Bronco Drilling's Fleet Utilization Up 45% for February
Utilization for the Company's drilling fleet was 45% for the month of February compared to 34% for the month of January and 31% for the fourth quarter of 2009. The Company had an average of 37 marketed drilling rigs in February compared to 37 in January and 37 for the fourth quarter of 2009. The average dayrate on operating drilling rigs as of February 28, 2010, was $15,445 compared to $15,442 as of January 31, 2010.
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- Chesapeake Ropes Bronco Drilling (Apr 15)