Second quarter revenue up 22% sequentially
MIDLAND, Texas, July 27, 2010 /PRNewswire via COMTEX/ --Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results for the second quarter and six months ended June 30, 2010.
Basic generated revenue of $175.1 million during the second quarter of 2010, up 22% from $143.0 million in the first quarter of 2010, and rising 47% from the $118.8 million reported in the second quarter of 2009. For the second quar...
MIDLAND, Texas, July 6, 2010 /PRNewswire via COMTEX/ --Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of June 2010. During the month, Basic's well servicing rig count remained the same at 404 as of June 30, 2010. Well servicing rig hours for the month of June 2010 were 53,400, producing a rig utilization rate of 55%, an increase from 53% and 39% for May 2010 and June 2009, respectively.
Drilling rig days for the month of June 2010 we...
MIDLAND, Texas, July 6, 2010 /PRNewswire via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today it will release its 2010 second quarter results after the market closes on Tuesday, July 27, 2010. In conjunction with the release, Basic has scheduled a conference call that will be broadcast live over the Internet on Wednesday, July 28, 2010, starting at 9:00 a.m. Eastern Time (8:00 a.m. Central).
What: Basic Energy Services Second Quarter 2010 Earnings Conference ...
MIDLAND, Texas, June 7, 2010 /PRNewswire via COMTEX/ --Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of May 2010. During the month, Basic's well servicing rig count remained the same at 404 as of May 31, 2010. Well servicing rig hours for the month of May 2010 were 49,900, producing a rig utilization rate of 53%, an increase from 52% and 37% for April 2010 and May 2009, respectively.
Drilling rig days for the month of May 2010 were 182, ...
MIDLAND, Texas, May 24, 2010 /PRNewswire via COMTEX/ --Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the UBS Global Oil and Gas Conference to be held in Austin, Texas May 26 - 27, 2010.
Ken Huseman, President and Chief Executive Officer, is scheduled to present on Wednesday, May 26, 2010, at approximately 11.55 a.m. Central Time. The slide presentation and a link to a live audio webcast will be available in the Investor Relations section of Basi...
MIDLAND, Texas, May 10, 2010 /PRNewswire via COMTEX/ --Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of April 2010. During the month, Basic's well servicing rig count remained unchanged at 404 as of April 30, 2010. Well servicing rig hours for the month of April 2010 were 50,600 producing a rig utilization rate of 52%, a decrease from 53% in March 2010 and an increase from 37% in April 2009.
Drilling rig days for the month of April 20...
First quarter revenue up 12% sequentially
MIDLAND, Texas, April 27, 2010 /PRNewswire via COMTEX/ --Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results for the first quarter ended March 31, 2010.
Basic generated revenue of $143.0 million during the first quarter of 2010, up 12% from $128.1 million in the fourth quarter of 2009, and down 8% from the $154.7 million reported in the first quarter of 2009. For the first quarter of 2010, Basic repor...
MIDLAND, Texas, April 8, 2010 /PRNewswire via COMTEX/ --Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of March 2010. During the month, Basic's well servicing rig count decreased by one rig to 404 as of March 31, 2010. Well servicing rig hours for the month of March 2010 were 54,200, producing a rig utilization rate of 53%, an increase from 47% and 41% for February 2010 and March 2009, respectively.
Drilling rig days for the month of Marc...
MIDLAND, Texas, April 7, 2010 /PRNewswire via COMTEX/ --Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today it will release its 2010 first quarter results after the market closes on Tuesday, April 27, 2010. In conjunction with the release, Basic has scheduled a conference call that will be broadcast live over the Internet on Wednesday, April 28, 2010, starting at 9:00 a.m. Eastern Time (8:00 a.m. Central).
What: Basic Energy Services First Quarter 2010 Earnings Conferenc...
MIDLAND, Texas, April 6, 2010 /PRNewswire via COMTEX/ --Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the IPAA Oil & Gas Investment Symposium New York to be held on April 12 - 14, 2010.
Ken Huseman, President and Chief Executive Officer, is scheduled to present on Wednesday, April 14, 2010, at approximately 11:40 a.m. Eastern Time. A link to a live audio webcast will be available in the Investor Relations section of Basic's website at http:/...
MIDLAND, Texas, March 9, 2010 /PRNewswire via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of February 2010. During the month, Basic's well servicing rig count remained unchanged at 405 as of February 28, 2010. Well servicing rig hours for the month of February 2010 were 41,700 producing a rig utilization rate of 47%, an increase from 43% and 46% in January 2010 and February 2009, respectively.
Drilling rig days for the month...
MIDLAND, Texas, March 4, 2010 /PRNewswire via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the Raymond James & Associates 31st Annual Institutional Investor Conference to be held in Orlando, Florida on March 7 - 10, 2010.
Ken Huseman, President and Chief Executive Officer, is scheduled to present on Wednesday, March 10, 2010, at approximately 1:40 p.m. Eastern Time. The slide presentation and a link to a live audio webcast will b...
