Is Pioneer Energy Services still in business?

Is Pioneer Energy Services still in business?

Its years of struggle forced Pioneer into bankruptcy in early March 2020 — before the onset of the pandemic and the collapse of the oil and natural gas industry. It also services oil wells, mostly in Texas. At its peak in 2014, the company operated more than 60 drilling rigs and employed well over 3,000 workers.

Where is Pioneer Natural Resources located?

Irving, TX
Where is Pioneer Natural Resources (“Pioneer”) located? Our corporate headquarters is located at 777 Hidden Ridge, Irving, TX 75038. We have offices and operations in Texas, including our corporate headquarters in Irving and our field offices in the Permian Basin in the Midland/Odessa area.

How many employees does Pioneer Energy Services have?

1,800 employees
Based in San Antonio, TX, Pioneer Energy Services is a key player in the technology industry with 1,800 employees and an annual revenue of $342.7M.

Does Esso own pioneer?

In 2013, Pioneer Fuels was established as an Esso branded commercial and home heating reseller in Nova Scotia and New Brunswick. In 2014 Parkland Fuel Corp, agreed to buy Pioneer Energy (part-owned by Suncor Energy) for $378 million.

What is a super spec rig?

The current and informal industry definition for super-spec capability refers to rigs with at least the following attributes: AC drive technology; 1,500-horsepower drawworks capacity; 750,000-pound hook load rating; 7,500 PSI mud systems; and multiple well pad drilling capability.

Who owns Pioneer oil and Gas?

It operates in the Cline Shale, which is part of the Spraberry Trend of the Permian Basin, where the company is the largest acreage holder. The company is ranked 341st on the Fortune 500….Pioneer Natural Resources.

Type Public company
Founded 1997
Headquarters Irving, Texas
Key people Scott D. Sheffield, President & CEO Richard P. Dealy, CFO

Is Pioneer Natural Resources an upstream?

Pioneer Natural Resources is an upstream energy company that operates by exploring and producing oil, natural gas liquids (NGLs), and other gases.

Does Shell own pioneer?

It is a subsidiary of Parkland Fuel Corporation….Pioneer Energy.

Formerly Pioneer Petroleums (1956–2011)
Headquarters Burlington, Ontario, Canada
Key people Tim Hogarth (President & CEO)
Products Fuels, Lubricants, Petrochemicals
Parent Parkland Fuel (2016–present)

Who owns Parkland Fuel?

Jack Donald
In 1975, it was acquired by Jack Donald, and renamed Parkland Industries. Donald had previously founded and sold a chain of retail gas stations called Parkland Oil Products Ltd.

What kind of services does Pioneer Energy provide?

Pioneer Energy Services. Pioneer Energy Services provides land contract drilling services and production services to independent and major oil and gas exploration and production companies. Production services include well servicing, wireline, and coiled tubing services.

Where are Pioneer Oil and gas rigs located?

Founded in 1968, Pioneer operates a modern fleet of top performing drilling rigs throughout onshore oil and gas producing regions of the United States and Colombia. Pioneer production services are supported by 100 well-servicing rigs and more than 90 cased-hole and open-hole wireline units.

What makes Pioneer Natural Resources a good company?

We put the highest premium on stewardship of our land and natural resources. Our employees operate on the cutting edge of technology and innovation. We offer one of the most competitive pay and benefits packages in the oil and gas industry, or any industry.

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