August 26, 2008 – SAN ANTONIO, TEXAS – Pioneer Drilling Company (AMEX: PDC) today announced that the Company will be presenting at the Lehman Brothers CEO Energy/Power Conference to be held at the Sheraton New York Hotel & Towers in New York City, September 2 - 4, 2008.

Wm. Stacy Locke, Chief Executive Officer, is scheduled to present on Thursday, September 4, 2008, at 12:25 p.m. eastern time. The presentation will be broadcast live over the Internet and the webcast link can be accessed live and for replay by visiting the Company’s website at http://www.pioneerdrlg.com.

About Pioneer

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 though it’s 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 69 land drilling rigs that drill at depths of 6,000 and 18,000 feet, 66 workover rigs (61 - 550 horsepower rigs, four 600 horsepower rigs and one 400 horsepower rig), 51 wireline units, and fishing and rental tools.