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Message: Selected Operating Data for October 2009

Selected Operating Data for October 2009

posted on Nov 12, 2009 06:51AM

Attention Business And Energy Editors

Forbes Energy Services Reports Selected Operating Data for October 2009

ALICE, Texas, Nov. 12 /CNW/ -- Forbes Energy Services Ltd. (TSX: FRB)

today announced its rig and trucking hours billed for the month of October

2009.

For the month ending

--------------------

October 31, 2009 September 30, 2009 October 31, 2008

---------------- ------------------ ----------------

Working days 22 21 23

Rig hours

U.S. 17,004 15,520 39,424

Mexico 4,296 4,608 -

----- ----- -----

Total rig hours 21,300 20,128 39,424

>>

Truck hours 75,491 71,343 110,120

 

<<

Working days represent the week days in the month less holidays. Rig and

truck hours represent actual hours billed to customers.

 

>>

John Crisp, Forbes Energy's President and Chief Executive Officer,

commented, "I'm pleased to report that Forbes experienced a moderate increase

in activity during October. Well Servicing benefited from increased natural

gas activity in South Texas, and to a lesser extent in East Texas. Mexico

hours were down slightly primarily due to location construction delays related

to Mexico's annual rainy season and site access negotiations with land owners.

While these are typical of operations in Mexico, we continue to focus on

mitigating delays of this type. Our Fluid Logistics segment benefited from

increased work in the oil-driven Permian Basin of West Texas."

Forbes Energy Services 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.

Forbes Energy Services Ltd. is an independent oilfield services

contractor that provides a broad range of drilling-related and

production-related services to oil and natural gas companies, primarily

onshore in Texas, Mississippi, Pennsylvania and Mexico.

 

<<

Contacts: Forbes Energy Services Ltd.

L. Melvin Cooper, SVP & CFO

361-664-0549

>>

<<

DRG&E

Ken Dennard, Managing Partner

Ben Burnham, AVP

713-529-6600

  

-30-

/For further information: L. Melvin Cooper, SVP & CFO of Forbes Energy

Services Ltd., +1-361-664-0549; or Ken Dennard, Managing Partner, or Ben

Burnham, AVP, both of DRG&E, +1-713-529-6600, for Forbes Energy Services Ltd./

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