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Basic Energy Services Reports Selected Operating Data for July 2008

MIDLAND, Texas, Aug. 7 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of July 2008. During the month, Basic added two newbuild rigs increasing its well servicing rig count to 411 as of July 31, 2008. Rig hours for the month of July 2008 were 80,200 producing a rig utilization rate of 77%, a decrease from 79% last month and 78% in July 2007.

Drilling rig days for the month of July 2008 were 240 producing a rig utilization rate of 86%, an increase from 83% last month and a decrease from 88% in July 2007.

As of July 31, 2008, Basic's fluid services truck fleet totaled 679 trucks, a net increase of one truck from the prior month.

Ken Huseman, Basic's President and Chief Executive Officer, stated, "The apparent decline in July's well servicing utilization rate compared to June was caused entirely by the July 4th holiday which we estimate reduced our utilization rate by three to four percentage points. Steady and improving utilization in our well servicing segment is a good indicator of the strong demand we are experiencing across all our service lines and geographic markets."


                                OPERATING DATA

                                                       Month ended
                                                   July 31,          June 30,
                                               2008        2007        2008

    Number of weekdays in period                 23          22          21

    Number of well servicing rigs:(1)
      Weighted average for period               410         381         408
      End of period                             411         383         409
      Rig hours (000s)                         80.2        72.2        74.2
      Rig utilization rate(2)                   77%         78%         79%

    Number of drilling rigs:(1)
      Weighted average for period                 9           9           9
      End of period                               9           9           9
      Drilling rig days                         240         245         224
      Drilling utilization                      86%         88%         83%

    Number of fluid service trucks:
      Weighted average for period               679         653         677
      End of period                             679         647         678

    (1) Includes all rigs owned during periods presented and excludes rigs
        held for sale.
    (2) 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 provides well site services essential to maintaining production from the oil and gas wells within its operating area. The company employs more than 4,700 employees in more than 100 service points throughout the major oil and gas producing regions in Texas, Louisiana, Oklahoma, New Mexico, Arkansas, Kansas and the Rocky Mountain States.

Additional information on Basic Energy Services is available on the Company's website at http://basicenergyservices.com.

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.

Web site: http://basicenergyservices.com
(BAS)

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