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.
Jack Lascar/Sheila Stuewe
DRG&E / 713-529-6600
SOURCE Basic Energy Services, Inc.