Press Release

View printer-friendly version

<< Back

Basic Energy Services Reports Selected Operating Data for February 2006

MIDLAND, Texas, March 17, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services, Inc. (NYSE: BAS) today reported selected operating data for the month of February 2006. During the month, Basic added three newbuild rigs, bringing its well servicing rig count to 327 as of February 28, 2006. Rig hours for the month of February 2006 were 66,000, reflecting a rig utilization rate of 92.0%, an increase from 86.6% in the same month last year.

OPERATING DATA

                                                 Month ended
                                          February 28,  January 31,
                                          2006    2005     2006

    Number of well servicing rigs: (A)
      Weighted average for period          326     291      324
      End of period                        327     292      324

      Rig hours (000s)                    66.0    55.4     66.9
      Rig utilization rate (B)            92.0%   86.6%    86.6%

    Number of fluid service trucks:
      Weighted average for period          543     435      479
      End of period                        548     440      538

     (A)  Includes all rigs owned during periods presented and excludes rigs
          held for sale.
     (B)  Rig utilization rate based on the weighted average number of rigs
          owned during the periods being reported and a 55-hour work week per
          rig.

Basic Energy Services, with a fleet of more than 320 well servicing rigs, provides a range of well site services to oil and gas drilling and producing companies throughout the major oil and gas regions in Texas, Louisiana, Oklahoma, New Mexico and the Rocky Mountain States.

Contacts: Alan Krenek, Chief Financial Officer
Basic Energy Services, Inc.
432-620-5516

Jack Lascar/Sheila Stuewe
DRG&E / 713-529-6600

SOURCE Basic Energy Services, Inc.

Basic Energy Services © 2019