MIDLAND, Texas, Feb 23, 2010 /PRNewswire via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results for the fourth quarter and twelve months ended December 31, 2009.
Basic generated revenue of $128.1 million during the fourth quarter of 2009, up 3% from $125.0 million in the third quarter of 2009, and down from the $246.0 million reported in the fourth quarter of 2008. For the fourth quarter of 2009, Basic reported a net loss of $24.2 m...
MIDLAND, Texas, Feb 12, 2010 /PRNewswire via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of January 2010. During the month, Basic's well servicing rig count remained unchanged at 405 as of January 31, 2010. Well servicing rig hours for the month of January 2010 were 39,800, producing a rig utilization rate of 43%, an increase from 39% in December 2009 and a decrease from 49% recorded in January 2009.
Drilling rig days for t...
MIDLAND, Texas, Feb 02, 2010 /PRNewswire via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today it will release its 2009 fourth quarter and year end results after the market closes on Tuesday, February 23, 2010. In conjunction with the release, Basic has scheduled a conference call that will be broadcast live over the Internet on Wednesday, February 24, 2010, starting at 9:00 a.m. Eastern Time (8:00 a.m. Central).
What: Basic Energy Services Fourth Quarter 200...
MIDLAND, Texas, Jan 06, 2010 /PRNewswire via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of December 2009. During the month, Basic added four newbuild well servicing rigs and retired 12 rigs, decreasing its well servicing rig count to 405 as of December 31, 2009. Well servicing rig hours for the month of December 2009 were 39,100 producing a rig utilization rate of 39%, a decrease from 41% and 51% recorded in November 2009 and...
MIDLAND, Texas, Dec 30, 2009 /PRNewswire-FirstCall via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the Pritchard Capital Seventh Annual Energize Conference to be held in San Francisco, California on January 6 - 8, 2010.
Ken Huseman, President and Chief Executive Officer, and Alan Krenek, Senior Vice President and Chief Financial Officer are scheduled to present on Thursday, January 7, 2010, at approximately 2:25 p.m. Pacific Time (5...
MIDLAND, Texas, Dec. 8 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of November 2009. Basic's well servicing rig count was 413 as of November 30, 2009, one less than at the end of last month, due to the retirement of a rig. Well servicing rig hours for the month of November 2009 were 39,200 producing a rig utilization rate of 41%, the same rate recorded in October of 2009 and a decrease from 59% in November 2...
MIDLAND, Texas, Nov. 25 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that it has closed the exchange offer relating to its 11.625% Senior Secured Notes due 2014. Basic's offer to exchange up to $225,000,000 aggregate principal amount of its 11.625% Senior Secured Notes due 2014, Series A (the "Old Notes") that were not registered under the Securities Act of 1933, as amended (the "Securities Act"), for an equal principal amount of its 11.625% Senior Sec...
MIDLAND, Texas, Nov. 24 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the Bank of America Merrill Lynch Credit Conference to be held in New York City on December 2 and 3, 2009.
Alan Krenek, the Company's Senior Vice President - Chief Financial Officer and Treasurer is scheduled to present on Thursday, December 3, 2009, at 10:50 a.m. Eastern Time. The presentation will be broadcast live online in the Investor Rel...
MIDLAND, Texas, Nov. 11 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of October 2009. During the month, Basic's well servicing rig count remained unchanged at 414 as of October 31, 2009. Well servicing rig hours for the month of October 2009 were 41,200 producing a rig utilization rate of 41%, the same rate recorded in September of 2009 and a decrease from 72% in October 2008.
Drilling rig days for the...
MIDLAND, Texas, Nov. 11 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the Bank of America Merrill Lynch Energy Conference to be held in New York City on November 17 and 18, 2009.
Ken Huseman, the Company's President and Chief Executive Officer, is scheduled to present on Wednesday, November 18, 2009, at 3:10 p.m. Eastern Time. The presentation will be broadcast live online in the Investor Relations section of Bas...
MIDLAND, Texas, Oct. 28 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results for the third quarter and nine months ended September 30, 2009.
Basic generated revenue of $125.0 million during the third quarter of 2009, up 5% from $118.8 million in the second quarter of 2009, and down from the $277.6 million reported in the third quarter of 2008. For the third quarter of 2009, Basic generated a net loss of $23.1 million, ...
MIDLAND, Texas, Oct. 15 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today it will release its 2009 third quarter and year-to-date results after the market closes on Wednesday, October 28, 2009. In conjunction with the release, Basic has scheduled a conference call that will be broadcast live over the Internet on Thursday, October 29, 2009, starting at 9:00 a.m. Eastern Time (8:00 a.m. Central).
What:...
MIDLAND, Texas, Oct. 13 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of September 2009. During the month, Basic's well servicing rig count remained unchanged at 414 as of September 30, 2009. Well servicing rig hours for the month of September 2009 were 41,300 producing a rig utilization rate of 41%, a decrease from 43% and 75% in August 2009 and September 2008, respectively.
