Selected operating data for august
posted on
Sep 10, 2010 08:02AM
Edit this title from the Fast Facts Section
Forbes Energy Services Reports Selected Operating Data for August 2010 << ~ Rig hours up 53% year-over-year ~ ~ Truck hours up 39% year-over-year ~ >> ALICE, Texas, Sept. 9 /CNW/ -- Forbes Energy Services Ltd. (TSX: FRB) today announced its rig and trucking hours for the month of August 2010. << For the month ending -------------------- August 31, July 31, August 31, 2010 2010 2009 ----------- --------- ----------- Working days 22 21 21 Rig hours U.S. 26,985 25,629 16,749 Mexico 6,480 5,904 5,136 ----- ----- ----- Total rig hours 33,465 31,533 21,885 >> << Truck hours 97,115 95,461 69,767 >> John Crisp, Forbes Energy's President and Chief Executive Officer, commented, "We're continuing to see activity improve across all of our U.S. regions, especially in South Texas where our customers are giving us positive indications about additional demand in the coming months. We anticipate continued strong activity through year end along with modest price improvements in selected areas in response to the increased demand and a more competitive labor market. "Our Mexico operation hours for the month of August were the highest produced by that location since we began operations. Part of this is certainly the result of improved scheduling from our customer, improved weather, and fewer site access issues during the month, but we are pleased that our continual operations process improvements are also beginning to impact results."