-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CWCohhizwSLoN3gzvYDiefTw9jvN1+VbnwQEoX/0XzuqOYFsoQPepUN4bADmzex/ DBiDhMl8XC9lzRycjKb11w== 0001328650-10-000029.txt : 20100709 0001328650-10-000029.hdr.sgml : 20100709 20100709163354 ACCESSION NUMBER: 0001328650-10-000029 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20100709 ITEM INFORMATION: Regulation FD Disclosure ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20100709 DATE AS OF CHANGE: 20100709 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Bronco Drilling Company, Inc. CENTRAL INDEX KEY: 0001328650 STANDARD INDUSTRIAL CLASSIFICATION: DRILLING OIL & GAS WELLS [1381] IRS NUMBER: 202902156 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 000-51471 FILM NUMBER: 10946592 BUSINESS ADDRESS: STREET 1: 16217 NORTH MAY AVENUE CITY: EDMOND STATE: OK ZIP: 73013 BUSINESS PHONE: 405.242.4444 MAIL ADDRESS: STREET 1: 16217 NORTH MAY AVENUE CITY: EDMOND STATE: OK ZIP: 73013 8-K 1 body_8k.htm BRONCO DRILLING COMPANY INC. 8-K body_8k.htm


                                                                                                                                                    0;            
 
 
 
 
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
 
___________
 
 
 
FORM 8-K
 
 
 
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
 
 
 
Date of report (Date of earliest event reported): July 9, 2010
___________
 
  
 
 
BRONCO DRILLING COMPANY, INC.
(Exact Name of Registrant as Specified in Charter)
 
 
 
 
 
Delaware
(State or other jurisdiction of incorporation)
000-51471
(Commission File Number)
20-2902156
(I.R.S. Employer
Identification Number)
16217 North May Avenue
Edmond, OK
(Address of principal
executive offices)
 
73013
(Zip code)
 
 
(405) 242-4444
(Registrant's telephone number, including area code)
 
 
Not Applicable
(Former name or former address, if changed since last report)
 

 

Check the appropriate box below if the Form 8-K is intended to simultaneously satisfy the filing obligation of the Registrant under any of the following provisions:
   
o
Written communications pursuant to Rule 425 under the Securities Act
o
Soliciting material pursuant to Rule 14a-12 under the Exchange Act
o
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act
o
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act
 




 
 

 



Item 7.01.  Regulation FD Disclosure.

On July 9, 2010, Bronco Drilling Company, Inc. issued its monthly operational press release and rig status report for the month of June 2010.  The full text of the press release and rig status report is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated herein by reference.

In accordance with General Instruction B.2 to Form 8-K, the information contained in Exhibit 99.1 is being “furnished” and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities of that section, nor shall it be deemed incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by specific reference in such a filing.

 Item 9.01. Financial Statements and Exhibits.
 
(d)
Exhibits
 
Number
 
Exhibit
99.1
 
Press Release issued by Bronco Drilling Company, Inc., dated July 9, 2010
 
     

 




 
 

 



 SIGNATURE
 
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.
 

 
BRONCO DRILLING COMPANY, INC.
   
   
Date: July 9, 2010
By: /s/ MATTHEW S. PORTER
      Matthew S. Porter
      Chief Financial Officer
   

  





 
 

 

Exhibit Index

Number
 
Exhibit
99.1
 
Press Release issued by Bronco Drilling Company, Inc., dated July 9, 2010
 
     









EX-99.1 2 exhibit99_1.htm PRESS RELEASE exhibit99_1.htm
Exhibit 99.1
Bronco Drilling Company, Inc. Announces Monthly Operating Results

OKLAHOMA CITY, July 9, 2010 (BUSINESS WIRE)—Bronco Drilling Company, Inc. (Nasdaq/GS:BRNC), announced today operational results for the month ended and as of June 30, 2010.
 
Utilization for the Company’s drilling fleet was 56% for the month of June compared to 54% for the month of May and 43% for the first quarter of 2010.  The Company had an average of 37 marketed drilling rigs in June compared to 37 in May, and  37 for the first quarter of 2010. The average dayrate on operating drilling rigs as of June 30, 2010, was $16,515 compared to $16,268 as of May 31, 2010 and $15,949 for the first quarter of 2010. The increase in average dayrate on operating drilling rigs as of May 31, 2010, was partially due to a wage increase initiated during May for Bronco field personnel that is contractually passed through to Bronco’s customers.  The increase in average dayrate as a result of the wage increase was approximately $600 a day.
 
The Company 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.
 
About Bronco Drilling
 
Bronco Drilling Company, Inc. is a publicly held company headquartered in Edmond, Oklahoma, and is a provider of contract land drilling and workover services to oil and natural gas exploration and production companies. Bronco's common stock is quoted on The NASDAQ Global Select Market under the symbol “BRNC”. For more information about Bronco Drilling Company, Inc., visit http://www.broncodrill.com

 
-1-

 

 
Bronco Drilling Company, Inc.
 
Rig Status Report
 
as of June 30, 2010
                               
                         
Est. Duration (2)
 
Rig No.
 
