Forbes Energy Services Reports Selected Operating Data for January 2010

    



    
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<p>ALICE, Texas, <chron>Feb. 10</chron> /CNW/ -- Forbes Energy Services Ltd. (TSX: FRB) today announced its rig and trucking hours billed for the month of <chron>January 2010</chron>.</p>
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                                        For the month ending
                                        --------------------
                      January 31, 2010   December 31, 2009   January 31, 2009
                      ----------------   -----------------   ----------------
    Working days              20                   20                21
    Rig hours
      U.S.                19,962               18,296            26,016
      Mexico               6,360                5,976                 -
                           -----                -----               ---
      Total rig hours     26,322               24,272            26,016
    
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    Truck hours           83,625               78,130            89,383

    
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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><person>John Crisp</person>, Forbes Energy's President and Chief Executive Officer, commented, "We're pleased to report that the new year has seen a continuation of the recent upward trend in rig and truck hours.  Based on industry trends and conversations with customers, we expect to see gradual improvement throughout 2010, driven largely by oil related activity and the growth of the Eagle Ford Shale play in South Texas."</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 <location>Mexico</location>.</p>
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    Contacts:     Forbes Energy Services Ltd.
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                  L. Melvin Cooper, SVP & CFO
                  361-664-0549
    
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                  DRG&E
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                  Ken Dennard, Managing Partner
                  Ben Burnham, AVP
                  713-529-6600





    

For further information: L. Melvin Cooper, SVP & CFO of Forbes Energy Services Ltd., [phone]; or Ken Dennard, Managing Partner, or Ben Burnham, AVP, both of DRG&E, [phone], for Forbes Energy Services Ltd.