Drilling rig days f...
MIDLAND, Texas, Sept. 23 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the Deutsche Bank 17th Annual Leveraged Finance Conference to be held in Scottsdale, Arizona on September 29th to October 1st, 2009.
Ken Huseman, the Company's President and Chief Executive Officer, is scheduled to present on Wednesday, September 30, 2009, at 2:50 p.m. Mountain Time (4:50 p.m. Eastern Time). The presentation will be broadcast...
MIDLAND, Texas, Sept. 9 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of August 2009. During the month, Basic's well servicing rig count remained unchanged at 414. Well servicing rig hours for the month of August 2009 were 41,400 producing a rig utilization rate of 43%, an increase from 38% in July 2009 and a decrease from 82% in August 2008.
Drilling rig days for the month of August 2009 were 146 produci...
MIDLAND, Texas, Sept. 1 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the Barclays 2009 CEO Energy/Power Conference to be held in New York City on September 9 - 10, 2009.
Ken Huseman, the Company's President and Chief Executive Officer, is scheduled to present on Thursday, September 10, 2009, at 12:25 p.m. Eastern Time. The presentation will be broadcast live online in the Investor Relations section of Basic's...
MIDLAND, Texas, Aug 11, 2009 /PRNewswire-FirstCall via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of July 2009. As of July 31, 2009, Basic's well servicing rig count remained unchanged at 414. Well servicing rig hours for the month were 40,200 producing a rig utilization rate of 38%, a decrease from 39% and 77% in June 2009 and July 2008, respectively.
Drilling rig days for the month were 126 producing a rig utilization of...
MIDLAND, Texas, July 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results for the second quarter and six months ended June 30, 2009.
Basic reported a net loss of $21.2 million, or $0.54 per diluted share for the second quarter of 2009 on revenues of $118.8 million. In the comparable quarter last year, Basic reported net income of $18.7 million, or $0.45 per diluted share, on revenues of $251.5 million...
MIDLAND, Texas, July 23, 2009 /PRNewswire-FirstCall via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that it has priced a private offering of $225 million of Senior Secured Notes due 2014, which will bear interest at a rate of 11.625% per annum. The notes are being sold at 94.621% of their face amount. Basic Energy Services expects to close the sale of the notes July 31, 2009, subject to the satisfaction of customary closing conditions. Basic Energy Services intends to use...
MIDLAND, Texas, July 22, 2009 /PRNewswire-FirstCall via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today it expects to report unaudited second quarter of 2009 financial results for key metrics within the following ranges:
- Revenue of $118.0 million to $119.0 million;
- Operating loss of $28.9 million to $29.9 million;
- Net loss of $21.1 million to $22.1 million; and
- EBITDA* of $2.7 million to $3.3 million.
Although final result...
MIDLAND, Texas, July 22, 2009 /PRNewswire-FirstCall via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that it has commenced an offering, through a Rule 144A private placement, of up to $225 million of Senior Secured Notes due 2014. Basic Energy Services intends to use the net proceeds from the proposed offering, together with cash on hand if necessary, to repay all outstanding indebtedness under its revolving credit facility.
The notes are being offered inside the United S...
MIDLAND, Texas, July 7 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its 2009 second
quarter and year-to-date results after the market closes on Wednesday, July
29, 2009. In conjunction with the release, Basic has scheduled a conference
call that will be broadcast live over the Internet on Thursday, July 30, 2009,
starting at 9:00 a.m. Eastern Time (8:00 a.m. Central).
What: Basic Energy Services Second Quarter 200...
MIDLAND, Texas, July 6 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of June 2009. The well servicing rig count was unchanged at 414 as of
June 30, 2009. Well servicing rig hours for the month of June 2009 were
38,900, producing a rig utilization rate of 39%, an increase from 37% in May
2009 and down from 79% in June 2008.
Drilling rig days for the month of June 2009 were 112 producing a rig
utili...
MIDLAND, Texas, July 6 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that it has commenced an offering, through a
Rule 144A private placement, of $225 million of Senior Notes due 2017. Basic
Energy Services intends to use a portion of the net proceeds from the proposed
offering to pay down an aggregate of approximately $180.0 million under the
Tranche A and Tranche B portions of its revolving credit facility (as of July
2, 2009), and the remainder fo...
MIDLAND, Texas, June 15, 2009 /PRNewswire-FirstCall via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of May 2009. The well servicing rig count was unchanged at 414 at May 31, 2009. Well servicing rig hours for the month of May 2009 were 35,000 producing a rig utilization rate of 37%, unchanged from April 2009 and down from 76% in May 2008.
Drilling rig days for the month of May 2009 were 113 producing a rig utilization of 41...
MIDLAND, Texas, June 8 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today that H.H. Wommack, III has resigned
from the Board of Directors, effective June 3, 2009, in order to avoid a
conflict of interest with his other business interests. He submitted his
resignation to S.P. Johnson, Jr., chairman of the Nominating and Governance
Committee of the Basic Board of Directors.
