Pioneer Energy Services LLC , the successor to Pioneer Energy Services Corp. and a wholly owned subsidiary of Patterson-UTI Energy Inc. , today announced the accelerated mandatory conversion of all outstanding principal amount of its 5.00% Convertible Senior Unsecured PIK Notes Due 2025 . The previously announced consummation of the acquisition by [...]
Pioneer Energy Service Corp. today announced that Wm. Stacy Locke has decided to step down as President, Chief Executive Officer, and as a director of the Company effective July 17, 2020. Mr. Locke has been President and Chief Executive Officer of the Company since December 2003 and has been associated with the Company in various leadership [...]
Pioneer Energy Services Corp. announced today that it has emerged from Chapter 11 bankruptcy protection, successfully completing its debt restructuring process and implementing the Chapter 11 reorganization plan confirmed by the U.S. Bankruptcy Court for the Southern District of Texas on May 11, 2020. In connection with the debt restructuring [...]
