BNET Industries

Market Cap:$147.2M
Last Fiscal Year Sales:$298.9M
  • Public
  • US
Dow Jones Description

We provide contract land drilling and workover services to independent and major oil and natural gas exploration and production companies throughout the United States and internationally in Mexico. As of July 31, 2009, we owned a fleet of 56 land drilling rigs, of which 45 were marketed and 11 were held in inventory. We also owned a fleet of 61 workover rigs, of which 0 were marketed and 61 were held in inventory. As of June 30, 2009, we also owned a fleet of 60 trucks used to transport our rigs.

Chairman and Chief Executive Officer
D. Frank Harrison
Number of Employees 1,059
Contact Information

14313 N May Ave Ste 100

Oklahoma City, Oklahoma 73134

broncodrill.com

1 405 242 4444

NAICS Code Drilling Oil and Gas Wells: 213111

Recent Events

  • Pritchard Capital Upgrades Bronco Drilling Company BRNC to Neutral

    11/09/09 - Bond / Stock Rating - View Story

  • Bronco Drilling has loss for third-quarter

    11/07/09 - Financial Announcement - View Story

  • BRIEF-RESEARCH ALERT-UBS raises Basic Energy, Bronco Drilling to neutral

    10/01/09 - Bond / Stock Rating - View Story

  • UPDATE 1-Jefferies raises Bronco Drilling to hold

    9/25/09 - Joint Venture / Alliance - View Story

  • Bronco Drilling BRNC Enters into a Joint Venture with CICSA and $75 Million Revolving Credit...

    9/21/09 - Joint Venture / Alliance - View Story

News & Analysis

bronco drilling co. inc. - All News and Analysis

Decision Makers

Name (plus bio) Position
Kevin Ediger President, Operations Manager, Controller, Area Supervisor, Safety Director
Mark Dubberstein President
Karl W. Benzer COO
Steven R Starke Chief Accounting Officer
Zachary M. Graves CFO, Treasurer & Secretary
Larry Bartlett Senior Vice President, Rig Operations
Ricky Escobedo Operations Manager
Lisa Williams Controller
Alfredo Pineda Rig Supervisor, Safety Monitor
Brent Young Rig Supervisor, Safety Monitor
Dale Eike Rig Supervisor, Safety Monitor
David Marricle Rig Supervisor, Safety Monitor
Edgar Morales Mechanical Superintendent
Grant Thornton Independent Auditor
Hector Flores Rig Supervisor, Safety Monitor
Henry Ramos Rig Supervisor, Safety Monitor
John Davenport Rig Supervisor, Safety Monitor
Martin Aragon Rig Supervisor, Safety Monitor
Michael O Thompson
Mike Holtzclaw Rig Supervisor, Safety Monitor
Oscar Natividad Rig Supervisor, Safety Monitor
Shane Elgin Rig Supervisor, Safety Monitor
Thomas Rocha Rig Supervisor, Safety Monitor
David L. Houston Director

Board of Directors

Name (plus bio) Position
D. Frank Harrison Chairman and Chief Executive Officer
William R. Snipes Chairman
David W House Board of Directors
Gary C. Hill Board of Directors
Mike Liddell Board of Directors

D. Frank Harrison has served as served as Chief Executive Officer and a director of our company since May 2005. Mr. Harrison served as President of Harding & Shelton, Inc., a privately held oil and natural gas exploration, drilling and development firm, from 1999 to 2002. From 2002 to 2005, Mr. Harrison served as an agent for the purchase and sale of oil and gas properties for entities controlled by Wexford. Mr. Harrison has served since 2003 as a member of the board of directors of Geokinetics, Inc., a publicly held seismic acquisition and interpretation company. He graduated from Oklahoma State University with a Bachelor of Science degree in Sociology.

Organization Position Status
Bronco Drilling Company, Inc. Chairman and Chief Executive Officer Current
Harding & Shelton, Inc President Former
Bronco Drilling Company, Inc. Board of Directors Former
Oklahoma State University Bachelor of Science Degree In Sociology Former

Organization Position Status
Bronco Drilling Company, Inc. President, Operations Manager, Controller, Area Supervisor, Safety Director Current

Mark Dubberstein was named President of the Company on June 28, 2007. Prior to his promotion, Mr. Dubberstein became the Company’s General Counsel on January 1, 2006 following twenty-five years in private practice, most recently as the senior member of Dubberstein, Heinen & Morris PC in Oklahoma City. His previous experience includes serving as Mid-Continent Counsel at Sohio Petroleum Company in Dallas. He received a Juris Doctorate from the University of Oklahoma College of Law and a Bachelor of Arts degree in English from Oklahoma State University.

