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Bronco Drilling Reports April Monthly Operating Results – update
http://www.heavymachineryinfo.com/articles/2251/1/Bronco-Drilling-Reports-April-Monthly-Operating-Results--update/Bronco-Drilling-Reports-April-Monthly-Operating-Results--update.html
By super admin
Published on 05/12/2008
 
Bronco Drilling Co. Inc. (BRNC:  News,   Chart,  Quote ), a provider of contract land drilling services to oil and natural gas companies, announced operational results for the month of April.
Bronco Drilling Reports April Monthly Operating Results – update



Bronco Drilling Co. Inc. (BRNC:  News,   Chart,  Quote ), a provider of contract land drilling services to oil and natural gas companies, announced operational results for the month of April.

Utilization for the company’s drilling fleet was 78% for April, up from 74% for the previous month.

The Edmond, Oklahoma-based company had an average of 45 marketed drilling rigs, compared to 45 in the preceding month.

As of April 30, 2008, the average dayrate on operating drilling rigs was $16,563, compared to $16,657 as of March 31, 2008.

Utilization for the company’s workover fleet was 76% for the month of April compared to 75% for the previous month and 77% for the first quarter of 2008.

The company had an average of 53 marketed workover rigs in April, up from 50 in the prior month.

BRNC is currently trading at $17.36, up 11 cents. 



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