Pioneer Energy Services Corp.: Update to credit analysis following upgrade to Caa2
CORPORATES CREDIT OPINION 29 November 2017 Update RATINGS Pioneer Energy Services Corp. Domicile San Antonio, Texas, United States Long Term Rating Caa2 Type LT Corporate Family Ratings - Dom Curr Outlook Stable Please see the ratings section  at the end of this report for more information. The ratings and outlook shown reflect information as of the publication date. Contacts Amol JoshiPioneer Energy Services provides land-based drilling services and production services. The company's business is comprised of two business lines: Drilling Services, which provides contract land drilling services through three domestic divisions which are located in the Marcellus/Utica, Permian Basin and Eagle Ford, and Bakken regions, and internationally in Colombia; and Production Services, which provides a range of well, wireline and coiled tubing services to a group of exploration and production companies, with its operations concentrated in the main domestic onshore oil and gas producing regions in the Gulf Coast, Mid-Continent and Rocky Mountain states.
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