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  September 5, 2001
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Home > Company Index > Energy > Oil & Gas Exploration & Production > South Texas Drilling & Exploration, Inc.

South Texas Drilling & Exploration, Inc.
AMEX: PDC
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 PROFILE
South Texas Drilling & Exploration digs down deep to make money. The company, which operates under the name Pioneer Drilling, provides contract drilling and related services to oil and gas companies in South, Central, and East Texas. The company operates 16 land drilling rigs that can reach depths of 7,000-18,000 feet. South Texas Drilling & Exploration's contract drilling sales are divided between turnkey (77%) and daywork (22%). The company moved into East Texas in 2001 by acquiring privately owned Mustang Drilling. Lebanese investor and politician Issam Fares owns about 38% of the company.

 COMPETITION
Grey Wolf, Inc. (GW)
Helmerich & Payne, Inc. (HP)
Nabors Industries, Inc. (NBR)

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 FINANCIAL OVERVIEW
Fiscal Year-End: March
2001 Sales (mil.): 49.90
1-Yr. Sales Growth: 155.9%
Employees: 370
Revenue per employee: $134,864.86

 KEY PEOPLE
• Michael E. Little
    CEO
• Chris F. Parma
    CFO

 CONTACT INFO
9310 Broadway, Bldg. I
San Antonio, TX 78217
US
Phone: 210-828-7689
Fax: -

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