Bronco Drilling Company, Inc. Announces Monthly Operating Results
11 5월 2011 - 5:30AM
Business Wire
Bronco Drilling Company, Inc. (Nasdaq/GS:BRNC) announced today
operational results for the month ended and as of April 30,
2011.
Utilization for the Company’s drilling fleet was 98% for the
month of April compared to 97% for the month of March and 96% for
the first quarter of 2011. The Company had an average of 22
marketed drilling rigs in April compared to 24 in March and 24 for
the first quarter of 2011. The average dayrate on operating
drilling rigs as of April 30, 2011 was $19,136 compared to $18,906
as of March 31, 2011 and $18,389 for the first quarter of 2011.
The Company cautions that several factors other than those
discussed above may impact the Company’s operating results and that
a particular trend regarding the factors above may or may not be
indicative of the Company’s current or future financial
performance.
About Bronco Drilling
Bronco Drilling Company, Inc. is a publicly held company
headquartered in Edmond, Oklahoma, and is a provider of contract
land drilling to oil and natural gas exploration and production
companies. Bronco's common stock is quoted on The NASDAQ Global
Select Market under the symbol “BRNC”. For more information about
Bronco Drilling Company, Inc., visit
http://www.broncodrill.com.
Bronco Drilling Company, Inc. Rig Status
Report as of April 30, 2011
Est. Duration (2) Rig No. Horsepower
Rig Type Basin Status (1) Contract Days Date 1 8 1000 hp E
Bakken O Term 368 5/2/2012 2 10 1000 hp E Marcellus O 7 wells 3 11
1000 hp E Marcellus O Term 133 9/10/2011 4 12 1500 hp E Bakken O
Term 73 7/12/2011 5 14 1200 hp E Anadarko O 3 wells 6 15 1200 hp E
Bakken O Term 290 2/14/2012 7 16 1400 hp E Bakken O Term 194
11/10/2011 8 17 1700 hp E Anadarko O 3 wells 9 20 1400 hp E Bakken
O Term 407 6/10/2012 10 21 2000 hp E Eagle Ford O Term 58 6/27/2011
11 22 1000 hp E Bakken O Term 454 7/27/2012 12 23 1000 hp E Bakken
O Term 182 10/29/2011 13 25 1500 hp E Anadarko O Term 164
10/11/2011 14 26 1200 hp E Eagle Ford O Term 75 7/14/2011 15 27
1500 hp E Bakken O Term 520 10/1/2012 16 28 1200 hp E Bakken O Term
367 5/1/2012 17 29 1500 hp E Woodford O Term 277 2/1/2012 18 37
1000 hp E Marcellus O Term 48 6/17/2011 19 57 1100 hp M Woodford O
Term 398 6/1/2012 20 59 1000 hp E Bakken O Term 41 6/10/2011 21 77
1200 hp M Anadarko O Term 231 12/17/2011 22 97 850 hp M Anadarko O
7 wells
M - Mechanical
I - Idle
E - Electric
O - Operating
1
Rigs classified as "operating" are under
contract while rigs described as "idle" are not under contract but
are being actively marketed and generally ready for service.
2
The estimated contract duration is derived
from discussions with our customer regarding their current
projection of the days remaining to complete the project.
Cautionary Note Regarding Forward-Looking Statements
The information in this report contains forward-looking
statements within the meaning of Section 27A of the Securities Act
of 1933, as amended, and Section 21E of the Securities Exchange Act
of 1934, as amended. These forward-looking statements include, but
are not limited to, comments pertaining to estimated contract
duration. Such statements are subject to risks, uncertainties and
assumptions, including, but not limited to, early termination by
the customer pursuant to the contract or otherwise, cancellation or
completion of certain contracts or projects earlier than expected,
operating hazards and other factors described in Bronco Drilling
Company, Inc’s. Annual Report on Form 10-K filed with the SEC on
March 15, 2011 and other filings with the SEC, which are available
free of charge on the SEC’s website at www.sec.gov. Bronco cautions
you that forward-looking statements are not guarantees of future
performance and that actual results or developments may differ
materially from those projected or implied in these statements.
Bronco Drilling Company, Inc. (MM) (NASDAQ:BRNC)
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