Pioneer Energy Services (PES) Reports In-Line Q4 EPS
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Pioneer Energy Services Reports Fourth Quarter 2018 Results
February 19, 2019 6:30 AM ESTSAN ANTONIO, Feb. 19, 2019 /PRNewswire/ -- Pioneer Energy Services (NYSE: PES) today reported financial and operating results for the quarter ended December 31, 2018. Fourth quarter and recent notable items include:
Domestic drilling fleet was fully utilized and generated an average margin per day of $10,252. International drilling fleet generated its highest average margin per day since 2014. Also, two drilling rigs that had been idle during the quarter commenced operations in December for two separate clients resulting in seven rigs earning revenue at year-end. Well servicing and coiled tubing both generated sequential... More