Bronco Drilling (BRNC) Reports Operating Results for September
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Bronco Drilling Company, Inc., (Nasdaq: BRNC), announced today operational results for the month ended and as of September 30, 2009.
Utilization for the Company's drilling fleet was 24% for the month of September compared to 21% for the previous month and 32% for the second quarter. The Company had an average of 45 marketed drilling rigs in September compared to 45 in the previous month and 45 for the second quarter. The average dayrate on operating drilling rigs as of September, 2009, was $15,603 compared to $15,671 as of August 31, 2009, and $16,124 for the second quarter of 2009.
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.
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