Washington,
D.C. 20549
SCHEDULE
13D
Under the
Securities Exchange Act of 1934
(Amendment
No. 1)*
BRONCO
DRILLING COMPANY, INC.
(Name of
Issuer)
Shares
of Common Stock, par value $.01 per share
(Title
of Class of Securities)
112211107
(CUSIP
Number)
Arthur
H. Amron, Esq.
Wexford
Capital LLC
411
West Putnam Avenue
Greenwich,
CT 06830
(203)
862-7012
(Name,
Address and Telephone Number of Person Authorized to
Receive
Notices and Communications)
— with
copies to —
Gregg
Berman, Esq.
Fulbright
& Jaworski L.L.P.
666
Fifth Avenue
New
York, NY 10103
(212)
318-3000
July
28, 2008
(Date of
Event which Requires Filing of this Statement)
If the
filing person has previously filed a statement on Schedule 13G to report the
acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), Rule 13d-1(f) or Rule 13d-1(g), check the
following box.[ ]
Note:
Schedules filed in paper
format shall include a signed original and five copies of the schedule,
including all exhibits. See section 240.13d-7 for other parties to whom copies
are to be sent.
* The
remainder of this cover page shall be filled out for a reporting person’s
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The
information required on the remainder of this cover page shall not be deemed to
be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934
(“Act”) or other subject to the liabilities of that section of Act but shall be
subject to all other provisions of the Act (however, see the
Notes).
This
Amendment No. 1 to Schedule 13D modifies and supplements the Schedule 13D
initially filed on July 25, 2008 (the "Statement"), with respect to the common
stock, $0.01 par value per share (the “Common Stock”), of Bronco Drilling
Company, Inc. (the “Company”). Except to the extent supplemented by
the information contained in this Amendment No. 1, the Statement, as amended as
provided herein, remains in full force and effect. Capitalized terms
used herein without definition have the respective meanings ascribed to them in
the Statement.
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Item
4.
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Purpose
of Transaction.
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The
purpose of the acquisition of the shares of Common Stock is for investment, and
the acquisitions of such Shares were made in the ordinary course of business and
were not made for the purpose of acquiring control of the Issuer. The
Reporting Persons at any time and from time to time may acquire additional
shares of Common Stock or dispose of any or all of such Shares depending upon an
ongoing evaluation of the investment in the Common Stock, prevailing market
conditions, other investment opportunities, other investment considerations
and/or other factors.
The
Reporting Persons have had communications with the Issuer, including with one or
more officers of the Issuer and one or more members of the board of directors of
the Issuer, and may in the future engage in additional communications with
such representatives of the Issuer. In addition, the Reporting
Persons have had communications with other shareholders of the Issuer and with
Institutional Shareholder Services (“ISS”) and may in the future engage in
additional communications with such persons. The foregoing
communications concerned, and such future communications if they occur are
expected to concern, the amended merger agreement (the “Merger Agreement”)
involving the Issuer and Allis-Chalmers Energy Inc., the Special Meeting of
Shareholders regarding the Merger Agreement (the “Special Meeting”), and the
business, operations, policies, management, structure, operations or
capitalization of the Issuer. The Reporting Persons conveyed their
view that the Merger Agreement is not in the best interests of the Issuer or the
Issuer’s shareholders.
On July
29, 2008 the Reporting Persons wrote the members of the Issuer’s board of
directors of the Issuer regarding the Merger Agreement. A copy of
that letter is attached hereto as Exhibit 99.2.
The
Reporting Persons may seek representation on the board of directors of the
Issuer and/or may work with the Issuer’s management and board of directors
regarding potential strategies to increase shareholder value.
Except to
the extent the foregoing may be deemed a plan or proposal, the Reporting Persons
have no plans or proposals which relate to, or could result in, any of the
matters referred to in paragraphs (a) through (j) inclusive, of the instructions
to Item 4 of the Schedule 13D. The Reporting Persons may, at any time
and from time to time, review or reconsider its position and/or change its
purpose and/or formulate plans or proposals with respect thereto.
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Item
7.
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Materials
to be filed as exhibits
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Item 7 of
the Schedule 13D is hereby amended by the addition of the following
:
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Exhibit
99.2
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Letter
from Wexford Capital LLC to the Board of Directors of the Issuer dated
July 29, 2008
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*
* * * *
SIGNATURE
After
reasonable inquiry and to the best of each of the undersigned’s knowledge and
belief, each of the undersigned certifies that the information set forth in this
Amendment No. 1 is true, complete and correct.
Dated:
July 29, 2008
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WEXFORD
ALPHA TRADING LIMITED
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By:
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/s/
Arthur Amron
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Name:
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Arthur
Amron
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Title:
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Vice
President
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WEXFORD
CATALYST INVESTORS LLC
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By:
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/s/
Arthur Amron
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Name:
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Arthur
Amron
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Title:
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Vice
President and Assistant Secretary
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WEXFORD
SPECTRUM TRADING LIMITED
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By:
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/s/
Arthur Amron
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Name:
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Arthur
Amron
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Title:
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Vice
President
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WEXFORD
CAPITAL LLC
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By:
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/s/
Arthur Amron
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Name:
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Arthur
Amron
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Title:
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Partner
and Secretary
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/s/
Charles E. Davidson
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Charles
E. Davidson
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/s/
Joseph M. Jacobs
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Joseph
M. Jacobs
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Exhibit
Index
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Letter
from Wexford Capital LLC to the Board of Directors of the Issuer dated
July 29, 2008
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