Bronco Drilling rate, operations unchanged in Nov

AP News
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Posted: Dec 10, 2009 5:50 PM

Bronco Drilling Company, Inc. said Thursday that it operated fewer drilling rigs but increased its dayrate in November when compared with averages from the previous quarter.

The oil and gas services company, which has headquarters in Edmond, Okla., said it had an average of 37 marketed drilling rigs in November. That's unchanged from October but less than the 45 rigs in the third quarter.

The average dayrate was $15,608 in November, higher than the average dayrate of $15,113 in the third quarter.

Broco stock lost a penny to $4.77 a share in Thursday trading.