Pioneer Drilling Announces Fiscal Third Quarter 2003 Earnings Release And Conference Call Schedule.

Pioneer Drilling Company will release fiscal third quarter 2003 results on Thursday, February 6, 2003 at 6:00 a.m. eastern time. In conjunction with the release, Pioneer Drilling has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, February 6, 2003 at 11:00 a.m. eastern time (10:00 a.m. central).

    What:   Pioneer Drilling Fiscal Third Quarter 2003 Conference Call     When:   Thursday, February 6, 2003 -- 11:00 a.m. eastern time     How:    Live via phone -- By dialing (303) 262-2075 and asking            for the Pioneer Drilling call 10 minutes prior to the start time.            Or live over the Internet by logging on to the web address below.     Where:  http://www.pioneerdrlg.com   

For those who cannot listen to the live call, a replay will be available through February 13, 2003, and may be accessed by calling (303) 590-3000 using pass code 523327. Also, an archive of the webcast will be available shortly after the call on www.pioneerdrlg.com . For more information, please contact Karen Roan at DRG&E at 713-529-6600 or email kroan@drg-e.com .

Pioneer Drilling Company provides contract land drilling services to independent and major oil and gas operators drilling wells in central, south and east Texas. The Company's fleet consists of 24 land drilling rigs that drill in depth ranges between 10,000-18,000 feet, with an additional 1500 HP SCR land rig and a Cabot 1200 scheduled to be added in late Spring 2003.

    CONTACT:    Wm. Stacy Locke, President & CFO    Pioneer Drilling Company    210-828-7689     Ken Dennard / kdennard@drg-e.com    Lisa Elliott / lelliott@drg-e.com    DRG&E    (713) 529-6600  

CONTACT: Wm. Stacy Locke, President & CFO of Pioneer Drilling Company, +1-210-828-7689; or Ken Dennard, kdennard@drg-e.com , or Lisa Elliott, lelliott@drg-e.com , both of DRG&E, +1-713-529-6600, for Pioneer Drilling Company

Web site: http://www.pioneerdrlg.com/