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Bronco Drilling Company, Inc. Announces Monthly Operating Results

November 10, 2008

Bronco Drilling Company, Inc., (Nasdaq/GM:BRNC), announced today operational results for the month ended and as of October 31, 2008.

Utilization for the Company’s drilling fleet was 87% for the month of October compared to 84% for the previous month and 84% for the third quarter. The Company had an average of 43 marketed drilling rigs in October compared to 42 in the previous month and 42 for the third quarter. The average dayrate on operating drilling rigs as of October 31, 2008, was $18,698 compared to $18,543 as of September 30, 2008, and $17,869 for the third quarter of 2008.

Utilization for the Company’s workover fleet was 60% for the month of October compared to 69% for the previous month and 73% for the third quarter. The Company had an average of 54 marketed workover rigs in October compared to 55 in the previous month and 54 for the third quarter.

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 Market under the symbol “BRNC”. For more information about Bronco Drilling Company, Inc., visit http://www.broncodrill.com.

  Bronco Drilling Company, Inc. Rig Status Report as of October 31, 2008  Est. Duration (2) ---------------- Rig             Rig               Status No. Horsepower  Type    Basin      (1)  Contract  Days    Date ---- ---------- ----- ----------- ------ -------- ----- ---------- 1   2     400 hp     M                 I 2   4     950 hp     M    Piceance     O      Term    25   11/25/2008 3   5     650 hp     M    Anadarko     O      Term    65    1/4/2009 4   6     650 hp     M    Anadarko     O      Term    118  2/26/2009 5   7     650 hp     M                 I 6   8    1000 hp     E    Williston    O      Term    225  6/13/2009 7   9     650 hp     M     Arkoma      O      Term    62    1/1/2009 8   10   1000 hp     E    Anadarko     O      Term    75   1/14/2009 9   11   1000 hp     E    Woodford     O      Term    156   4/5/2009 10   12   1500 hp     E    Anadarko     O      Term    145  3/25/2009 11   14   1200 hp     E    Woodford     O      Term    253  7/11/2009 12   15   1200 hp     E   Haynesville   O      Term    273  7/31/2009 13   16   1400 hp     E     Bakken      O    2 wells 14   17   1700 hp     E    Anadarko     O      Term    313   9/9/2009 15   20   1400 hp     E     Bakken      O      Term    305   9/1/2009 16   21   2000 hp     E   Haynesville   O      Term    731  11/1/2010 17   22   1000 hp     E     Bakken      O      Term 18   23   1000 hp     E    Piceance     O      Term    62    1/1/2009 19   25   1500 hp     E    Woodford     O    3 wells 20   26   1200 hp     E    Anadarko     O      Term    121   3/1/2009 21   27   1500 hp     E    Piceance     O      Term    200  5/19/2009 22   28   1200 hp     E     Bakken      O      Term    182   5/1/2009 23   29   1500 hp     E    Woodford     O      Term    396  12/1/2009 24   37   1000 hp     E     Cotton      O    5 wells Valley 25   41    950 hp     M    Anadarko     O    3 wells 26   42    650 hp     M    Anadarko     O    well to well 27   43   1000 hp     M   Haynesville   O      Term    61   12/31/2008 28   51    850 hp     M    Anadarko     O    6 wells 29   52    850 hp     M    Anadarko     O    6 wells 30   53    750 hp     M                 I 31   54    850 hp     M    Woodford     O      Term    201  5/20/2009 32   55    950 hp     M   Chicontepec   O      Term    426  12/31/2009 33   56   1100 hp     M    Anadarko     O      Term    99    2/7/2009 34   57   1100 hp     M    Woodford     O      Term    141  3/21/2009 35   58    800 hp     M     Cotton      O    3 wells Valley 36   59    850 hp     M     Bakken      O      Term 37   60    850 hp     M    Anadarko     O    well to well 38   62   1000 hp     M    Anadarko     O      Term    112  2/20/2009 39   70    450 hp     M    Anadarko     O    well to well 40   72    750 hp     M     Cotton      O    well to Valley            well 41   75    750 hp     M    Woodford     O      Term    282   8/9/2009 42   76    900 hp     M   Chicontepec   O      Term    426  12/31/2009 43   77   1200 hp     M   Haynesville   O      Term    152   4/1/2009 44   78   1000 hp     M   Chicontepec   O      Term    426  12/31/2009 45   94   1000 hp     M    Anadarko     O    3 wells 46   97    850 hp     M    Anadarko     O    well to well  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. 

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 17, 2008, as amended on April 29, 2008, and other filings with the SEC, which are available free of charge on the SEC’s website 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.




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