Mr. Wommack was the founder of Basic and served as chairman of the b...
MIDLAND, Texas, June 1 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today that Antonio O. Garza, Jr. has been
appointed to its Board of Directors.
Antonia O. Garza has served as a director since May 2009. Mr. Garza served as the United States Ambassador to Mexico from 2002 until
January 2009. Before being selected for that position, he was elected to the
Texas Railroad Commission ("Commission") in 1998 and served as its Chairman
from 1999 ...
MIDLAND, Texas, May 29 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today that Ken Huseman, Basic's President
and Chief Executive Officer, will be participating at the RBC Capital Markets
Energy and Power Conference to be held in New York, New York on June 1 - 2,
2009.
The presentation will be posted beginning on June 1, 2009 in the Investor
Relations section of Basic's website at www.basicenergyservices.com.
Basic Energy Services provi...
MIDLAND, Texas, May 22, 2009 /PRNewswire-FirstCall via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that its management will be presenting at the Deutsche Bank 2009 Energy, Utilities and Power Conference to be held in Miami, Florida on May 27 - 28, 2009.
Alan Krenek, Senior Vice President and Chief Financial Officer is scheduled to present on Thursday, May 28, 2009 at 8:00 a.m. Eastern Time. The presentation will be broadcast live online in the Investor Relations section ...
MIDLAND, Texas, May 15 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of April 2009. The well servicing rig count was unchanged at 414 at
April 30, 2009. Well servicing rig hours for the month of April 2009 were
36,600 producing a rig utilization rate of 37%, a decrease from 41% and 78% in
March 2009 and April 2008, respectively.
Drilling rig days for the month of April 2009 were 89 producing a rig
...
MIDLAND, Texas, May 12 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that its management will be presenting at the
2009 UBS Global Oil & Gas Conference to be held in Austin, Texas on May 18 -
21, 2009.
Ken Huseman, President and Chief Executive Officer is scheduled to present
on Tuesday, May 19, 2009 at 7:30 a.m. Central Time (8:30 a.m. Eastern Time).
The presentation will be broadcast live online in the Investor Relations
section of Basic's we...
MIDLAND, Texas, May 6 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results
for the first quarter ended March 31, 2009.
Basic generated a net loss of $15.8 million, or $0.39 per diluted share,
excluding the impact of a $167.0 million after-tax ($204.1 million pre-tax)
non-cash goodwill impairment charge, for the first quarter of 2009. Net loss
as reported for the first quarter of 2009 was $182.8 million, or ...
MIDLAND, Texas, April 28 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its 2009 first
quarter results after the market closes on Wednesday, May 6, 2009. In
conjunction with the release, Basic has scheduled a conference call that will
be broadcast live over the Internet on Thursday, May 7, 2009, starting at 9:00
a.m. Eastern Time (8:00 a.m. Central).
What: Basic Energy Services First Quarter 2009 Earnings Conference...
MIDLAND, Texas, April 15 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that its management will be presenting at the
Independent Petroleum Association of America's ("IPAA") Oil and Gas Symposium
to be held in New York on April 20 - 22, 2009.
Ken Huseman, President and Chief Executive Officer is scheduled to present
on Tuesday, April 21, 2009 at 4:35 p.m. Eastern Time. The presentation will
be broadcast live online in the Investor Relations sect...
MIDLAND, Texas, April 13, 2009 /PRNewswire-FirstCall via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of March 2009. The rig count was unchanged at 414 at March 31, 2009. Rig hours for the month of March 2009 were 41,400 producing a rig utilization rate of 41%, a decrease from 46% and 71% in February 2009 and March 2008, respectively.
Drilling rig days for the month of March 2009 were 70 producing a rig utilization of 25%, a...
MIDLAND, Texas, March 17 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of February 2009. During the month, Basic added one newbuild rig and
retired one rig leaving its well servicing rig count unchanged at 414 as of
February 28, 2009. Rig hours for the month of February 2009 were 41,600
producing a rig utilization rate of 46%, a decrease from 49% and 75% in
January 2009 and February 2008, respectively....
MIDLAND, Texas, March 4 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that its management will be presenting at the
Raymond James & Associates 30th Annual Institutional Investors Conference to
be held in Orlando, Florida on March 9 - 11, 2009.
Ken Huseman, President and Chief Executive Officer is scheduled to present
on Wednesday, March 11, 2009 at 11:35 a.m. Eastern Time. The presentation
will be broadcast live online in the Investor Relations ...
~ Reports diluted Q4'08 EPS of $0.35 before one-time items ~
MIDLAND, Texas, Feb. 26 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results
for the fourth quarter and twelve months ended December 31, 2008.
Basic reported net income of $14.2 million, or $0.35 per diluted share,
excluding the impact of several one-time items, for the fourth quarter of
2008, compared to $19.5 million, or $0.47 per diluted sha...
