Pioneer Energy Services - Ownership and Business Overview

Energy Services And EquipmentCompany

Pioneer Energy Services Ownership

Who owns Pioneer Energy Services?

Pioneer Energy Services is owned by Patterson-UTI Energy. It was acquired on July 6, 2021.

Pioneer Energy Services Business Overview

Where is Pioneer Energy Services headquartered?

Pioneer Energy Services is headquartered in San Antonio, Texas.

What is Pioneer Energy Services’ revenue?

Pioneer Energy Services disclosed revenue of 576M USD for 2019 and 590M USD for 2018.

How many employees does Pioneer Energy Services have?

Pioneer Energy Services has 2,400 employees.

What sector is Pioneer Energy Services in?

Pioneer Energy Services is an energy services and equipment company.

Energy Services And Equipment M&A Summary in 2021

Out of 60 sectors in the Mergr database, energy services and equipment ranked 34 in number of deals in 2021. The largest energy services and equipment acquisition in 2021 was ACS’ Energy Business - which was acquired by Vinci SA for $5.5B.

Join Mergr to view all 94 acquisitions of energy services and equipment companies in 2021, including 19 acquisitions by private equity firms, and 75 by strategics.

Pioneer Energy Services

Pioneer Energy Services Corp.

1250 NE Loop 410 Suite 1000,
San Antonio, Texas 78209
United States,
(210) 828-7689
www.pioneeres.com

Pioneer Energy Services is a provider of well servicing and wireline services to producers primarily in the Texas and Rocky Mountain regions. Pioneer also provides contract land drilling services to oil and gas operators in Texas and Appalachia regions and internationally in Colombia. Pioneer Energy Services is headquartered in San Antonio, Texas.


M&A Summary

Buy vs Sell

Year ≤ '19 '20 '21 '22 '23 '24 T
Buy (0.0/yr) # - - - - - - 0
Sell (0.0/yr) # 1 - - - - - 1
vol $16M $16M
  1

Most Recent M&A

Company Date Value Type
Pioneer Fishing & Rental Services LLC 2014-09-17 16M USD Divestiture
San Antonio, Texas
View All >>

M&A by Sector

Sector Buy # Value Sell # Value
Energy Services and Equipment - - 1 (100%) 16M (100%)
Total - - 1 $16M

By Geo

State/Country Buy Value Sell Value
United States - - 1 16M
  Texas - - 1 16M
Total - - 1 $16M

Deal Values

sell # Total
< $100M 1 $16M
TOTAL $16M
Largest Pioneer Fishing & Rental Services LLC
$16M (2014-09-17)

M&A Connections

Deals
Divested to
Strategic(s)
100%
1 (100%)

Company Summary

SECTOR

Energy Services and Equipment

Revenue

576   3% 2019
590   33% 2018
446   62% 2017
277   49% 2016
541   49% 2015
1,055   10% 2014
960   5% 2013
919   2012
(millions of USD) Show More Show Less

Employees

2,400

Former Name

Pioneer Drilling Co.

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