Organization Position Status
Bronco Drilling Company, Inc. President Current
University of Oklahoma College of Law Juris Doctorate Former
Oklahoma State University Bachelor of Arts Degree In English Former

Organization Position Status
Bronco Drilling Company, Inc. COO Current
Patterson Fuel Oil Inc. Former
University of Rhode Island Master of Business Administration Former

Steven R. Starke was named Chief Accounting Officer of the Company on June 28, 2007. Prior to his promotion, Mr. Starke served as Controller of the Company. Prior to joining the Company, Mr. Starke served as an accountant with Grant Thornton LLP in Oklahoma City. He received a Bachelor of Business Administration degree in Accounting and Management Information Systems from the University of Oklahoma and is a licensed Certified Public Accountant.

Organization Position Status
Bronco Drilling Company, Inc. Chief Accounting Officer Current
The University of Oklahoma Bachelor of Business Administration Degree In Accounting and Management Information Systems Former

Zachary M. Graves has served as Chief Financial Officer of our company since April 2005. He previously served as our Controller and the Controller of Gulfport from April 2003 to March 2005. Prior to joining our company, Mr. Graves served as an accountant with KPMG LLP from August 2000 to April 2003. He received a Bachelor of Business Administration degree in Accounting from the University of Oklahoma and is a licensed Certified Public Accountant.

Organization Position Status
Bronco Drilling Company, Inc. CFO, Treasurer & Secretary Current
Gulfport Controller Former
Gulfport Energy Corporation Controller Former
KPMG International Former
The University of Oklahoma Bachelor of Business Administration degree in Accounting Former

Organization Position Status
Bronco Drilling Company, Inc. Senior Vice President, Rig Operations Current

Organization Position Status
Bronco Drilling Company, Inc. Operations Manager Current

Organization Position Status
Bronco Drilling Company, Inc. Controller Current

Organization Position Status
Bronco Drilling Company, Inc. Rig Supervisor, Safety Monitor Current

Organization Position Status
Bronco Drilling Company, Inc. Rig Supervisor, Safety Monitor Current

Organization Position Status
Bronco Drilling Company, Inc. Rig Supervisor, Safety Monitor Current

Organization Position Status
Bronco Drilling Company, Inc. Rig Supervisor, Safety Monitor Current

Organization Position Status
Bronco Drilling Company, Inc. Mechanical Superintendent Current

Organization Position Status
Bronco Drilling Company, Inc. Independent Auditor Current

Organization Position Status
Bronco Drilling Company, Inc. Rig Supervisor, Safety Monitor Current

Organization Position Status
Bronco Drilling Company, Inc. Rig Supervisor, Safety Monitor Current

Organization Position Status
Bronco Drilling Company, Inc. Rig Supervisor, Safety Monitor Current

Organization Position Status
Bronco Drilling Company, Inc. Rig Supervisor, Safety Monitor Current

Organization Position Status
Bronco Drilling Company, Inc. Current

Organization Position Status
Bronco Drilling Company, Inc. Rig Supervisor, Safety Monitor Current

Organization Position Status
Bronco Drilling Company, Inc. Rig Supervisor, Safety Monitor Current

Organization Position Status
Bronco Drilling Company, Inc. Rig Supervisor, Safety Monitor Current

Organization Position Status
Bronco Drilling Company, Inc. Rig Supervisor, Safety Monitor Current

Organization Position Status
Bronco Drilling Company, Inc. Chairman Current
Bronco Drilling Company, Inc. Board of Directors Current
Oklahoma State University Masters Degree In Accounting Former
Oklahoma State University Bachelor of Science Degree Former