MIDLAND, Texas, Feb. 13 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its 2008 fourth
quarter results after the market closes on Thursday, February 26, 2009. In
conjunction with the release, Basic has scheduled a conference call that will
be broadcast live over the Internet on Friday, February 27, 2009, starting at
10:00 a.m. Eastern Time (9:00 a.m. Central).
What: Basic Energy Services 2008 Fourth Quarter Earnings...
MIDLAND, Texas, Feb. 12 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of January 2009. During the month, Basic added one newbuild rig and
retired one rig leaving its well servicing rig count at 414 as of January 31,
2009. Rig hours for the month of January 2009 were 49,300 producing a rig
utilization rate of 49%, a decrease from 51% and 71% in December 2008 and
January 2008, respectively.
Drilling...
MIDLAND, Texas, Jan 29, 2009 /PRNewswire-FirstCall via COMTEX/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the Credit Suisse 2009 Energy Summit to be held in Vail, Colorado on February 2 - 6, 2009.
Ken Huseman, President and Chief Executive Officer is scheduled to present on Wednesday, February 4, 2009 at 10:05 a.m. Mountain Time (12:05 pm Eastern Time). The presentation will be broadcast live online in the Investor Relations section of Basi...
MIDLAND, Texas, Jan. 13 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of December 2008. During the month, Basic added two newbuild rigs and
retired two rigs leaving its well servicing rig count at 414 as of December
31, 2008. Rig hours for the month of December 2008 were 52,800, producing a
rig utilization rate of 51%, a decrease from 59% and 67% in November 2008 and
December 2007, respectively.
D...
MIDLAND, Texas, Dec. 8 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of November 2008. During the month, Basic added two newbuild rigs and
retired two rigs leaving its well servicing rig count unchanged at 414 as of
November 30, 2008. Rig hours for the month of November 2008 were 53,600
producing a rig utilization rate of 59%, a decrease from 72% and 71% in
October 2008 and November 2007, respectively....
MIDLAND, Texas, Dec. 2 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that the Company will be presenting at the
2008 NYSE Euronext & WJB Capital Growth Conference to be held at The Hilton
Boston Financial District on December 4, 2008.
Ken Huseman, the Company's President and Chief Executive Officer, is
scheduled to present on Thursday, December 4, 2008, at approximately 2:30 p.m.
Eastern Time. The presentation will be broadcast live online in the...
MIDLAND, Texas, Nov. 12 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that its management will be presenting at the
Bank of America 2008 Credit Conference to be held in Orlando, Florida on
November 19 - 21, 2008.
Alan Krenek, the Company's Senior Vice President, CFO and Treasurer, is
scheduled to present on Thursday, November 20, 2008, at 2:40 p.m. Eastern
Time. The presentation will be broadcast live online in the Investor Relations
section of ...
MIDLAND, Texas, Nov. 11 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of October 2008. During the month, Basic added one newbuild rig
increasing its well servicing rig count to 414 as of October 31, 2008. Rig
hours for the month of October 2008 were 75,900 producing a rig utilization
rate of 72%, a decrease from 75% and 77% in September 2008 and October 2007,
respectively.
Drilling rig days for ...
MIDLAND, Texas, Nov 06, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that its management will be presenting at the
Bank of America 2008 Energy Conference to be held in Key Biscayne, Florida on
November 13 - 14, 2008.
Ken Huseman, the Company's President and Chief Executive Officer, is
scheduled to present on Thursday, November 13, 2008, at 9:20 a.m. Eastern
Time. The presentation will be broadcast live online in the Investor...
~ Reports diluted EPS of $0.64 before merger costs for the third quarter of
2008 ~
MIDLAND, Texas, Nov. 3 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results
for the third quarter and nine months ended September 30, 2008.
Basic reported net income of $26.7 million, or $0.64 per diluted share,
before merger-related costs, for the third quarter of 2008, compared to $24.4
...
MIDLAND, Texas, Oct. 20 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today third quarter 2008 preliminary
results. Basic expects third quarter earnings to range between $0.60 and
$0.63 per diluted share, on revenues of approximately $278 million.
Preliminary earnings per diluted share for the third quarter of 2008 include
an $800,000 after-tax charge, or $0.02 per diluted share, related to
additional merger costs of the terminated Grey Wolf, Inc...
MIDLAND, Texas, Oct. 17 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its 2008 third
quarter results after the market closes on Monday, November 3, 2008. In
conjunction with the release, Basic has scheduled a conference call that will
be broadcast live over the Internet on Tuesday, November 4, 2008, starting at
10:00 a.m. Eastern Time (9:00 a.m. Central).
What: Basic Energy Services 2008 Third Quarter Earnings Confe...
MIDLAND, Texas, Oct. 13 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today that its Board of Directors has
authorized the repurchase of up to $50.0 million of its common shares from
time to time in open market or private transactions, at the company's
discretion. The timing and actual number of shares repurchased will depend on
a variety of factors including the stock price, corporate and regulatory
requirements and other market and economic co...
