11 June 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC director C John Thompson sold 2,927 shares at $6.20.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
4 June 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC director C John Thompson sold 1,000 shares at $5.94.
28 May 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC director C John Thompson sold 4,000 shares at $6.00.
18 May 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC director C John Thompson received 16,556 shares as part of the equity award.
18 May 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC director Scott D Urban received 16,556 shares as part of the equity award.
18 May 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC director John M Rauh received 16,556 shares as part of the equity award.
12 May 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC EVP & Pres. Prod. Svs. Div. Joseph Brooks Eustace bought 1,850 shares on the open market at $5.45.
11 May 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC President & CEO Stacy Locke bought 25,000 shares on the open market at $5.44.
11 May 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC EVP & CFO Lorne Phillips bought 12,000 shares on the open market at $5.49.
6 May 2010quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $86.0 million and a net loss of $14.5 million for the period ended 2010-03-31.
6 May 2010quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $86.0 million and a net loss of $14.5 million for the period ended 2010-03-31.
15 Mar 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC EVP & Pres. Prod. Svs. Div. Joseph Brooks Eustace received a stock option grant for 53,600 shares.
15 Mar 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC SVP William D Hibbetts received a stock option grant for 21,000 shares.
15 Mar 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC EVP & Pres. Drilling Svs. Div. Franklin C West received a stock option grant for 93,100 shares.
15 Mar 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC SVP & General Counsel Carlos R Pena received a stock option grant for 53,000 shares.
12 Mar 2010debt financing● NeutralMajor
Pioneer closed the $250 million 9.875% senior notes offering on March 11, 2010. The notes mature March 15, 2018, are guaranteed by certain domestic subsidiaries, and rank behind secured debt such as the revolver. Net proceeds of about $234.8 million are intended to repay part of the revolver. The company agreed to register an exchange of the notes for registered ones within 390 days, and the indenture limits dividends, new debt and liens.
5 Mar 2010material agreement● NeutralMajor
Pioneer priced $250 million of 9.875% senior unsecured notes due 2018, guaranteed by certain domestic subsidiaries, with estimated net proceeds of $234.8 million after discount, fees and expenses. The money is intended to repay part of the revolver, and affiliates of some of the initial purchasers are revolver lenders who will be repaid. This is the notes offering announced on February 23, 2010, which triggers the credit agreement changes described then.
23 Feb 2010material agreement● NeutralMajor
Pioneer signed a Second Amendment to its Wells Fargo credit agreement, cutting the maximum revolver borrowing from $325 million to $225 million, ending the 50% excess-cash-flow mandatory prepayment, and allowing up to $250 million of additional unsecured or subordinated secured debt. It takes effect when a planned offering of up to $250 million of senior unsecured notes due 2018 closes, with proceeds meant to repay part of the revolver. An attached excerpt shows $258.1 million of long-term debt (plus $4.0 million current) and $40.4 million of cash at December 31, 2009.
12 Feb 2010substantial holder notice● Neutral
Keeley Asset Management Corp, Keeley Small Cap Value Fund, John L. Keeley, Jr reported no remaining PIONEER ENERGY SERVICES LLC shareholding in its periodic institutional filing.
28 Jan 2010substantial holder notice● Neutral
Royce & Associates, LLC reported a PIONEER ENERGY SERVICES LLC shareholding of 1,901,539 shares (3.78% of votes) in a periodic institutional filing.
19 Jan 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC 10%+ owner Issam M Fares sold 400,000 shares.
13 Jan 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC 10%+ owner Issam M Fares sold 198,500 shares.
8 Jan 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC 10%+ owner Issam M Fares sold 550,000 shares.
5 Jan 2010director interest notice● Neutral
PIONEER ENERGY SERVICES LLC 10%+ owner Issam M Fares sold 283,600 shares.
31 Dec 2009director interest notice● Neutral
PIONEER ENERGY SERVICES LLC 10%+ owner Issam M Fares sold 99,400 shares.
28 Dec 2009director interest notice● Neutral
PIONEER ENERGY SERVICES LLC 10%+ owner Issam M Fares sold 167,000 shares.
12 Nov 2009material agreement● NeutralMajor
Pioneer priced a public sale of 3,820,000 new shares at $6.75 each through underwriter Jefferies & Company, with an option for 573,000 more shares; closing was expected November 17, 2009. This is the offering whose prospectus filings appeared earlier the same day, and it adds new shares to the share count. The proceeds are for general corporate purposes, which the filing says may include capital expenditures, working capital, acquisitions or repaying or refinancing debt.
12 Nov 2009securities registration● Neutral
PIONEER ENERGY SERVICES LLC filed a prospectus supplement for an offering off its existing shelf.
12 Nov 2009securities registration● Neutral
PIONEER ENERGY SERVICES LLC filed the final prospectus for a registered offering.
22 Oct 2009director interest notice● Neutral
PIONEER ENERGY SERVICES LLC 10%+ owner Issam M Fares sold 119,900 shares.