30 Apr 2015quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $193.8 million and a net loss of $12.0 million for the period ended 2015-03-31.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
30 Apr 2015quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $193.8 million and a net loss of $12.0 million for the period ended 2015-03-31.
17 Feb 2015quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $283.1 million and a net loss of $47.6 million for the period ended 2014-12-31.
11 Feb 2015substantial holder notice● Neutral
The Vanguard Group reported a PIONEER ENERGY SERVICES LLC shareholding of 6,100,952 shares (9.56% of votes) in a periodic institutional filing.
5 Feb 2015substantial holder notice● Neutral
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr reported a PIONEER ENERGY SERVICES LLC shareholding of 3,103,530 shares (4.90% of votes) in a periodic institutional filing.
15 Jan 2015substantial holder notice● Neutral
BlackRock, Inc reported a PIONEER ENERGY SERVICES LLC shareholding of 6,155,436 shares (9.60% of votes) in a periodic institutional filing.
28 Oct 2014quarterly activities report● Neutral
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $273.3 million and net income of $12.5 million for the period ended 2014-09-30.
28 Oct 2014quarterly activities report● Neutral
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $273.3 million and net income of $12.5 million for the period ended 2014-09-30.
2 Oct 2014securities registration● Neutral
PIONEER ENERGY SERVICES LLC filed the final prospectus for a registered offering.
26 Sept 2014business combination● Neutral
Pioneer filed Amendment No. 1 to its August 2014 Form S-4, continuing the plan to let holders swap the privately placed $300 million 6.125% Senior Notes due 2022 for identical registered notes. The terms are the same and no new money is raised; the expiry date is still blank, so the exchange offer is not yet open. The filing lists Pioneer Coiled Tubing Services, LLC among the subsidiary guarantors.
23 Sept 2014material agreement▲ GoodMajor
On September 22, 2014 Pioneer amended its revolving credit facility again: commitments rise from $250 million to $350 million, maturity moves from June 30, 2016 to September 22, 2019, and interest margins and commitment fee are lowered. Pioneer says it intends to use borrowings to redeem all its remaining 9.875% Senior Notes (the press release puts these at $125 million) and estimates annual interest savings of over $9 million. The press release also mentions $40 million currently drawn, including a paydown from the recent sale of its fishing and rental assets, which is a new disclosure.
28 Aug 2014business combination● Neutral
Pioneer filed a registration statement on Form S-4 to let holders swap the privately placed $300 million 6.125% Senior Notes due 2022 for identical registered, freely tradable notes. This fulfils the registration rights from the March 2014 notes sale; it raises no new money and the terms are the same. The filing adds Pioneer Coiled Tubing Services, LLC as a subsidiary guarantor.
31 July 2014quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $259.8 million and a net loss of $319 thousand for the period ended 2014-06-30.
31 July 2014quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $259.8 million and a net loss of $319 thousand for the period ended 2014-06-30.
29 Apr 2014quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $239.0 million and a net loss of $2.6 million for the period ended 2014-03-31.
29 Apr 2014quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $239.0 million and a net loss of $2.6 million for the period ended 2014-03-31.
18 Mar 2014debt financing▲ GoodMajor
Pioneer closed the new notes offering on March 18, 2014, issuing $300 million of 6.125% Senior Notes due March 2022 (larger than the up-to-$250 million first announced), guaranteed by domestic subsidiaries, with interest from September 15, 2014. About $99.5 million of the 9 7/8% 2018 notes were tendered by the early deadline and paid for at $1,055.08 per $1,000; the tender remained open to March 31 and the filing now refers to up to $300 million. A registration rights agreement requires an exchange offer to be completed by April 12, 2015.
4 Mar 2014material agreement▲ GoodMajor
Pioneer amended its Wells Fargo credit agreement on March 3, 2014 to raise the unsecured debt it may incur from $500 million to $675 million. It also announced a proposed offering of up to $250 million of new Senior Notes due 2022 and a cash tender offer for up to $250 million of its 9 7/8% Senior Notes due 2018 (of $425 million outstanding), stating the aim is to cut interest expense and lengthen debt maturities. The tender is conditional on the new notes financing being completed.
13 Feb 2014substantial holder notice● Neutral
Franklin Resources, Inc, Charles B. Johnson, Rupert H. Johnson, Jr, Franklin Advisers, Inc disclosed a new substantial PIONEER ENERGY SERVICES LLC shareholding (6.00% of votes).
13 Feb 2014quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $238.2 million and a net loss of $2.5 million for the period ended 2013-12-31.
11 Feb 2014substantial holder notice● Neutral
The Vanguard Group reported a PIONEER ENERGY SERVICES LLC shareholding of 3,814,145 shares (6.10% of votes) in a periodic institutional filing.
10 Jan 2014substantial holder notice● Neutral
BlackRock, Inc reported a PIONEER ENERGY SERVICES LLC shareholding of 7,086,772 shares (11.30% of votes) in a periodic institutional filing.
30 Oct 2013quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $244.0 million and a net loss of $6.2 million for the period ended 2013-09-30.
30 Oct 2013quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $244.0 million and a net loss of $6.2 million for the period ended 2013-09-30.
19 Aug 2013substantial holder notice● Neutral
Indian Creek Investors LP, Indian Creek Asset Management LLC, Indian Creek Capital Management LLC, Gary Siegler disclosed a new substantial PIONEER ENERGY SERVICES LLC shareholding (5.40% of votes).
30 July 2013quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $248.4 million and a net loss of $25.9 million for the period ended 2013-06-30.
30 July 2013quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $248.4 million and a net loss of $25.9 million for the period ended 2013-06-30.
30 Apr 2013quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $229.7 million and a net loss of $1.3 million for the period ended 2013-03-31.
30 Apr 2013quarterly activities report▼ Bad
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $229.7 million and a net loss of $1.3 million for the period ended 2013-03-31.
12 Apr 2013agm notice● Neutral
PIONEER ENERGY SERVICES LLC shareholders approved the routine matters put to a vote at the company's annual meeting (director elections, auditor ratification, and the executive-pay advisory vote).