Forbes Energy Services Reports Selected Operating Data for June 2011

Rig hours in the Eagle Ford Shale continue to climb. Forbes Energy Services out of Canada recently entered the Bakken Shale, but reiterated its commitment to the active drilling area of the Eagle Ford Shale. Just another data point that shows the growing intensity of operations in South Texas.

Keep up with the rig count by following our Eagle Ford Rig Count Index that is released every Friday afternoon.

“John Crisp, Forbes Energy Services’ President and Chief Executive Officer, commented, ‘Oil and liquids directed activity in the Eagle Ford Shale and Permian Basin continue to drive growth, with a 24% increase in rig hours compared to the prior year period.  Trucking hours were up 34% versus the comparable period last year, although down slightly on a sequential basis.  The overall trajectory of fluid logistics work remains solidly positive, although we do experience variations from month to month as a result of the timing of large frac jobs.'” ‘Going forward, we will be looking at selective opportunities to deploy additional assets.  We are exploring the possibility of sending rigs to other geographic areas, including the Bakken Shale play in North Dakota.’ “

Read the full press release at

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Kenneth E. DuBose

Kenneth E. DuBose

Kenneth DuBose is the past President of Cheyenne Minerals Inc., an independent oil and gas operator. He began his energy industry career with ARCO Oil & Gas. Mr. DuBose then directed development of natural gas storage projects with Tejas Power Corp. He was a founding member of U.S. Minerals, (acquired by Torch Energy in 1999) a provider of internet based education for America’s mineral owners. Mr. DuBose holds a BS in Petroleum Engineering from Mississippi State University. He has served on various industry steering committees, non-profit boards, and is an active member of the Society of Petroleum Engineers, the National Association of Royalty Owners, the American Association of Professional Landmen, as well as being a Registered Investment Advisor. He writes on topics of oil and gas investing, wealth management and personal finance, having appeared in the Wall Street Journal, Kiplinger’s, Kiplinger’s Personal Finance, Houston Business Journal, Financial Advisor and various radio and TV outlets.