Bronco Drilling announced operational results for the month ended and as of May 31, 2010.
Utilization for the Company's drilling fleet was 54% for the month of May compared to 52% for the month of April and 43% for the first quarter of 2010. The Company had an average of 37 marketed drilling rigs in May compared to 37 in April, and 37 for the first quarter of 2010. The average dayrate on operating drilling rigs as of May 31, 2010, was $16,268 compared to $15,664 as of April 30, 2010 and $15,949 for the first quarter of 2010.
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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