Pioneer Drilling Co

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San Antonio, Texas-based Pioneer Drilling Company is a full service contract driller and provider of staff, equipment and support to the oil and gas exploration and production industry. It owns a fleet of 71 drilling rigs, but does not itself invest in any oil and gas property. Approximately 25 of these rigs were in use in the middle of 2009.

According to an August, 2009 operational update from the company, it had one rig under hire to drill in the Marcellus shale. It was in the process of trucking in a second rig to the prospective area. The report mentioned that it takes about 17 truck loads in total to move one of these rigs from Texas up to Appalachia.

Both of these were 1,000 horsepower-pump rigs with top drives that can easily be moved around a well pad. Pioneer owned a number of electric double rigs that at the time were positioned for Barnett shale drilling. The update stated these could easily be outfitted with top drives and winterized for use in Marcellus drilling. The company plans to move more rigs into the Marcellus as demand picks up. These are the type of rig that can easily be moved around a drill pad and have a small footprint.

• Wm. Stacy Locke is Pioneer Drilling's President and CEO.
• Joe Eustace is the President of Pioneer's Production Services Division.
• Lorne E. Phillips is Executive Vice President and CFO.