Pioneer Drilling (PDC) warns that soft demand and low oil and natural gas liquid prices will...

|About: Pioneer Energy Services (PES)|By:, SA News Editor

Pioneer Drilling (PDC) warns that soft demand and low oil and natural gas liquid prices will hurt Q2 results. PDC now sees drilling rig utilization at the low end of previous guidance of 89%-91%, and sees revenue growth at its production services division at the low end of its earlier estimate of 5%-10%.