SAN ANTONIO, Texas, January 26, 2009 – Pioneer Drilling Company (AMEX: PDC) announced today that it intends to release financial results for the three and twelve months ended December 31, 2008, on Thursday, February 26, 2009 before the market opens. In conjunction with the upcoming release, Pioneer has scheduled a conference call for February 26 at 2:00 p.m. Eastern Time (1:00 p.m. Central Time).

What: Pioneer’s Fourth Quarter 2008 Earnings Conference Call

When: Thursday, February 26, at 2:00 p.m. Eastern Time

How: Live via phone by dialing 303-262-2055 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: www.pioneerdrlg.com

For those who cannot listen to the live call, a replay will be available through Thursday, March 5, 2009 by calling (303) 590-3000 and using the pass code 11125734#. A replay can also be found in the investor relations section of the Company’s web site at www.pioneerdrlg.com. For more information, please contact Donna Washburn at DRG&E at (713) 529-6600 or email dmw@drg-e.com.

About Pioneer Drilling Company

Pioneer Drilling Company provides land contract drilling services to independent and major oil and gas operators in Texas, Louisiana, Oklahoma, Kansas, the Rocky Mountain region and internationally in Colombia through its Pioneer Drilling Services Division. The Company also provides workover rig, wireline and fishing and rental services to producers in the U.S. Gulf Coast, Mid- Continent and Rocky Mountain regions through its Pioneer Production Services Division. Its fleet consists of 70 land drilling rigs that drill at depths of 6,000 and 18,000 feet, 74 workover rigs (sixtynine 550 horsepower rigs, four 600 horsepower rigs and one 400 horsepower rig), 59 wireline units, and fishing and rental tools.