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 HarrisonNumber of Employees 1,059
Contact Information
14313 N May Ave Ste 100
Oklahoma City, Oklahoma 73134
1 405 242 4444
Peer Companies
NAICS Code Drilling Oil and Gas Wells: 213111
Recent Events
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Pritchard Capital Upgrades Bronco Drilling Company BRNC to Neutral
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Bronco Drilling has loss for third-quarter
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BRIEF-RESEARCH ALERT-UBS raises Basic Energy, Bronco Drilling to neutral
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UPDATE 1-Jefferies raises Bronco Drilling to hold
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Bronco Drilling BRNC Enters into a Joint Venture with CICSA and $75 Million Revolving Credit...
News & Analysis
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bronco drilling co. inc. - All News and Analysis
Buy Bronco Drilling on Continental Resources Rig Expansion Plan
Stone Fox Capital submits: Continental Resources CLR announced early today a huge expansion in their drilling plans for the Bakken Shale in the Montana and North Dakota area. Forbes.com has some info about the move. Basically CLR had originally expected to end 2009 with 6 rigs working, but now they...
Bronco Drilling Short Base Rises Sharply Against Analyst Upgrades
Jessica Johnson submits: Bronco Drilling Company BRNC, service provider to E&P [exploration and production] companies, has been upgraded by three different analysts since the beginning of October. The share price has risen steadily through most of that period but has recently become more volatile. The short interest has risen...
Bronco Drilling Co. Q4 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions. Our first question comes from the line of Joe Agular from Johnson Rice & Company. Joe Agular - Johnson Rice & Company Thanks. This is Joe Agular, Johnson Rice. D. Frank Harrison Hi, Joe. Joe Agular - Johnson Rice & Company Hey. Could you give...
Bronco Drilling Co. Inc. Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Your first question will come from the line of John Fitzgerald with Raymond James. Please proceed. John Fitzgerald - Raymond James Good morning, guys. Frank Harrison Good morning. Zach Graves Good morning. John Fitzgerald - Raymond James You mentioned that the $9 million of charges...
Carlos Slim Discloses Stake in Bronco Drilling
Market Folly submits: In a 13G filed with the SEC recently, Mexican businessman Carlos Slim has disclosed a 7.64% ownership stake in Bronco Drilling BRNC. He now owns 2,200,000 shares of the company. Carlos Slim is a well-known Mexican businessman who amassed his wealth through telecom. He is known...
Allis-Chalmers Energy and Bronco Drilling Company Set Record Dates for Stockholders Meetings on Pending Merger
HOUSTON & EDMOND, Okla. -- Allis-Chalmers Energy Inc. (NYSE:ALY) and Bronco Drilling Company, Inc. (NASDAQ/GM:BRNC) announced today that they each have set record dates for their respective special meetings of stockholders relating to the amended merger agreement providing for the acquisition of Bronco Drilling Company, Inc. by Allis-Chalmers Energy Inc....
Bronco Drilling Company, Inc. Announces First Quarter Results
OKLAHOMA CITY -- Bronco Drilling Company, Inc., (NASDAQ: BRNC), announced today financial and operational results for the three months ended March 31, 2008. Consolidated Results Revenues for the first quarter of 2008 were $62.3 million compared to $69.0 million for the fourth quarter of 2007 and $78.9 million...
Bronco Drilling Company, Inc. Announces Monthly Operating Results
OKLAHOMA CITY -- Bronco Drilling Company, Inc. (Nasdaq/GM:BRNC) announced today operational results for the month ended and as of March 31, 2008. Utilization for the Company's drilling fleet was 74% for the month of March compared to 70% for the previous month and 73% for the fourth quarter of...
Bronco Drilling Company, Inc. Announces Monthly Operating Results
OKLAHOMA CITY -- Bronco Drilling Company, Inc., (Nasdaq/GM:BRNC), announced today operational results for the month ended and as of February 29, 2008. Utilization for the Company's drilling fleet was 70% for the month of February compared to 64% for the previous month and 73% for the fourth quarter of...
Bronco Drilling Company, Inc. Announces Fourth Quarter and Fiscal Year 2007 Results
OKLAHOMA CITY -- Bronco Drilling Company, Inc., (Nasdaq/GM:BRNC), announced today financial and operational results for the three months and year ended December 31, 2007. Revenues for the fourth quarter of 2007 were $69.0 million compared to $76.3 million for the third quarter of 2007 and $82.5 million for the...
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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 |
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