Selected Operating Data for January 2010
posted on
Feb 10, 2010 06:21AM
Edit this title from the Fast Facts Section
Attention Business And Energy Editors Forbes Energy Services Reports Selected Operating Data for January 2010 << >> ALICE, Texas, Feb. 10 /CNW/ -- Forbes Energy Services Ltd. (TSX: FRB) today announced its rig and trucking hours billed for the month of January 2010. For the month ending -------------------- January 31, 2010 December 31, 2009 January 31, 2009 ---------------- ----------------- ---------------- Working days 20 20 21 Rig hours U.S. 19,962 18,296 26,016 Mexico 6,360 5,976 - ----- ----- --- Total rig hours 26,322 24,272 26,016 >> << Truck hours 83,625 78,130 89,383 >> 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, "We're pleased to report that the new year has seen a continuation of the recent upward trend in rig and truck hours. Based on industry trends and conversations with customers, we expect to see gradual improvement throughout 2010, driven largely by oil related activity and the growth of the Eagle Ford Shale play in South 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./