Press Release

View printer-friendly version

<< Back

Basic Energy Services Reports Selected Operating Data for March 2006

MIDLAND, Texas, April 12, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services, Inc. (NYSE: BAS) today reported selected operating data for the month of March 2006. During the month, Basic added five newbuild rigs, bringing its well servicing rig count to 332 as of March 31, 2006. Rig hours for the month of March 2006 were 76,200, reflecting a rig utilization rate of 91.3%, an increase from 84.4% in the same month last year.

OPERATING DATA

                                                       Month ended
                                                  March 31,       February 28,
                                              2006        2005        2006

    Number of well servicing rigs: (A)
      Weighted average for period               330         295         326
      End of period                             332         298         327

      Rig hours (000s)                         76.2        63.0          66
      Rig utilization rate (B)                91.3%       84.4%       92.0%

    Number of fluid service trucks:
      Weighted average for period               551         438         543
      End of period                             554         436         548

     (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 330 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