Bronco Drilling Company, Inc.
14313 N May Ave Ste 100
Oklahoma City, Oklahoma
phone (405) 242-4444
Short report on company website
We provide contract land drilling and workover services to oil and natural gas exploration and production companies. As of February 28, 2009, we owned a fleet of 56 land drilling rigs, of which 45 were marketed and 11 were held in inventory. We also own a fleet of 61 well servicing rigs, including 37 newbuilds since January 2007. We also own a fleet of 66 trucks used to transport our rigs. We commenced operations in 2001 with the purchase of one stacked 650-horsepower drilling rig that we refurbished and deployed. We subsequently made selective acquisitions of both operational and inventoried drilling rigs, as well as ancillary equipment. Our management team has significant experience not only with acquiring rigs, but also with refurbishing and deploying inventoried rigs. We have successfully refurbished and brought into operation 25 inventoried drilling rigs during the period from November 2003 through December 2007. In addition, we have a 41,000 square foot machine shop in Oklahoma City, which allows us to refurbish and repair our rigs and equipment in-house. This facility, which complements our three drilling rig refurbishment yards, significantly reduces our reliance on outside machine shops and the attendant risk of third-party delays in our rig refurbishment program. We currently operate our drilling rigs in Oklahoma, Texas, Colorado, North Dakota, Louisiana, Pennsylvania and Mexico. Our workover rigs are currently operating in Oklahoma, Texas, Kansas, Colorado, Arkansas, and New Mexico. Our current fleet of 56 rigs includes 36 rigs ranging from 950 to 2,500 horsepower. Accordingly, such rigs can, or in the case of inventoried rigs upon refurbishment, will be able to, reach the depths required to explore for deep natural gas reserves. Our higher horsepower land drilling rigs can also drill horizontal wells, which are increasing as a percentage of total wells drilled in North America. We believe our premium rig fleet, inventory and experienced crews position us to benefit from the natural gas drilling activity in our core operating areas. Headquartered in Edmond, Oklahoma, Bronco Drilling Company, Incorporated is a publicly traded Company. Its common stock is listed on the NASDAQ under the symbol BRNC.