6 Mar 2012director interest notice● Neutral
PIONEER ENERGY SERVICES LLC EVP & Pres. Drilling Svs. Div. Franklin C West had 2,116 shares withheld for taxes on vesting stock.
Announcements, explained
Each one in plain English, with the numbers worked through for a shareholder.
6 Mar 2012director interest notice● Neutral
PIONEER ENERGY SERVICES LLC EVP & Pres. Prod. Svs. Div. Joseph Brooks Eustace had 4,165 shares withheld for taxes on vesting stock.
6 Mar 2012director interest notice● Neutral
PIONEER ENERGY SERVICES LLC EVP & CFO Lorne Phillips had 2,948 shares withheld for taxes on vesting stock.
1 Mar 2012director interest notice● Neutral
PIONEER ENERGY SERVICES LLC director C John Thompson sold 5,391 shares.
29 Feb 2012director interest notice● Neutral
PIONEER ENERGY SERVICES LLC President & CEO Stacy Locke exercised stock options for 50,000 shares and disposed of 50,000 shares.
21 Feb 2012quarterly activities report● Neutral
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $203.7 million and net income of $6.8 million for the period ended 2011-12-31.
14 Feb 2012substantial holder notice● Neutral
Artis Capital Management, L.P reported no remaining PIONEER ENERGY SERVICES LLC shareholding in its periodic institutional filing.
9 Feb 2012substantial holder notice● Neutral
THE VANGUARD GROUP, INC. reported a PIONEER ENERGY SERVICES LLC shareholding of 3,265,579 shares (5.29% of votes) in a periodic institutional filing.
2 Feb 2012director interest notice● Neutral
PIONEER ENERGY SERVICES LLC President & CEO Stacy Locke received a stock option grant for 191,697 shares.
2 Feb 2012director interest notice● Neutral
PIONEER ENERGY SERVICES LLC EVP & Pres. Prod. Svs. Div. Joseph Brooks Eustace received a stock option grant for 49,819 shares.
2 Feb 2012director interest notice● Neutral
PIONEER ENERGY SERVICES LLC EVP & CFO Lorne Phillips received a stock option grant for 54,152 shares.
2 Feb 2012director interest notice● Neutral
PIONEER ENERGY SERVICES LLC SVP & General Counsel Carlos R Pena received a stock option grant for 48,736 shares.
10 Jan 2012substantial holder notice● Neutral
BlackRock, Inc reported a PIONEER ENERGY SERVICES LLC shareholding of 8,483,038 shares (13.76% of votes) in a periodic institutional filing.
20 Dec 2011director interest notice● Neutral
PIONEER ENERGY SERVICES LLC EVP & Pres. Drilling Svs. Div. Franklin C West exercised stock options for 155,000 shares and disposed of 187,460 shares.
12 Dec 2011director interest notice● Neutral
PIONEER ENERGY SERVICES LLC EVP & Pres. Drilling Svs. Div. Franklin C West exercised stock options for 25,000 shares and disposed of 26,323 shares.
21 Nov 2011debt financing● NeutralMajor
The $175 million add-on of 9.875% senior unsecured notes due 2018 closed on November 21, 2011, as priced on November 16, at 101% of face value for estimated net proceeds of about $172.6 million. Together with the $250 million issued in March 2010 this makes one series of notes. The company says the money is for part of its new-build rig program and cash for possible acquisitions, with any excess for general corporate purposes. Buyers get a registration rights agreement requiring a registration statement for an exchange offer within 270 days, with additional interest payable if deadlines are missed.
16 Nov 2011debt financing● NeutralMajor
The company priced the add-on notes offering at $175 million, up from the $150 million announced a day earlier, at 101% of face value, for estimated net proceeds of about $172.6 million. These are additional 9.875% senior unsecured notes due 2018, treated as the same series as the $250 million issued in March 2010, guaranteed by domestic subsidiaries, with closing expected November 21, 2011. This takes the notes to $425 million in principal (the sum of the two amounts in the filing) and the buyers get registration rights under a separate agreement.
15 Nov 2011capital raising announcement● NeutralMajor
On November 15, 2011 the company announced plans to offer an additional $150 million of its 9.875% senior notes due 2018, on top of the $250 million issued in March 2010. Proceeds are for the new-build rig program and cash for possible acquisitions. It disclosed non-binding letters of intent to buy two production-services companies for about $155 million in total, with no assurance either will close. It also disclosed term contracts for ten new-build AC rigs (six expected to start in the first half of 2012, four by the end of 2012) and a 2012 capital budget of about $250-$280 million.
3 Nov 2011quarterly activities report● Neutral
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $187.7 million and net income of $6.7 million for the period ended 2011-09-30.
3 Nov 2011quarterly activities report● Neutral
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $187.7 million and net income of $6.7 million for the period ended 2011-09-30.
29 Aug 2011director interest notice● Neutral
PIONEER ENERGY SERVICES LLC director C John Thompson sold 1,000 shares at $12.43.
16 Aug 2011director interest notice● Neutral
PIONEER ENERGY SERVICES LLC director C John Thompson sold 1,000 shares at $13.50.
12 Aug 2011director interest notice● Neutral
PIONEER ENERGY SERVICES LLC director C John Thompson sold 2,000 shares at $12.00.
10 Aug 2011director interest notice● Neutral
PIONEER ENERGY SERVICES LLC director C John Thompson sold 1,000 shares at $12.57.
4 Aug 2011quarterly activities report● Neutral
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $171.3 million and net income of $3.6 million for the period ended 2011-06-30.
4 Aug 2011quarterly activities report● Neutral
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $171.3 million and net income of $3.6 million for the period ended 2011-06-30.
18 July 2011capital raising announcement● Neutral
The underwriters exercised in full their option to buy the extra 900,000 shares from the July 2011 stock offering, so the offering totals 6,900,000 shares at the $14.50 price set on July 14 (the 900,000 figure and full exercise are from the filing; the total is simple addition). The filing also attaches investor slides for a July 18-19 conference, which state five new-build drilling term contracts for delivery in the first and second quarters of 2012 and 37 rigs on term contracts.
15 July 2011material agreement● NeutralMajor
On July 14, 2011 the company priced a public sale of 6,000,000 new shares at $14.50 each (about $87.0 million gross, about $81.9 million net) through Goldman Sachs and Jefferies, with a 30-day option for 900,000 more; closing was expected July 20, 2011. The proceeds are meant to fund part of the purchase price of new-build AC drilling rigs and for general corporate purposes. Existing shareholders are diluted by the new shares, and the company agreed not to sell more stock for 90 days without the underwriters' consent.
15 July 2011securities registration● Neutral
PIONEER ENERGY SERVICES LLC filed a prospectus supplement for an offering off its existing shelf.
12 July 2011quarterly activities report● Neutral
PIONEER ENERGY SERVICES LLC reported quarterly revenue of $171.3 million and net income of $3.6 million for the period ended 2011-06-30.