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Pioneer Drilling CEO Discusses Q4 2010 Results - Earnings Call Transcript

Pioneer Drilling Company ( PDC)

Q4 2010 Earnings Call

February 17, 2011 11:00 am ET


Lisa Elliott - Investor Relations, DRG&E

Stacy Locke - President and Chief Executive Officer

Lorne E. Phillips - Executive Vice President and Chief Financial Officer

F.C. Red West - President of Drilling Services

Joe Eustace - President of Production Services


Christopher Butschek – Raymond James

Brian Uhlmer - Global Hunter Securities

John Keller - Stephens Investment Management

John Daniel - Simmons & Company

Judd Bailey - Jefferies & Company



Good day ladies and gentlemen, thank you for standing by. Welcome to the Pioneer Drilling’s Fourth Quarter Earnings Conference Call. During today’s presentation all parties will be in a listen-only mode. Following the presentation the conference will be opened for questions. (Operator Instructions) This conference is being recorded today, Thursday, February 17, 2011.

I’d now like to turn the conference over to Ms. Lisa Elliott with DRG&L, please go ahead ma’am.

Lisa Elliott

Thank you, and good morning, everyone. Before management makes their formal remarks, I do have a few items to cover. First, a replay of today's call will be available and can be accessed by via webcast by going to the Investor Relations section of Pioneer's website and also by telephone replay. You can find all of the replay information in today's news release.

Information on this call speaks only as of today, February 17, 2011, so any time-sensitive information may no longer be accurate as of the time of any replay. And during the call today, management may make forward-looking statements that are based on its beliefs and assumptions and information currently available to them. Although management believes the expectations in these statements are reasonable, they can give no assurance that 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 the 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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