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Pioneer Drilling Company's CEO Discusses Q3 2011 Results - Earnings Call Transcript

Pioneer Drilling Company ( PDC)

Q3 2011 Earnings Call

November 3, 2011 11:00 AM ET


Anne Pearson – IR

Stacy Locke – President and CEO

Lorne Phillips – EVP and CFO


John Daniel – Simmons & Co

Brian Uhlmer – Global Hunter

John Keller – Stephens Inc.

Roger Read – Morgan Keegan

Donald Lacombe – SVP, Marketing

Marshall Adkins – Raymond James



Good morning, ladies and gentlemen, and thank you for standing by. Welcome to the Pioneer Drilling Third Quarter 2011 Earnings Conference Call. During today’s presentation, all parties will be in a listen-only mode. Following the presentation, the conference will be open for questions. (Operator Instructions) This conference is being recorded today, Thursday, November 3, 2011.

I’d now like to turn the conference over to Anne Pearson with DRG&L Investor Relations. Please go ahead ma’am

Anne Pearson

Thank you, Mitch and good morning to everyone. Before I call – I turn the call over to Pioneer CEO, Stacy Locke and to CFO, Lorne Phillips for their formal remarks; I have a few usual items to cover. First of all replay of today’s call will be available and accessible by webcast by going to the Investor Relations’ section of Pioneer’s website and also by telephone replay. You’ll find the details on how to access those replays in this morning’s news release.

Also as a reminder, information reported on this call speaks only as of today, November 3, 2011, so any time sensitive information may no longer be accurate at the time of the replay. Management may make forward-looking statements today that are based on beliefs and assumptions and on information currently available to them. Although they believe the expectations reflected in these statements are reasonable, but there is no assurance that they will prove to be correct. They are subject to certain risks and uncertainties and assumptions that are described in this morning’s release, and also in recent public filings with the SEC.

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