MIDLAND, Texas, Oct. 9 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of September 2008. During the month, Basic added one newbuild rig and
retired one rig, maintaining its well servicing rig count at 413 as of
September 30, 2008. Rig hours for the month of September 2008 were 74,900
producing a rig utilization rate of 75%, a decrease from 82% last month and
the same rate recorded in September 2007.
...
MIDLAND, Texas, Sept. 29 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it has purchased substantially all
of the operating assets of Azurite Services Company, Inc., Azurite Leasing
Company, LLC and Freestone Disposal, L.P. (collectively known as "Azurite")
for approximately $60 million in cash. Projected revenue for the first twelve
months from these assets is expected to be $51 million and the transaction is
anticipated to be accretive to...
MIDLAND, Texas, Sept. 9 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of August 2008. During the month, Basic added two newbuild rigs
increasing its well servicing rig count to 413 as of August 31, 2008. Rig
hours for the month of August 2008 were 77,900 producing a rig utilization
rate of 82%, an increase from 77% last month and 79% in August 2007.
Drilling rig days for the month of August 2008 we...
MIDLAND, Texas, Aug 25, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that the Company will be presenting at the
Lehman Brothers 2008 CEO Energy/Power Conference to be held in New York, New
York on September 2 - 4, 2008.
Ken Huseman, the Company's President and Chief Executive Officer, is
scheduled to present on Tuesday, September 2, 2008, at 11:40 a.m. Eastern
Time. The presentation will be broadcast live online in the Inves...
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 produ...
~ Reports diluted EPS of $0.55 before merger costs for the second quarter of
2008 ~
MIDLAND, Texas, Aug. 4 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results
for the second quarter and six months ended June 30, 2008.
Basic reported net income of $22.9 million, or $0.55 per diluted share,
before merger related costs, for the second quarter of 2008, compared to
$21.7 mil...
MIDLAND, Texas, July 16 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its 2008 second
quarter results after the market closes on Monday, August 4, 2008. In
conjunction with the release, Basic has scheduled a conference call that will
be broadcast live over the Internet on Tuesday, August 5, 2008, starting at
10:00 a.m. Eastern Time (9:00 a.m. Central).
What: Basic Energy Services 2008 Second Quarter Earnings Confere...
MIDLAND, Texas, July 15 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. ("Basic") (NYSE: BAS) and Grey Wolf, Inc. ("Grey Wolf") (Amex: GW)
announced today that they have terminated the Agreement and Plan of Merger
(the "Merger Agreement") previously entered into among Basic, Grey Wolf and
Horsepower Holdings, Inc. on April 20, 2008 pursuant to Section 7.1(b)(iii) of
the Merger Agreement. The decision to terminate the Merger Agreement was made
after Grey Wolf's stockholders did no...
MIDLAND, Texas, July 9 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of June 2008. During the month, Basic added two newbuild rigs and
retired one rig increasing its well servicing rig count to 409. Rig hours for
the month of June 2008 were 74,200 producing a rig utilization rate of 79%, an
increase from 76% last month, and the same rate produced in June 2007.
Drilling rig days for the month of Jun...
MIDLAND, Texas, June 9 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of May 2008. During the month, Basic added two newbuild rigs and
acquired eight rigs that increased its well servicing rig count to 408. Rig
hours for the month of May 2008 were 73,400 producing a rig utilization rate
of 76%, a decrease from 78% last month and an increase from 73% in May 2007.
Drilling rig days for the month of Ma...
MIDLAND, Texas, May 29, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it has expanded its pressure
pumping and well abandonment services in the Permian Basin by acquiring
substantially all of the operating assets of Triple N Services, Inc.
("Triple N"), located in Midland, Texas, for a total consideration of
approximately $16 million in cash. Projected annualized revenue for this
acquisition is expected to be appro...
MIDLAND, Texas, May 6 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of April 2008. During the month, Basic added three newbuild rigs
increasing its well servicing rig count to 398 as of April 30, 2008. Rig
hours for the month of April 2008 were 74,700 producing a rig utilization rate
of 78%, an increase from 71% last month and a decrease from 83% in April 2007.
Drilling rig days for the month of Ap...
MIDLAND, Texas, May 5 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results
for the first quarter ended March 31, 2008.
Basic reported net income of $19.7 million, or $0.47 per diluted share,
for the first quarter of 2008, compared to $22.1 million, or $0.56 per diluted
share, in the same period in 2007. Revenues increased 16% to $229.9 million
compared to $198.9 million in the first quarter of 2007. EBITDA ...
Merger Highlights:
The merger creates a more diverse energy services company with expanded
growth opportunities through enhanced scale, broader geographic reach,
balanced commodity exposure and expansion of service offerings
The 'new' Grey Wolf will be led by a combination of both companies'
seasoned management teams
Tom Richards from Grey Wolf will be Chairman
Ken Huseman from Basic Energy Services will be Chief Executive
Officer
David Cr...
