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Pioneer Drilling Company's CEO Discusses Q1 2011 Results - Earnings Call Transcript

Pioneer Drilling Company ( PDC)

Q1 2011 Earnings Call

May 5, 2011 11:00 AM ET


Ann Pearson – DRG&E Investor Relations

Stacy Locke – President and CEO

Lorne Phillips – EVP and CFO


Judd Bailey – Jefferies & Company

John Daniel – Simmons & Company

Brian Uhlmer – Global Hunter Securities

John Keller – Stephens Inc.

Jim Rollison – Raymond James

Janice Rut – Pritchard Capital

Roger Reed – Morgan Keegan

Mike Kelly – Kennedy Capital

Jeff Kagan [ph] – Milwaukee Private Wealth Management



Good morning ladies and gentlemen, thank you for standing by. Welcome to the Pioneer Drilling Q1 2011 Earnings Conference Call. (Operator Instructions). This conference is being recorded today, Thursday May 5 th, and I would now like to turn the call over to Ann Pearson with DRG&E Investor Relations. Please go ahead, ma’am.

Ann Pearson

Thank you, Jeremy, and good morning everybody. Before I turn the call over to Stacy and Lorne for their formal remarks I have a few of the usual items we need to cover. First of all, a replay of today’s call will be available and is accessible by webcast by going into the Investor Relations section of Pioneer’s website and also by telephone replay. And you can find all of the replay information you need in this morning’s news release.

A reminder: information reported on this call speaks only to today, May 5 th, 2011, so any (interference) and information may no longer be accurate at the time of any replay. Management has no obligation to update any (interference) made today and all assumptions are based on information currently available to us, and while management believes the expectations reflected in these statements are reasonable they can give no assurance they’ll prove to be correct. They are subject to certain risks, uncertainties and assumptions as described in this morning’s release and also in Pioneer’s most recent filings with the SEC. Should one or more of these risks materialize or should (interference) actual results may differ materially.

Also please note that this conference call today contains references to non-GAAP measures and a full reconciliation to the GAAP financial measures is available in this morning’s press release. So now I’d like to turn the call over to Stacy Locke, Pioneer President and CEO. Stacy?

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