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Phoenix Technology Income Fund (formerly Phoenix Technology Services) looks to bring new life, in terms of profits, over and over again. It provides contracting services for oil and gas well drilling, specializing in directional and horizontal drilling. It also provides equipment, supervision, and technology services to oil and gas enterprises worldwide and has drilled more than 6,000 wells. In addition to drilling services, it sells its own drilling guidance systems. The income fund operates in Canada through Phoenix Technology Services and in the US through Nevis Energy Services. Phoenix Technology has operated since 1985 and was reorganized as a trust in 2004.

Pinnacle Gas Resources' mission culminates in the development of US natural gas reserves. The company focuses on acquiring and developing coalbed methane (CBM) properties in the Rocky Mountain region. It owns natural gas and oil leasehold interests in 477,000 gross (332,000 net) acres, primarily in the Powder River Basin and Green River Basin in Wyoming and Montana. Pinnacle Gas Resources owns interests in 663 gross wells on its properties. In 2008 the company had proved reserves of 27.7 billion cu. ft. of natural gas equivalent; that year Pinnacle Gas Resources drilled 117 gross (82 net) wells. A publicly traded corporation headquartered in Sheridan, Wyoming, Pinnacle Gas Resources, Inc. was formed in June of 2003 through a contribution of property by CCBM, Inc., a subsidiary of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO), and Rocky Mountain Gas, Inc., a subsidiary of U.S. Energy, Inc. (NASDAQ:USEG), and a capital contribution by Credit Suisse First Boston.

Pioneer Drilling Company was founded in 1968 and is based in San Antonio, Texas. Pioneer Drilling Company, formerly South Texas Drilling & Exploration, provides contract drilling services to oil and gas companies in Texas, and to a lesser degree in Oklahoma, the Rockies, and Colombia. Pioneer Drilling operates 70 land drilling rigs that can reach depths of 8,000-18,000 feet. In addition, Pioneer Drilling Company Pioneer Production Services Division provides workover rig services, wireline services, and fishing and rental services to US-based oil and gas producers. Pioneer Drilling Company focus is to operate in prolific oil and natural gas production regions in the United States and Latin America, positioning ourselves for maximum return to our shareholders.

Pioneering the squeezing of oil and gas profits from mature properties in the Rockies that other oil companies have sold as marginal producers is the work of Pioneer Oil and Gas. Pioneer Oil and Gas acquires oil and gas properties from oil explorers, sells producing wells, and acquires new oil and gas leases on properties located in Colorado, Nevada, Utah, and Wyoming. Pioneer Oil and Gas has estimated proved reserves of 1 billion cu. ft. of natural gas and about 30,000 barrels of oil. The oil and gas exploration and production independent was established in 1980. Brothers and top executives Gregg and Don Colton control Pioneer Oil and Gas.

Pioneer Southwest Energy Partners L.P. (NYSE: PSE) is a Delaware limited partnership formed by Pioneer Natural Resources Company (NYSE: PXD) to own and acquire oil and gas assets in Pioneer Southwest's area of operations, which consists of onshore Texas and eight counties in the southeast region of New Mexico. Pioneer Southwest's assets currently consist of non-operated working interests in approximately 1,100 identified producing wells in the Spraberry field in the Permian Basin of West Texas, with approximately 23 MMBOE of proved reserves as of December 31, 2008. Pioneer Southwest owns a 78% average working interest in these wells, and Pioneer Natural Resources is the operator. According to the Energy Information Administration, the Spraberry field is the fifth largest oil field in the United States and the only large onshore oil field that is growing. Recently published production information identifies Pioneer Natural Resources as the largest operator in the field, and Pioneer Southwest expects to benefit from that experience and scale of operations.

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