About Pioneer Energy Services
Pioneer Energy Services is a company based in San Antonio (United States) founded in 1968 was acquired by Patterson-UTI Energy in July 2021.. Pioneer Energy Services has completed 1 acquisition, including Wolverine Drilling.
- Headquarter San Antonio, United States
- Stage Public
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Website
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Annual Revenue
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Net Profit
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EBITDA
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Latest Funding Round
$207.9 M (USD), Post-IPO
May 29, 2020
- Investors
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Employee Count
Employee Count
- Investments & Acquisitions
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Acquired by
Patterson-UTI Energy
(Jul 06, 2021)
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Funding Insights of Pioneer Energy Services
- Total Funding Total Funding
- Total Rounds 1
- Last Round Post-IPO — $207.9M
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First Round
First Round
(29 May 2020)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| May, 2020 | Amount | Post-IPO - Pioneer Energy Services | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Pioneer Energy Services
Pioneer Energy Services has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Patterson-UTI Energy. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Manufacturer of polycrystalline diamond compact drill bits
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Venture capital is directed toward companies in multiple sectors.
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Investments & Acquisitions by Pioneer Energy Services
Pioneer Energy Services has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Wolverine Drilling. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Provider of water well drilling services
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2003 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Pioneer Energy Services
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Pioneer Energy Services Comparisons
Competitors of Pioneer Energy Services
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Pioneer Energy Services
When was Pioneer Energy Services founded?
Pioneer Energy Services was founded in 1968 and raised its 1st funding round 52 years after it was founded.
Where is Pioneer Energy Services located?
Pioneer Energy Services is headquartered in San Antonio, United States. It is registered at San Antonio, Texas, United States.
Who is the current CEO of Pioneer Energy Services?
Stacy Locke is the current CEO of Pioneer Energy Services.
What does Pioneer Energy Services do?
Pioneer Energy Services was founded in 1968 and is headquartered in San Antonio, United States. Contract drilling and production services are delivered to the onshore oil and gas exploration and production industry. A fleet of 24 electric rigs, each capable of drilling to 25,000 feet, is maintained, alongside 100 well servicing rigs. Cased-hole, open-hole, and offshore wireline units are also operated to support various well interventions.
How many acquisitions has Pioneer Energy Services made?
Pioneer Energy Services has made 1 acquisition, including Wolverine Drilling.
Who are Pioneer Energy Services's investors?
Pioneer Energy Services has 1 investor. Key investors include Patterson-UTI Energy.