MIDLAND, Texas, April 16 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its 2008 first
quarter results after the market closes on Monday, May 5, 2008. In
conjunction with the release, Basic has scheduled a conference call that will
be broadcast live over the Internet at 10:00 a.m. Eastern Time (9:00 a.m.
Central) on Tuesday, May 6, 2008.
What: Basic Energy Services 2008 First Quarter Earnings Conference Call
Whe...
MIDLAND, Texas, April 14 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of March 2008. During the month, Basic added two newbuild rigs
increasing its well servicing rig count to 395 as of March 31, 2008. Rig
hours for the month of March 2008 were 65,000 producing a rig utilization rate
of 71%, a decrease from 75% and 84% in February 2008 and March 2007,
respectively.
Drilling rig days for the month...
MIDLAND, Texas, March 10 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of February 2008. During the month, Basic added one newbuild rig and
retired one rig, leaving its well servicing rig count unchanged at 393 as of
February 29, 2008. Rig hours for the month of February 2008 were 68,300
producing a rig utilization rate of 75%, an increase from 71% last month and a
decrease from 83% in February 2007.
...
MIDLAND, Texas, March 3 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results
for the fourth quarter and year-ended December 31, 2007.
Basic reported net income of $19.5 million, or $0.47 per diluted share,
for the fourth quarter of 2007, compared to $27.3 million, or $0.70 per
diluted share, in the same period in 2006. Revenues increased 14% to
$225.8 million compared to $197.5 million in the fourth quarter ...
MIDLAND, Texas, Feb. 27 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that the Company will be presenting at the
Raymond James & Associates 29th Annual Institutional Investors Conference to
be held in Orlando, Florida on March 3 - 5, 2008.
Ken Huseman, the Company's President and Chief Executive Officer, is
scheduled to present on Wednesday, March 5, 2008, at 11:35 a.m. Eastern Time.
The presentation will be broadcast live online in the Investor ...
MIDLAND, Texas, Feb. 19 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its 2007 fourth
quarter and year-end results after the market closes on Monday, March 3, 2008.
In conjunction with the release, Basic has scheduled a conference call that
will be broadcast live over the Internet at 10:00 a.m. Eastern Time (9:00 a.m.
Central) on Tuesday, March 4, 2008.
What: Basic Energy Services 2007 Fourth Quarter Earnings Confere...
MIDLAND, Texas, Feb. 14 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of January 2008. During the month, Basic added two newbuild rigs,
acquired five rigs in association with the Lackey Construction L.L.C.
acquisition, converted one drilling rig to workover mode and retired two rigs,
increasing its well servicing rig count to 393 as of January 31, 2008. Rig
hours for the month of January 2008 were 69,2...
MIDLAND, Texas, Jan. 30 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it has acquired all of the
outstanding capital stock of Xterra Fishing and Rental Tools Co. ("Xterra")
and purchased substantially all of the operating assets of Lackey Construction
L.L.C. ("Lackey") for a total combined consideration of $23.3 million in cash,
excluding working capital acquired. The acquisitions are anticipated to be
accretive to earnings in 2008.
X...
MIDLAND, Texas, Jan. 14 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that Ken Huseman, the Company's President and
Chief Executive Officer, will participate in a panel discussion at the Goldman
Sachs Global Energy Conference in Las Vegas, Nevada, on Wednesday, January 16,
2008, at 4:30 p.m. Pacific Standard Time. The panel discussion is not being
webcast.
Basic Energy Services provides well site services essential to maintaining
production from...
MIDLAND, Texas, Jan. 7 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of December 2007. During the month, Basic added five newbuild rigs and
retired three rigs, increasing its well servicing rig count to 387 as of
December 31, 2007. Rig hours for the month of December 2007 were 59,800
producing a rig utilization rate of 67%, a decrease from 71% and 81% in
November 2007 and December 2006, respectively.
...
MIDLAND, Texas, Jan 02, 2008 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that Ken Huseman, President and Chief
Executive Officer, will be presenting at the Pritchard Capital Partners
"Energize 2008" Conference in San Francisco, California on Wednesday,
January 9, 2008, at 11:45 a.m. Pacific Time. A copy of the presentation will
be available in the Investor Relations' section of Basic Energy Services'
website at http://www.basic...
MIDLAND, Texas, Dec. 14 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of November 2007. During the month, Basic retired one rig, bringing its
well servicing rig count to 385 as of November 30, 2007. Rig hours for the
month were 66,100 producing a rig utilization rate of 71%, a decrease from 77%
and 79% in October 2007 and November 2006, respectively.
Drilling rig days for the month of November 2007...
MIDLAND, Texas, Nov. 8 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results
for the third quarter and nine months ended September 30, 2007.
Basic reported net income of $24.4 million, or $0.59 per diluted share,
for the third quarter of 2007, compared to $27.3 million, or $0.71 per diluted
share, in the same period in 2006. Revenues increased 18% to $229.2 million
compared to $194.6 million in the same per...
