Bronco Drilling Company, Inc. Announces Monthly Operating Results

November 10, 2009 4:30 PM EST

OKLAHOMA CITY--(BUSINESS WIRE)-- Bronco Drilling Company, Inc., (Nasdaq/GS: BRNC), announced today operational results for the month ended and as of October 31, 2009.

Utilization for the Company's drilling fleet was 31% for the month of October compared to 24% for the previous month and 23% for the third quarter. The Company had an average of 37 marketed drilling rigs in October compared to 45 in the previous month and 45 for the third quarter. The average dayrate on operating drilling rigs as of October 31, 2009, was $15,608 compared to $15,603 as of September 30, 2009, and $15,113 for the third 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.

About Bronco Drilling

Bronco Drilling Company, Inc. is a publicly held company headquartered in Edmond, Oklahoma, and is a provider of contract land drilling and workover services 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 October 31, 2009

                                                                      Est. Duration
                                                                      (2)

    Rig No.     Horsepower  Rig Type   Basin        Status  Contract  Days  Date
                                                    (1)

1   2           400 hp      M                       I

2   5           650 hp      M                       I

3   6           650 hp      M                       I

4   7           650 hp      M                       I

5   8           1000 hp     E          Bakken       O       Three
                                                            Wells

6   9           650 hp      M                       I

7   10          1000 hp     E                       I

8   11          1000 hp     E                       I

9   12          1500 hp     E          Anadarko     O       well to
                                                            well

10  14          1200 hp     E                       I

11  15          1200 hp     E          Haynesville  O       Term      359   10/25/2010

12  16          1400 hp     E          Bakken       O       well to
                                                            well

13  17          1700 hp     E          Anadarko     O       Term      76    1/15/2010

14  20          1400 hp     E          Bakken       O       Term      222   6/10/2010

15  21          2000 hp     E          Haynesville  O       well to
                                                            well

16  22          1000 hp     E                       I

17  23          1000 hp     E                       I

18  25          1500 hp     E          Cotton       O       well to
                                       Valley               well

19  26          1200 hp     E                       I

20  27          1500 hp     E          Uinta        O       Term      90    1/29/2010

21  28          1200 hp     E          Bakken       O       well to
                                                            well

22  29          1500 hp     E          Woodford     O       2 wells

23  37          1000 hp     E          Marcellus    O       well to
                                                            well

24  41          950 hp      M                       I

25  42          650 hp      M                       I

26  51          850 hp      M                       I

27  52          850 hp      M                       I

28  54          850 hp      M                       I

29  56          1100 hp     M                       I

30  57          1100 hp     M                       I

31  59          1000 hp     E                       I

32  62          1000 hp     M                       I

33  70          450 hp      M                       I

34  75          750 hp      M                       I

35  77          1200 hp     M                       I

36  94          1000 hp     M                       I

37  97          850 hp      M                       I

M   Mechanical  I -         Idle
-

E   Electric    O -         Operating
-

    Rigs classified as "operating" are under contract while rigs described as "idle"
1   are not under contract but are being actively
    marketed and generally ready for service.

    The estimated contract duration is derived from discussions with our customer
2   regarding their current projection of the days
    remaining to complete the project.

    Changes from the prior month are highlighted.

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 16, 2009, as amended on April 29, 2009 and June 30, 2009 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.

    Source: Bronco Drilling Company, Inc.

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