David L. Houston has served as a director of our company since July 1998. Since 1991, Mr. Houston has been the principal of Houston & Associates, a firm that offers life and disability insurance, compensation and benefits plans and estate planning. Mr. Houston has served as a director of Bronco Drilling Company since May 2005. Mr. Houston is a nominee to serve as director of Windsor Energy Resources upon completion of its initial public offering. Windsor Energy Resources is indirectly controlled by Wexford Capital LLC and Bronco Drilling Company is a company in which Wexford Capital LLC beneficially owns approximately 47% of the outstanding shares of common stock. Prior to 1991, Mr. Houston was President and Chief Executive Officer of Equity Bank for Savings, F.A., an Oklahoma-based savings bank. Mr. Houston currently serves on the board of directors and executive committee of Deaconess Hospital, Oklahoma City, Oklahoma, and is the former chair of the Oklahoma State Ethics Commission and the Oklahoma League of Savings Institutions. Mr. Houston received a Bachelor of Science degree in business from Oklahoma State University and a graduate degree in banking from Louisiana State University.

Organization Position Status
Gulfport Energy Corporation Director of Our Company Current
Houston Associates, Inc. Principal Current
Wexford Capital LLC Director Current
Gulfport Energy Corporation Board of Directors Current
Bronco Drilling Company, Inc. Director Current
F&A Cheese Corporation Officer Former
Windsor Energy Resources, Inc Director Former
Louisiana State University Graduate Degree In Banking Former
Oklahoma State University Bachelor of Science Degree In Business Former

David W. House has served as a director of our company since September 2008. Mr. House served as the President of Primary Natural Resources, Inc. from 2004 to 2008, and as the Chief Financial Officer of Primary Natural Resources, Inc. from 2000 until being appointed its President. From 1996 to 2000, Mr. House served as Senior Vice President of El Paso Corporation’s Mid-Continent Gas Group. From 1979 to 1996, Mr. House served in various positions with Samson Resources Company, including Vice President of Administration and President of Premier Gas Company, a wholly owned subsidiary of Samson Resources Company. Mr. House previously served as an auditor with Arthur Young & Co., received a Bachelor of Science degree in Accounting from Harding University and is a licensed Certified Public Accountant.

Organization Position Status
Bronco Drilling Company, Inc. Board of Directors Current
Gulfport Energy Corporation Board of Directors Current
Arthur Young, Inc. Auditor Former
Louisiana State University Graduate Degree In Banking Former
Oklahoma State University Bachelor of Science Degree In Business Former
Harding University Bachelor of Science Degree In Accounting Former

Gary C. Hill has served as a director of our company since August 2006. Dr. Hill has served as the Chief of Surgery Service and Chief of Staff at Edmond Medical Center. He also has served as the President of the Edmond Medical Center Hospital Board. Dr. Hill served as the Chief of Surgery Service and Chief of Staff at St. Joseph’s Regional Hospital in Ponca City, Oklahoma. Dr. Hill is a graduate of Oklahoma State University, where he received his Bachelor of Arts in Humanities, and the University of Oklahoma Health Sciences Center. He served both his Surgery Internship and Residency in Otolaryngology, Head and Neck Surgery at the University of Texas Health Science Center, Parkland Hospital in Dallas before performing his Plastic and Reconstructive Surgery Residency at the University of Kansas Health Sciences Center in Kansas City. Dr. Hill is a native of Altus, Oklahoma.

Organization Position Status
Bronco Drilling Company, Inc. Board of Directors Current
The Regional Hospital Chief of Staff Former
Edmond Medical Center Chief of Surgery Former
Oklahoma State University Former
University of Oklahoma Health Sciences Center Former

Organization Position Status
Gulfport Energy Corporation Finance Executive Current
Wexford Capital LLC Current
Windsor Energy Resources, Inc Chairman of the Board Current
Bronco Drilling Company, Inc. Board of Directors Current
Windsor Energy Resources, Inc Board of Directors Current
Gulfport Energy Corporation Chief Executive Officer Former
Gulfport Energy Corporation President Former
Bronco Drilling Company, Inc. Chairman & COO Former
Gulfport Energy Corporation Chairman Former
Diamondback Energy Services, Inc. Chairman of the Board Former
Gulfport Energy Corporation Board of Directors Former
Oklahoma State University Bachelor of Science Degree In Education Former
advertisement
     BRNC $5.41 0.00 (0.00% )
Average Volume 423,647
Shares Outstanding 27.22M
Market Cap 147.2M
Year High 8.64
Year Low 3.34
Earnings Per Share -2.68
P/E Ratio -2.02
Dividend N/A
Yield N/A
advertisement