Pioneer Drilling Co. has changed its name to Pioneer Energy Services Corp. The company’s common stock will continue to trade on the New York Stock Exchange but will trade under the new ticker PES. Pioneer’s website is now www.pioneeres.com. “Over the last five years, we have transformed Pioneer from a pure-play domestic land contract driller to a diversified energy services provider with operations across the United States and in Colombia,” said CEO Wm. Stacy Locke. “Today, approximately 50% of our revenues and operating margin are derived from our production services segment. We operate 102 well servicing rigs, 117 wireline units, 11 coiled tubing units and an array of fishing and rental tools in addition to our 66 drilling rigs. Our core services are heavily concentrated in the Bakken, Eagle Ford, Permian and along the Gulf Coast, both onshore and offshore. This new name reflects who Pioneer is today.”
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Chesapeake Midstream Partners LP has become Access Midstream Partners LP and is trading under the ticker ACMP on the New York Stock Exchange. A new website, www.accessmidstream.com, also was launched. In June Global Infrastructure Partners acquired the midstream partnership from Chesapeake Energy Corp. (see Daily GPI, July 3). New board members CEO J. Mike Stice, COO Robert S. Purgason and GIP principal William J. Brilliant join David A. Daberko, Domenic J. Dell’Osso Jr., Philip L. Frederickson, Matthew C. Harris, Suedeen G. Kelly and William A. Woodburn.
Tillerson: At $2.50, The Price is Wrong
ExxonMobil Corp. CEO Rex Tillerson gave a New York City audience a glimpse of natural gas producers’ empty pockets during an exchange about gas prices following a speech he gave to the Council on Foreign Relations last Wednesday.
Arkansas Tax Hike Backer Appeals to SEC
The backer of an initiative to raise the severance tax Arkansas charges natural gas producers has appealed to the U.S. Securities and Exchange Commission (SEC) to scrutinize two energy producers for their indirect funding of anti-tax hike groups and what those groups are telling voters.
Arkansas Tax Hike Backer Appeals to SEC
The backer of an initiative to raise the severance tax Arkansas charges natural gas producers has appealed to the U.S. Securities and Exchange Commission (SEC) to scrutinize two energy producers for their indirect funding of anti-tax hike groups and what those groups are telling voters.
Tillerson: The Price Is Wrong; It’s Not $2.50
ExxonMobil Corp. CEO Rex Tillerson gave a New York City audience a glimpse of natural gas producers’ empty pockets during an exchange about gas prices following a speech he gave to the Council on Foreign Relations Wednesday.
Bidding War Seen for Eagle Ford Player Eureka Energy
With the clock running out on an A45 cents/share takeover offer from Aurora Oil & Gas Ltd., directors of Eureka Energy, are being coy, advising investors to sit tight until its June 15 expiration “as there is the potential for important developments.” Indeed, it was reported that privately held Lonestar Resources Inc. had made a competing offer that would be considered over the weekend.
Gensler: CFTC, SEC Close to Completing Swap Rule
The Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) are close to issuing a final rule further defining the terms “swap” and “securities-based swap,” which would trigger a rule establishing limits on speculative positions in the futures and swaps markets, the CFTC chief told Senate members last week.
Gensler: CFTC to Complete ‘Swap’ Rule in Near-Term
The head of the Commodity Futures Trading Commission (CFTC) told Congress Tuesday that it and the Securities and Exchange Commission (SEC) are close to issuing a final rule further defining the terms “swap” and “securities-based swap,” which would trigger a rule establishing limits on speculative positions in the futures and swaps markets.
Senators to CFTC, SEC: Define ‘Swap,’ Put Regs In Effect
A group of five senators last Tuesday called on the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) to define swaps, security-based swaps and other key terms so that limits on market speculation can be put into effect.
