Basic Energy Services Inc.

About

Basic Energy Services provides wellsite services essential to maintaining production from the oil and gas wells within its operating areas. The Company’s operations are managed regionally and are concentrated in major United States onshore oil-producing regions located in Texas, New Mexico, Oklahoma, Arkansas, Kansas, Louisiana, Wyoming, North Dakota, California and Colorado. Our operations are focused in liquids-rich basins that have historically exhibited strong drilling and production economics in recent years with a significant presence in the Permian Basin, Powder River Basin and the Bakken, Eagle Ford and Denver-Julesburg shales. We provide our services to a diverse group of over 2,000 oil and gas companies.

Editor's note: Updated Dec. 13, 2019.

Headquarters Address

801 Cherry Street, Suite 2100
Fort Worth, TX 76102
United States

Main Phone Number

New Financings

Report Date Type Amount (MM) Description
2018-09-25 Basic Energy Services Inc. Debt $300.00

Has priced its previously announced offering of $300 million aggregate principal amount of 10.75% senior…

Report Date Type Amount (MM) Description
2012-10-19 Basic Energy Services Inc. - 2012-10-19 Debt $7.70

Will redeem its 7.125% senior notes. The Bank of New York Mellon Trust Co. NA is the trustee under the…

Report Date Type Amount (MM) Description
2011-07-28 Basic Energy Services Inc. - 2011-07-28 Equity $162.50

The company reported the pricing of a secondary public offering of 5,000,000 shares of common stock owned…

Report Date Type Amount (MM) Description
2011-07-25 Basic Energy Services Inc. - 2011-07-25 Equity $322.20

The company reported the commencement of a secondary public offering of 9,000,000 shares of common stock…

Report Date Type Amount (MM) Description
2011-06-08 Basic Energy Services Inc. - 2011-06-08 Debt $175.00

The company has commenced an offering, through a Rule 144A private placement, of up to $175 million of…

News

Houston-based Ranger Energy Services beat out the original stalking-horse bidder for the acquisition of Basic’s well servicing and…

The transaction provides a growth opportunity for the E&P operator to play a larger role in plugging and decommissioning the…

Fort Worth, Texas-based oilfield service provider Basic Energy Services agreed to the sale of certain noncore assets on April 27,…

David Schorlemer will exit his role as CFO in order to pursue other interests, Basic Energy Services said on Sept. 30.

Similar to its peers in the service sector, Basic Energy Services has made moves over the past several months to protect its balance…

Transactions

Report Date Amount (MM) Description
2021-10-01 $36.65

Basic Energy Services Names Bankruptcy Auction Winners Including Houston’s Ranger

Basic Energy Services Names Bankruptcy Auction Winners Including Houston’s Ranger

Report Date Amount (MM) Description
2021-09-16 $20.00

Select Energy Services to Acquire Basic’s Water Logistics Segment

Select Energy Services to Acquire Basic’s Water Logistics Segment

Report Date Amount (MM) Description
2021-09-16 $43.00

Berry to Acquire Basic Energy Services’ California Business in Bankruptcy Auction

Berry to Acquire Basic Energy Services’ California Business in Bankruptcy Auction

Report Date Amount (MM) Description
2021-08-17

Basic Energy Services Sells Remaining Assets to Axis Energy Services

Basic Energy Services Sells Remaining Assets to Axis Energy Services

Report Date Amount (MM) Description
2021-04-27 $8.30

Basic Energy Services to Sell Noncore Assets Following Missed Debt Payment

Basic Energy Services to Sell Noncore Assets Following Missed Debt Payment