Bronco Drilling Activity Up Slightly

Bronco Drilling Co. Inc. reported September drilling utilization is up slightly while the number of operating rigs was unchanged.
The Edmond-based, publicly held drilling company reported utilization was 24 percent for September compared to 21 percent for the previous month and 32 percent for the second quarter.
Bronco had an average of 45 marketed drilling rigs in September compared to 45 in the previous month and 45 for the second quarter.
The average dayrate on operating drilling rigs as of September was $15,603 compared to $15,671 as of Aug. 31 and $16,124 for the second quarter of 2009.



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