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Basic Energy Services Reports Selected Operating Data for March 2007

MIDLAND, Texas, April 11 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of March 2007.

During the month, Basic added three newbuild rigs and retired two rigs, increasing its well servicing rig count to 369 as of March 31, 2007. Rig hours for the month of March 2007 were 75,900 producing a rig utilization rate of 85.0%, an increase from 83.9% in the prior month and a decrease from 91.3% during the same month in 2006.

Rig hours in March increased compared to the month of February due to two additional weekdays in the month, increased available daylight working hours, more favorable weather and the net addition of two rigs to the fleet. The utilization rate in March reflects strong demand for well servicing rigs with the improvement over the prior month primarily the result of the increasing daylight hours and more favorable weather.

Somewhat weaker market conditions and one less week day in the current month offset the growth in the fleet resulting in essentially flat rig hours compared to the same month in the prior year. The utilization rate of 85% in March of 2007 is significantly less than the extremely strong utilization recorded in the same month in 2006 reflecting moderating oil and gas prices and less favorable weather conditions in the current period.

Basic also increased its fluid service truck fleet by a net of one truck, bringing its total to 656 trucks as of March 31, 2007.

                                OPERATING DATA

                                                      Month ended
                                                 March 31,       February 28,
                                             2007        2006        2007

    Number of weekdays in period               22          23          20

    Number of well servicing rigs: (1)
      Weighted average for period             369         330         367
      End of period                           369         332         368

      Rig hours (000s)                       75.9        76.2        67.8
      Rig utilization rate (2)              85.0%       91.3%       83.9%

    Number of fluid service trucks:
      Weighted average for period             656         551         654
      End of period                           656         554         655

     (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 4,100 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 .

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:

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