MARCH 5, 2007 – SAN ANTONIO, TEXAS – Pioneer Drilling Company (AMEX: PDC) today announced that William D. Hibbetts, Senior Vice President and Chief Financial Officer, will be participating in the Raymond James 28th Annual Institutional Investors Conference to be held in Florida on March 4-7, 2007.

The Company's presentation at the conference will be webcast live with an accompanying slideshow on Tuesday, March 6 from approximately 3:25 p.m. to 3:55 p.m. Eastern Time. To listen to the live audio webcast and view Pioneer Drilling’s slideshow, visit the Company's website at http://www.pioneerdrlg.com. The presentation will also be available for replay from the Company's website for a period of 30 days.

Pioneer Drilling provides land contract drilling services to independent and major oil and gas operators drilling wells in Texas, Louisiana, Oklahoma, Kansas and in the Rocky Mountain region. Its fleet consists of 64 land drilling rigs that drill in depth ranges between 6,000 and 18,000 feet.