Forbes Energy Services Reports Selected Operating Data for October 2009
</pre> <p>ALICE, Texas, <chron>Nov. 12</chron> /CNW/ -- Forbes Energy Services Ltd. (TSX: FRB) today announced its rig and trucking hours billed for the month of <chron>October 2009</chron>.</p> <pre> </pre> <p> </p> <pre> For the month ending -------------------- October 31, 2009 September 30, 2009 October 31, 2008 ---------------- ------------------ ---------------- Working days 22 21 23 Rig hours U.S. 17,004 15,520 39,424 Mexico 4,296 4,608 - ----- ----- ----- Total rig hours 21,300 20,128 39,424 </pre> <p> </p> <p>Truck hours 75,491 71,343 110,120</p> <p> </p> <p> </p> <pre> Working days represent the week days in the month less holidays. Rig and truck hours represent actual hours billed to customers. </pre> <p><person>John Crisp</person>, Forbes Energy's President and Chief Executive Officer, commented, "I'm pleased to report that Forbes experienced a moderate increase in activity during October. Well Servicing benefited from increased natural gas activity in South Texas, and to a lesser extent in East Texas. <location>Mexico</location> hours were down slightly primarily due to location construction delays related to Mexico's annual rainy season and site access negotiations with land owners. While these are typical of operations in <location>Mexico</location>, we continue to focus on mitigating delays of this type. Our Fluid Logistics segment benefited from increased work in the oil-driven Permian Basin of West Texas."</p> <p/> <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> <p/> <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 <location>Mexico</location>.</p> <p/> <p> </p> <pre> Contacts: Forbes Energy Services Ltd. L. Melvin Cooper, SVP & CFO 361-664-0549 </pre> <p> </p> <pre> 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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