Pioneer Energy Services' CEO Discusses Q2 2012 Results - Earnings Call Transcript

Start Time: 11:00

End Time: 11:51

Pioneer Energy Services (PES)

Q2 2012 Earnings Call

August 7, 2012 11:00 a.m. ET

Executives

Anne Pearson – SVP & IR Counsel

Stacy Locke – President & CEO

Lorne Phillips – CFO

Analysts

Brian Uhlmer – Global Hunter Securities

James Rollyson – Raymond James

Michael Cerasoli – Goldman Sachs

Josh Lingsch – Simmons & Company

John Keller – Stephens

Mike Urban – Deutsche Bank

Daniel Burke – Johnson Rice

Jeff Geygan – Milwaukee Wealth Management

Presentation

Operator

Good day, ladies and gentlemen. Thank you for standing by. Welcome to the Pioneer Energy Services Second Quarter 2012 Earnings Conference Call. (Operator Instructions ). Following the presentation, the conference will be open for questions. (Operator Instructions ) This conference is being recorded today, August 7, 2012.

I would now like to turn the conference over to Anne Pearson of BRG&L. Please go ahead.

Anne Pearson

Thank you, Erin, and good morning, everyone. Before I turn the call over to CEO, Stacy Locke, and CFO, Lorne Phillips, for their formal remarks, I have a few of the usual items to cover.

First of all, a replay of today’s call will be available and will be accessible by webcast by going to the IR section of Pioneer’s website and also by telephone replay. And you can find the replay information for both in this morning’s news release.

Just as a reminder, information reported on this call speaks only as of today, August 7, 2012, so any time sensitive information may no longer be accurate at the time of a replay. Management may make forward-looking statements today that are based on beliefs and assumptions and information currently available to them. While they believe the expectations reflecting in these statements are reasonable, they have no assurance that they will prove to be correct. They are subject to certain risks and uncertainties and assumptions described in this morning’s new release and also in recent public filings with the SEC. If one or more of these risk materializes or should underlying assumptions prove to be incorrect actual results may vary materially.

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