October 6, 2006 – SAN ANTONIO, TEXAS – Pioneer Drilling Company (AMEX: PDC) announced today that it intends to release the financial results for its fiscal second quarter of 2007 on Thursday, November 2, 2006 at 6:00 a.m. eastern time. In conjunction with the upcoming release, Pioneer Drilling has scheduled a conference call, which will be broadcast live over the Internet, on Thursday, November 2, 2006 at 11:00 a.m. eastern time (10:00 a.m. central).

What: Pioneer Drilling’s Fiscal Second Quarter Conference Call

When: Thursday, November 2, 2006 – 11:00 a.m. eastern time

How: Live via phone - By dialing (303) 262-2137 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 October 9, 2006, and may be accessed by calling (303) 590-3000 using pass code 11073279#. Also, an archive of the webcast will be available shortly after the call on more information, please contact Donna Washburn at DRG www.pioneerdrlg.com. For&E at 713-529-6600 or email dmw@drg-e.com.

Pioneer Drilling provides land contract drilling services to independent and major oil and gas operators drilling wells in Texas, Louisiana, Oklahoma and in the Rocky Mountain region. Its fleet consists of 60 land drilling rigs that drill in depth ranges between 6,000 and 18,000 feet.