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Last updated on May 26, 2012 at 17:19 EDT

Forbes Energy Services Reports Selected Operating Data for November 2009

December 15, 2009
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ALICE, Texas, Dec. 15 /PRNewswire-FirstCall/ — Forbes Energy Services Ltd. (TSX: FRB) today announced its rig and trucking hours billed for the month of November 2009.


                                    For the month ending
                                    --------------------
                      November 30, 2009  October 31, 2009  November 30, 2008
                      -----------------  ----------------  -----------------
    Working days              19                22                18
    Rig hours
      U.S.                17,804            17,004            30,892
      Mexico               5,520             4,296                 -
                           -----             -----               ---
      Total rig hours     23,324            21,300            30,892

    Truck hours           74,478            75,491           103,499
      --------------------------------------------------------------------
      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, “Forbes experienced another increase in daily activity during November. Our U.S. well servicing and fluid logistics segments both benefited from increased activity in South Texas, primarily related to the Eagle Ford shale play. Mexico billable hours increased closer to our expectations due to the continued efforts of our new operations team.”

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

SOURCE Forbes Energy Services Ltd.


Source: newswire