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Basic Energy Services Reports Selected Operating Data for July 2006

MIDLAND, Texas, Aug. 10 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) (Basic) today reported selected operating data for the month of July 2006. During the month, Basic acquired six rigs in conjunction with the Hennessey Rental Tools, Inc. acquisition and retired two rigs, increasing its well servicing rig count to 352 as of July 31, 2006. The Company will take delivery of its next newbuild well servicing rigs in September 2006. Rig hours for the month of July 2006 were 71,400, reflecting a rig utilization rate of 89.1%, an increase from 84.5% in the same month last year. The decline in rig utilization from the prior month was mainly the result of the July 4th holiday. The Company also added a net of eight new fluid service trucks, resulting in a total of 600 fluid service trucks as of July 31, 2006.



                                OPERATING DATA

                                                       Month ended
                                               July 31,              June 30,
                                         2006            2005          2006

    Number of weekdays in period           21              21            22

    Number of well servicing rigs: (1)
      Weighted average for period         347             309           348
      End of period (2)                   352             309           348

      Rig hours (000s)                   71.4            60.3          78.6
      Rig utilization rate (3)           89.1%           84.5%         93.4%

    Number of fluid service trucks:
      Weighted average for period         596             457           586
      End of period                       600             461           592

    (1)  Includes all rigs owned during periods presented and excludes rigs
         held for sale.
    (2)  Includes six rigs from the Hennessey Rental Tools, Inc. acquisition
         on July 31, 2006.
    (3)  Rig utilization rate based on the weighted average number of rigs
         owned during the periods being reported, a 55-hour work week
         per rig and the number of weekdays in the periods being presented.

Basic Energy Services, with a fleet of more than 350 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.
                432-620-5510

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


SOURCE  Basic Energy Services, Inc.
    -0-                             08/10/2006
    /CONTACT:  Alan Krenek, Chief Financial Officer of Basic Energy Services,
Inc., +1-432-620-5510; or Jack Lascar or Sheila Stuewe, both of DRG&E,
+1-713-529-6600, for Basic Energy Services, Inc./
    CO:  Basic Energy Services, Inc.; Hennessey Rental Tools, Inc.
ST:  Texas
IN:  OIL
SU:

AW-CT
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7733 08/10/2006 16:31 EDT http://www.prnewswire.com
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