Overview
Pioneer
Pioneer Energy Services Corp. provides land-based drilling services and production services to a diverse group of oil and gas exploration and production companies in the US and internationally in Colombia. In 2020, the company emerged from Chapter 11 bankruptcy and was acquired by Patterson-UTI in mid-2021 for about $278 million. The company was incorporated under the laws of the State of Texas in 1979 as the successor to a business that had been
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Read More operating since 1968.
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Matt Porte
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Support Activities for Mining
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Commercial and Industrial Machinery and Equipment Rental and Leasing
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Mining, Quarrying, and Oil and Gas Extraction
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Oil and gas exploration services
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Oil well drilling equipment, rental or leasing
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Contacts
Get in Touch with 6 Principals* and 74 Contacts
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Matt PortePresident and Chief Executive Officer
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Contact 3?
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Financial Data
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Financial data as of ? (12 month period) in USD
Annual Revenue
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All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Net Operating Cash | $12 | $40 | -$6 |
| Net Investing Cash | -$41 | -$60 | -$47 |
| Net Financing Cash | -$0 | -$1 | $119 |
| Net Change in Cash | -$29 | -$21 | $65 |
| Cash at Beginning of Period | $55 | $76 | $10 |
| Cash at End of Period | $26 | $55 | $76 |
| Capital Expenditure | -$50 | -$67 | -$63 |
| Assets (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $25 | $54 | $74 |
| Accounts Receivable | $79 | $77 | $80 |
| Inventories | $22 | $19 | $14 |
| Other Current Assets | $57 | $66 | $48 |
| Asset Summary | |||
| Total Current Assets | $183 | $215 | $216 |
| Tangible Fixed Assets | $478 | $525 | $550 |
| Intangible Assets | $ | $ | $ |
| Total Assets | $674 | $742 | $767 |
| Liabilities (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $33 | $37 | $30 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $59 | $68 | $55 |
| Liability Summary | |||
| Total Current Liabilities | $92 | $105 | $85 |
| Long-Term Debt | $468 | $465 | $462 |
| Other Long-Term Liabilities | $0 | $3 | $7 |
| Total Liabilities | $570 | $576 | $557 |
| Stakeholder's Equity (mil) | 2019 | 2018 | 2017 |
|---|---|---|---|
| Equity | |||
| Common Stock | $8 | $8 | $8 |
| Retained Earnings | -$452 | -$388 | -$339 |
| Equity Summary | |||
| Total Equity | $104 | $165 | $210 |
| Shares Outstanding | 79,202,216 | 78,214,550 | 77,719,021 |