Horsepower
 
Rig Type
 
Basin
 
Status (1)
 
Contract
 
 Days
 
Date
1
2
 
400 hp
 
M
 
 
 
I
 
 
       
2
5
 
650 hp
 
M
 
 
 
I
 
 
 
 
 
 
3
6
 
650 hp
 
M
 
 
 
I
 
 
 
 
 
 
4
7
 
650 hp
 
M
 
 
 
I
 
 
 
 
   
5
8
 
1000 hp
 
E
 
Bakken
 
O
 
Term
 
                305
 
5/1/2011
6
9
 
650 hp
 
M
 
 
 
I
 
 
 
 
 
 
7
10
 
1000 hp
 
E
 
Marcellus
 
O
 
Term
 
                215
 
1/31/2011
8
11
 
1000 hp
 
E
 
Marcellus
 
O
 
well to well
       
9
12
 
1500 hp
 
E
 
Bakken
 
O
 
Term
 
                336
 
6/1/2011
10
14
 
1200 hp
 
E
 
Anadarko
 
O
 
3 wells
 
 
 
 
11
15
 
1200 hp
 
E
 
Haynesville
 
O
 
Term
 
                117
 
10/25/2010
12
16
 
1400 hp
 
E
 
Bakken
 
O
 
Term
 
                244
 
3/1/2011
13
17
 
1700 hp
 
E
 
Anadarko
 
O
 
well to well
 
 
 
 
14
20
 
1400 hp
 
E
 
Bakken
 
O
 
Term
 
                711
 
6/10/2012
15
21
 
2000 hp
 
E
 
Haynesville
 
O
 
Term
 
                184
 
12/31/2010
16
22
 
1000 hp
 
E
 
Bakken
 
O
 
Term
 
                391
 
7/26/2011
17
23
 
1000 hp
 
E
 
Bakken
 
O
 
Term
 
                199
 
1/15/2011
18
25
 
1500 hp
 
E
 
Cotton Valley
 
O
 
well to well
 
 
 
 
19
26
 
1200 hp
 
E
 
Haynesville
 
O
 
Term
 
                184
 
12/31/2010
20
27
 
1500 hp
 
E
 
Bakken
 
O
 
Term
 
                274
 
3/31/2011
21
28
 
1200 hp
 
E
 
Bakken
 
O
 
Term
 
                168
 
12/15/2010
22
29
 
1500 hp
 
E
 
Woodford
 
O
 
Term
 
                216
 
2/1/2011
23
37
 
1000 hp
 
E
 
Marcellus
 
O
 
Term
 
                366
 
7/1/2011
24
41
 
950 hp
 
M
 
 
 
I
 
 
 
 
   
25
42
 
650 hp
 
M
 
 
 
I
 
 
 
 
   
26
51
 
850 hp
 
M
 
 
 
I
 
 
 
 
   
27
52
 
850 hp
 
M
 
 
 
I
 
 
 
 
   
28
54
 
850 hp
 
M
 
 
 
I
 
 
 
 
 
 
29
56
 
1100 hp
 
M
 
Anadarko
 
O
 
well to well
 
 
 
 
30
57
 
1100 hp
 
M
     
I
 
 
 
 
 
 
31
59
 
1000 hp
 
E
 
Bakken
 
O
 
Term
 
                345
 
6/10/2011
32
62
 
1000 hp
 
M
 
Anadarko
 
O
 
well to well
 
 
 
 
33
70
 
450 hp
 
M
 
 
 
I
 
 
       
34
75
 
750 hp
 
M
 
 
 
I
 
 
 
 
 
 
35
77
 
1200 hp
 
M
 
Cotton Valley
 
O
 
well to well
 
 
 
 
36
94
 
1000 hp
 
M
 
 
 
I
 
 
       
37
97
 
850 hp
 
M
 
Anadarko
 
O
 
10 wells
 
 
   
                               
M -
Mechanical
 
    I -
Idle
                   
E -
Electric
   
O -
Operating
                   
1
Rigs classified as "operating" are under contract while rigs described as "idle" are not under contract but are being actively
 
marketed and generally ready for service.
                   
2
The estimated contract duration is derived from discussions with our customer regarding their current projection of the days
 
remaining to complete the project.
                   
 
Changes from the prior month are highlighted.
                 

 
-2-

 
Cautionary Note Regarding Forward-Looking Statements
 
The information in this report contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended.  These forward-looking statements include, but are not limited to, comments pertaining to estimated contract duration.  Such statements are subject to risks, uncertainties and assumptions, including, but not limited to, early termination by the customer pursuant to the contract or otherwise, cancellation or completion of certain contracts or projects earlier than expected, operating hazards and other factors described in Bronco Drilling Company, Inc’s. Annual Report on Form 10-K filed with the SEC on March 15, 2010 and other filings with the SEC, which are available free of charge on the SEC’s websi te at www.sec.gov.  Bronco cautions you that forward-looking statements are not guarantees of future performance and that actual results or developments may differ materially from those projected or implied in these statements.
 
Contact:                                
Bob Jarvis
Investor Relations
Bronco Drilling Company
(405) 242-4444 EXT: 102
bjarvis@broncodrill.com
 

 
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