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Pioneer Drilling's CEO Discusses At Bank Of America Merrill Lynch Global Energy - Conference Call Transcript

Pioneer Drilling Co. (PDC)

Bank of America Merrill Lynch Global Energy Conference Call

November 16, 2011 2:50 PM ET

Executives

Stacy Locke – President and CEO

Lorne Phillips – Chief Financial Officer

Analysts

Presentation

Unidentified Analyst

… CFO, Lorne Phillips.

Stacy Locke

Thank you and good afternoon. Appreciate you all waiting to the last presentation time for today. As Doug said traveling with me is Lorne Phillips, our Chief Financial Officer. I’ll go ahead and move into the presentation and I’ll try to allow some time for some questions.

Turning over to page five here, we are in three core businesses and we operate in two divisions. One is Pioneer Drilling Services division and the other is the Production Services division. In the Pioneer Drilling Services division, we’ve got 64 land rigs, all in the United States in various shale plays around the country and except for eight rigs, which are down in the country of Columbia, South America.

On the Production Services side of the business, we have two primarily core businesses. One is the well services. There we have 86 well service rigs. We still have a couple of more coming in this year. So we’ll end the year at 88. And in the wireline business, we have a 103 presently we’ll have two more coming in -- three more coming in. We’ll end the year at 106 and then I’ll go through what our capital plans are for the upcoming year.

Just a quick snapshot of where we are located across the United States. We pretty much represented in all the shale plays in one form or another. In some cases, we have all three of our primary services like up in the Bakken, we are drilling, wireline, well services, in the Eagle Ford, we have all three services. Certain other markets like the Uinta Basin, we have drilling and wireline but not well services. The Marcellus we primarily have drilling and wireline there. But we’ve got pretty good representation across the U. S. and then the eight drilling rigs down in Columbia.

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