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Basic Energy Services Reports Selected Operating Data for October 2006

MIDLAND, Texas, Nov. 9 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of October 2006.

Basic added five newbuild rigs to its fleet, increasing its well servicing rig count to 362 as of October 31, 2006. Rig hours for the month of October 2006 were 78,900, producing a rig utilization rate of 91.0%, a decrease from 92.2% during the same month in 2005. As Basic has expanded geographically, a higher proportion of its rigs were operating in the Rocky Mountain states and Gulf Coast markets, which historically have lower utilization levels, resulting in a modest year-over-year decline in utilization.

Basic also increased its fluid service truck fleet by a net of two trucks, bringing its total to 637 trucks as of October 31, 2006.

                                OPERATING DATA

                                               October 31,       September 30,
                                            2006        2005         2006

    Number of weekdays in period             22          21           21

    Number of well servicing rigs: (1)
      Weighted average for period           358         313          356
      End of period                         362         313          357

      Rig hours (000s)                     78.9        66.7         74.8
      Rig utilization rate (2)            91.0%       92.2%        90.9%

    Number of fluid service trucks:
      Weighted average for period           636         465          632
      End of period                         637         468          635

     (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 approximately 4,000 employees in more than 100 service points throughout the major oil and gas producing 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.

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