Replies to post #2 on Pioneer Drilling Company (PDC)

[CheezyTang]

Serf...here is a Business summary from Yahoo.

PDC.

Pioneer Drilling Company provides contract land drilling services to oil and gas exploration and production companies. In addition to its drilling rigs, the company offers the drilling crews and the ancillary equipment needed to operate its drilling rigs. A land drilling rig consists of engines, a hoisting system, a rotating system, pumps, and related equipment to circulate drilling fluid, blowout preventers, and related equipment. It provides a drilling rig with required personnel to its customer, who supervises the drilling of the well in a daywork drilling contract. The company drills a well for its customer to a specified depth and under specified conditions in a turnkey contract. It has operations in the natural gas production regions of south Texas, east Texas, and north Texas. Pioneer Drilling conducts operations through its principal subsidiary, Pioneer Drilling Services, Ltd. As of June 28, 2004, its rig fleet consisted of 36 land drilling rigs. The company was incorporated in 1979 and is headquartered in San Antonio, Texas.