JUNE 3, 2002 – SAN ANTONIO, TEXAS – Pioneer Drilling Company (AMEX: PDC) will release fiscal fourth quarter and year end 2002 results on Tuesday, June 11, 2002 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 Tuesday, June 11, 2002 at 11:00 a.m. eastern time.

What: Pioneer Drilling Fiscal Fourth Quarter and Year End Conference Call
When: Tuesday, June 11, 2002 - 11:00 a.m. eastern time
How: Live via phone - By dialing (303) 303-262-2171 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 at one of the addresses below.
Where: http://www.easterlyir.com or http://www.videonewswire.com/event.asp?id=5570

For those who cannot listen to the live call, a replay will be available through June 18, 2002, and may be accessed by calling (303) 590-3000 using pass code 475750. Also, an archive of the webcast will be available shortly after the call on www.easterlyir.com. For more information, please contact Karen Roan at Easterly Investor Relations at 713-529-6600 or email karen@easterly.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 22 land drilling rigs that drill in depth ranges between 10,000-18,000 feet, with two additional 1500-hp land rigs to be added by January 2003.

(Minimum requirements to listen to broadcast: The Windows Media Player software, downloadable free from http://www.microsoft.com/windows/windowsmedia/EN/default.asp, and at least a 28.8Kbps connection to the Internet. If you experience problems listening to the broadcast, send an email to isproducers@prnewswire.com.)