Forbes Energy Services Reports Selected Operating Data for February 2010


    



    
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<p>ALICE, Texas, <span class="xn-chron">March 11</span> /CNW/ -- Forbes Energy Services Ltd. (TSX: FRB) today announced its rig and trucking hours billed for the month of <span class="xn-chron">February 2010</span>.</p>
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                                    For the month ending
                                    --------------------
                      February 28, 2010  January 31, 2010  February 28, 2009
                      -----------------  ----------------  -----------------
    Working days               20                20                20
    Rig hours
      U.S.                 20,305            19,962            21,551
      Mexico                5,688             6,360             1,412
                            -----             -----             -----
      Total rig hours      25,993            26,322            22,963
    
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    Truck hours            82,319            83,625            68,665


    
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<p>Working days represent the week days in the month less holidays.  Rig and truck hours represent actual hours billed to customers.</p>
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<p><span class="xn-person">John Crisp</span>, Forbes Energy's President and Chief Executive Officer, commented, "Our U.S. operations continue to show signs of improvement in activity.  We see this trend continuing through 2010 with expectations that price improvement will follow.  While our prices in <span class="xn-location">Mexico</span> are set by contract, <span class="xn-location">Mexico</span> hours are heavily dependent on customer scheduling, access to sites, and other factors resulting in swings in hours between periods."</p>
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<p>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.</p>
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<p>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 <span class="xn-location">Mexico</span>.</p>
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    Contacts:  Forbes Energy Services Ltd.
               L. Melvin Cooper, SVP & CFO
               361-664-0549
    
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               DRG&E
               Ken Dennard, Managing Partner
               Ben Burnham, AVP
               713-529-6600





    

For further information: For further information: L. Melvin Cooper, SVP & CFO of Forbes Energy Services Ltd., +1-361-664-0549; or Ken Dennard, Managing Partner, or Ben Burnham, AVP, both of DRG&E, +1-713-529-6600, for Forbes Energy Services Ltd.

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FORBES ENERGY SERVICES LTD.

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