Boyd – Westcliff Capital Management

Presentation

Operator

Good day ladies and gentlemen. Thank you for standing by. Welcome to the Pioneer Drilling third quarter earnings conference call. During today’s presentation all parties will in a listen only mode. Following the presentation, the conference will be opened for questions. (Operator Instructions) This conference is being recorded today, Thursday, November 4, 2010. I would now like to turn the conference over to Miss Anne Pearson, Senior Vice President with DRG&E. Please go ahead ma’am.

Ann e Pea rson

Thank you and good morning everybody. Before management makes their formal remarks, I have a few of the usual items to cover. First, a replay of today’s call will be available and can be accessed by webcast by going to the investor relations section of Pioneer’s website and also by telephone replay, and you can find all of the replay information in today’s news release.

Information on this call speaks only as of today, November 4, 2010, so any time sensitive information may no longer be accurate as of the time of any replay.

Management may make forward-looking statements today that are based on beliefs and assumptions and information currently available to it. Although management believes the expectations in these statements are reasonable, they can give no assurance they will prove to be correct. The statements are subject to certain risks, uncertainties and assumptions that are described in this morning’s release and also in most recent filings with the SEC. Should one or more of these risks materialize, or should underlying assumptions prove to be incorrect, actual results may differ materially.

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