Item 7.01 Regulation FD Disclosure.
As previously reported, on
In connection with the Plan, the Company filed a supplemental disclosure
statement (the "Supplemental Disclosure Statement") with the
Additional information about the Chapter 11 Cases may be obtained by visiting https://dm.epiq11.com/pioneerenergy or by calling 1-866-897-6433 (Toll Free) or 1-646-282-2500 (International).
The information contained in this Item 7.01, including in Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed to be incorporated by reference into any of the Company's filings under the Securities Act or the Exchange Act, whether made before or after the date hereof and regardless of any general incorporation language in such filings, except to the extent expressly set forth by specific reference in such a filing. The filing of this Current Report on Form 8-K (including the exhibit hereto or any information included herein or therein) shall not be deemed an admission as to the materiality of any information herein that is required to be disclosed solely by reason of Regulation FD.
Cautionary Statement Regarding Forward-Looking Statements
Statements contained in this current report that express a belief, expectation
or intention, as well as those that are not historical fact, are forward-looking
statements made in good faith that are subject to risks, uncertainties and
assumptions. These forward-looking statements are based on our current beliefs,
intentions, and expectations and are not guarantees or indicators of future
performance. Any statements that express, or involve discussions as to,
expectations, beliefs, plans, objectives, assumptions, future events or
performance (often, but not always identifiable by the use of the words or
phrases such as "will result," "expects to," "will continue," "anticipates,"
"plans, "intends," "estimated," "projects," and "outlook") are not historical
facts and may be forward-looking and, accordingly, such statements involve
estimates, assumptions and uncertainties which could cause actual results to
differ materially from those expressed in these forward-looking statements. Our
actual results, performance or achievements or industry results could differ
materially from those we express in the foregoing discussion as a result of a
variety of factors, including general economic and business conditions and
industry trends, levels and volatility of oil and gas prices, the continued
demand for drilling services or production services in the geographic areas
where we operate, decisions about exploration and development projects to be
made by oil and gas exploration and production companies, the highly competitive
nature of our business, technological advancements and trends in our industry
and improvements in our competitors' equipment, the loss of one or more of our
major clients or a decrease in their demand for our services, future compliance
with covenants under debt agreements, including our debtor-in-possession
facility, operating hazards inherent in our operations, the supply of marketable
drilling rigs, well servicing rigs, coiled tubing units and wireline units
within the industry, the continued availability of new components for drilling
rigs, well servicing rigs, coiled tubing units and wireline units, the continued
availability of qualified personnel, the success or failure of our acquisition
strategy, the occurrence of cybersecurity incidents, the political, economic,
regulatory and other uncertainties encountered by our operations, and changes
in, or our failure or inability to comply with, governmental regulations,
including those relating to the environment; as well as due to the risks and
uncertainties relating to the bankruptcy filing by the Company, including but
not limited to, (i) the Company's ability to obtain
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to maintain contracts, trade credit and other customer and/or vendor
relationships that are essential to the Company's operations, and (xii) the
Company's ability to retain key executives and employees. We have discussed many
of these factors in more detail in our Annual Report on Form 10-K for the year
ended
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits: 99.1 Supplemental Disclosure Statement. 3
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