Forbes Energy Services Reports Selected Operating Data for August 2010

    
    ~ Rig hours up 53% year-over-year ~

    ~ Truck hours up 39% year-over-year ~





    
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<p>ALICE, Texas, <span class="xn-chron">Sept. 9</span> /CNW/ -- Forbes Energy Services Ltd. (TSX: FRB) today announced its rig and trucking hours for the month of <span class="xn-chron">August 2010</span>.</p>
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                                For the month ending
                                --------------------
                    August 31,       July 31,       August 31,
                        2010            2010            2009
                   -----------      ---------      -----------
    Working days             22             21               21
    Rig hours
      U.S.               26,985         25,629           16,749
      Mexico              6,480          5,904            5,136
                          -----          -----            -----
      Total rig
       hours             33,465         31,533           21,885
    
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    Truck hours          97,115         95,461           69,767


    
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<p><span class="xn-person">John Crisp</span>, Forbes Energy's President and Chief Executive Officer, commented, "We're continuing to see activity improve across all of our U.S. regions, especially in South Texas where our customers are giving us positive indications about additional demand in the coming months.  We anticipate continued strong activity through year end along with modest price improvements in selected areas in response to the increased demand and a more competitive labor market.</p>
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<p>"Our <span class="xn-location">Mexico</span> operation hours for the month of August were the highest produced by that location since we began operations.  Part of this is certainly the result of improved scheduling from our customer, improved weather, and fewer site access issues during the month, but we are pleased that our continual operations process improvements are also beginning to impact results."</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 <span class="xn-location">Mexico</span>.</p>
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    Forward-Looking Statements
    
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<p>This press release contains "forward-looking statements," as contemplated by the Private Securities Litigation Reform Act of 1995, in which the Company discusses factors it believes may affect its performance in the future. The accuracy of the Company's assumptions, expectations, beliefs and projections depend on events or conditions that change over time and are thus susceptible to change based on actual experience, new developments and known and unknown risks. The Company gives no assurance that the forward-looking statements will prove to be correct and does not undertake any duty to update them. The Company's actual future results might differ from the forward-looking statements made in this press release for a variety of reasons, which include: supply and demand for oilfield services and the level of oil and natural gas prices; the continued uncertainty in the global financial markets and its effect on domestic spending in the oil and natural gas industry; the Company's ability to maintain or improve pricing on its core services; the potential for excess capacity in the industry; competition and the ability to obtain additional cash resources through a financing or other permitted transaction. Should one or more of the foregoing risks or uncertainties materialize, or should the Company's underlying assumptions prove incorrect, the Company's actual results may vary materially from those anticipated in its forward-looking statements, and the Company's business, financial condition and results of operations could be materially and adversely affected.   Additional factors that you should consider are set forth in detail in the Risk Factors section of the Company's Annual Report on Form 10-K for the year ended <span class="xn-chron">December 31, 2009</span> (the "Form 10-K") as well as other filings the Company has made with the Securities and Exchange Commission.</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.