Bronco Bucks Up 70% Feb. Utilization for Drilling Fleet



Bronco Drilling Company, Inc. announced operational results for the month ended and as of February 29, 2008.

Utilization for the Company's drilling fleet was 70% for the month of February compared to 64% for the previous month and 73% for the fourth quarter of 2007. The Company had an average of 45 marketed rigs in February compared to 45 in the previous month and 48 for the fourth quarter of 2007. The average dayrate on operating rigs as of February 29, 2008, was $16,891 compared to $17,369 as of January 31, 2008, and $17,258 for the fourth quarter of 2007.

Utilization for the Company's workover fleet was 74% for the month of February compared to 82% for the previous month and 75% for the fourth quarter of 2007. The Company had an average of 48 marketed workover rigs in February compared to 47 in the previous month and 42 for the fourth quarter of 2007.

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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