Pioneer Energy Services’ CEO Says Rig Demand Firm In Colombia

(Energy Analytics Institute, Piero Stewart, 19.Feb.2019) — Pioneer Energy Services’ President and Chief Executive Officer Wm. Stacy Locke commented on the company’s operations in Colombia.

In Colombia, Pioneer diversified its client base and finished 2018 with seven rigs earning revenue for five customers, the executive said in an official company statement.

“Demand has been firm in Colombia with seven rigs currently contracted, although one of the seven will not be earning revenue for part of the first quarter due to a required mast repair, but is expected to return to work in the second quarter.”

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