The Company went public on April 20, 1981 and raised a million dollars through the efforts of Covey & Co., Inc. of Salt Lake City, Utah. There are currently 7,540,405 shares of stock outstanding.

The Company has a large oil reource play in the Uinta Basin of Utah that it is currently marketing. Historically Pioneer's main exploration emphasis has been in Utah, Wyoming and Nevada.  The Company has a large acreage position in Central Utah near the Covenant Field operated  by Wolverine Gas & Oil. The Company has aquired over 100,000 net acres in this play. 

Pioneer's production purchases now emphasize royalty properties for which Pioneer has no operational liability. The Company currently has one operated producing well and non-operating interests in over 1200 wells.

Pioneer believes the combination of steady income from purchased properties with the upside of a major discovery from our exploration efforts provide a good mix of risk and security for the shareholders of Pioneer.