Allis-Chalmers Energy and Bronco Drilling Company Set Record Dates for Stockholders Meetings on Pending Merger

Business Wire, June 26, 2008

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. The amended merger agreement, which was previously announced on June 2, 2008, provides that at the effective time of the merger, stockholders of Bronco Drilling will receive aggregate merger consideration comprised of (a) $200 million in cash and (b) 16,846,500 shares of Allis-Chalmers common stock.

Allis-Chalmers plans to submit the issuance of Allis-Chalmers common stock in the merger to the stockholders of Allis-Chalmers for approval at a special meeting of stockholders to be held on a date still to be determined and announced. The Allis-Chalmers board of directors has set a record date of June 30, 2008 for this special meeting of stockholders.

Bronco plans to submit the amended merger agreement to the stockholders of Bronco for adoption at a special meeting of stockholders to be held on a date still to be determined and announced. Bronco has set a record date of June 30, 2008 for this special meeting of stockholders.

About Allis-Chalmers Energy Inc.

Allis-Chalmers Energy Inc. is a Houston-based multi-faceted oilfield company. It provides services and equipment to oil and natural gas exploration and production companies, domestically primarily in Texas, Louisiana, New Mexico, Colorado, Oklahoma, Mississippi, Wyoming, Arkansas, West Virginia, offshore in the Gulf of Mexico, and internationally primarily in Argentina and Mexico. Allis-Chalmers provides rental services, international drilling, directional drilling, tubular services, underbalanced drilling, and production services. Allis-Chalmers' common stock is traded on the New York Stock Exchange under the symbol "ALY." For more information about Allis-Chalmers Energy Inc., visit its website at www.alchenergy.com or request future press releases via email at http://www.b2i.us/irpass.asp?BzID=1233&to=ea&s=0.

About Bronco Drilling Company, Inc.

Bronco Drilling Company, Inc. is a publicly held company headquartered in Edmond, Oklahoma, and is a provider of contract land drilling and workover services to oil and natural gas exploration and production companies. Bronco Drilling's common stock is quoted on The NASDAQ Global Market under the symbol "BRNC". For more information about Bronco Drilling Company, Inc., visit its website at www.broncodrill.com.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934 regarding the acquisition of Bronco Drilling by Allis-Chalmers. Words such as expects, anticipates, intends, plans, believes, seeks, estimates and similar expressions or variations of such words are intended to identify forward-looking statements, but are not the exclusive means of identifying forward-looking statements in this press release.

Although forward-looking statements in this press release reflect the good faith judgment of management, such statements can only be based on facts and factors currently known to management. Consequently, forward-looking statements are inherently subject to risks and uncertainties, and actual results and outcomes may differ materially from the results and outcomes discussed in the forward-looking statements. Factors that could cause or contribute to such differences in results and outcomes include, but are not limited to, demand for oil and natural gas drilling services in the areas and markets in which the companies operate, competition, obsolescence of products and services, the ability to obtain financing to support operations, environmental and other casualty risks, and the effect of government regulation. Further information about the risks and uncertainties that may affect Allis-Chalmers and Bronco Drilling are set forth in their most recent respective filings on Form 10-K, as amended, (including without limitation in the "Risk Factors" sections thereof) and in other filings with the Securities and Exchange Commission (the "SEC") and publicly available documents. Readers are urged not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Neither Allis-Chalmers nor Bronco Drilling undertake any obligation to revise or update any forward-looking statements in order to reflect any event or circumstance that may arise after the date of this press release.

Important Information

In connection with the proposed transaction, Allis-Chalmers and Bronco Drilling have filed a preliminary joint proxy statement/prospectus and both companies have filed and will file other relevant documents concerning the proposed merger transaction, including an amendment to the preliminary joint proxy statement/prospectus reflecting the terms of the amendment to the merger agreement, with the SEC. INVESTORS ARE URGED TO READ THE JOINT PROXY STATEMENT/PROSPECTUS, AND ANY OTHER RELEVANT DOCUMENTS FILED WITH THE SEC, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION REGARDING THE MERGER. Investors and security holders may obtain a free copy of the definitive joint proxy statement/prospectus (when available) and the other documents free of charge at the website maintained by the SEC at www.sec.gov.