Pioneer Completes Equipment Acquisition from Allen Drilling

Pioneer Drilling Company has completed the acquisition of five drilling rigs and related equipment from Allen Drilling Company, based in Woodward, Oklahoma. Mr. Dixon Allen, Allen Drilling's President for over 20 years, becomes Pioneer's Oklahoma Division Manager. Through this acquisition, Pioneer has expanded its operations into Oklahoma, where it expects to benefit from Allen Drilling's long standing and excellent reputation operating in the northern Anadarko shelf.

Pioneer Drilling Company provides land contract drilling services to independent and major oil and gas operators drilling wells in north, east and south Texas, Oklahoma and in the Rocky Mountain region. Pioneer's fleet consists of 49 land drilling rigs that drill in depth ranges between 6,000-18,000 feet.