MIDLAND, Texas, Nov. 8 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of October 2007. During the month, Basic added three newbuild rigs and
retired three rigs, leaving its well servicing rig count unchanged at 386 as
of October 31, 2007. Rig hours for the month of October 2007 were 74,700
producing a rig utilization rate of 76.9%, an increase from 74.8% in the prior
month and a decrease from 90.0% in t...
MIDLAND, Texas, Nov. 7 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that Ken Huseman, President and Chief
Executive Officer, will be presenting at the Bank of America 2007 Energy
Conference in Key Biscayne, Florida on Thursday, November 15, 2007, at 9:20
a.m. Eastern Time.
The presentation will be broadcast live online in the Investor Relations
section of Basic's website at http://www.basicenergyservices.com. A replay
will be available at http:...
MIDLAND, Texas, Oct. 22 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its 2007 third
quarter results after the market closes on Thursday, November 8, 2007. In
conjunction with the release, Basic has scheduled a conference call that will
be broadcast live over the Internet at 10:00 a.m. Eastern Time (9:00 a.m.
Central) on Friday, November 9, 2007.
What: Basic Energy Services 2007 Third Quarter Earnings Conference Call...
MIDLAND, Texas, Oct. 11 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of September 2007. During the month, Basic added six newbuild rigs and
retired five rigs, increasing its well servicing rig count to 386 as of
September 30, 2007. Rig hours for the month of September 2007 were 63,000
producing a rig utilization rate of 74.8%, a decrease from 79.4% and 90.1% in
August 2007 and September 2006, respecti...
MIDLAND, Texas, Sept. 27 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it has recently closed on the
purchase of substantially all of the operating assets of Steve Carter, Inc.
("SCI") and Hughes Services, Inc. ("HCI") for a total consideration of $20
million in cash. The assets purchased include 22 fluid services trucks, 168
frac tanks, four disposal wells, and other ancillary equipment and inventory.
SCI and HCI provide transportation, s...
MIDLAND, Texas, Sept. 27 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that Alan Krenek, Senior Vice President -
Chief Financial Officer and Treasurer, will be presenting at the Deutsche Bank
Leveraged Finance Conference in Scottsdale, Arizona on Wednesday, October 3,
2007, at 4:10 p.m. Mountain Standard Time. A copy of the presentation will be
available in the Investor Relations' section of the Company's website at
http://www.basicenergyservices.com...
MIDLAND, Texas, Sept. 13 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of August 2007. During the month, Basic added six newbuild rigs and one
swab rig and retired five rigs, increasing its well servicing rig count to
385 as of August 31, 2007. Rig hours for the month of August 2007 were 76,900
producing a rig utilization rate of 79.4%, an increase from 78.3% in the prior
month and a decrease from 92.7...
MIDLAND, Texas, Aug 28, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that Ken Huseman, President and Chief
Executive Officer, will be presenting at the Lehman Brothers 2007 CEO
Energy/Power Conference in New York, New York on Wednesday, September 5, 2007,
at 4:25 p.m. Eastern Time. A copy of the presentation will be available in
the Investor Relations' section of Basic Energy Services' website at
http://www.basicenergyservi...
MIDLAND, Texas, Aug. 8 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results
for the second quarter and six months ended June 30, 2007.
Basic reported net income of $21.7 million, or $0.52 per diluted share,
for the second quarter of 2007, compared to $24.5 million, or $0.64 per
diluted share, in the same period in 2006. Revenues increased 21% to $223.3
million compared to $183.8 million in the same period la...
MIDLAND, Texas, Aug. 8 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of July 2007. During the month, Basic added four newbuild rigs
increasing its workover rig count to 383 as of July 31, 2007. Workover rig
hours for the month of July 2007 were 72,200 producing a rig utilization rate
of 78.3%, a decrease from 79.1% and 87.9% in the prior month and same month in
2006, respectively. The decline in the ut...
MIDLAND, Texas, July 17 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its 2007 second
quarter results after the market closes on Wednesday, August 8, 2007. In
conjunction with the release, Basic has scheduled a conference call that will
be broadcast live over the Internet at 10:00 a.m. Eastern Time (9:00 a.m.
Central) on Thursday, August 9, 2007.
What: Basic Energy Services 2007 Second Quarter Earnings Conference Cal...
MIDLAND, Texas, July 13 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of June 2007. During the month, Basic added nine newbuild rigs and
retired one rig, increasing its well servicing rig count to 379 as of June 30,
2007. Rig hours for the month of June 2007 were 68,500 producing a rig
utilization rate of 79.1%, an increase from 73.3% in the prior month and a
decrease from 92.5% in the same month in 20...
MIDLAND, Texas, June 13 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of May 2007. During the month, Basic added three newbuild rigs and
converted a drilling rig to workover mode increasing its well servicing rig
count to 371 as of May 31, 2007. Rig hours for the month of May 2007 were
68,700 producing a rig utilization rate of 73.3%, a decrease from 83.1% and
88.4% in the prior month and same month in...
MIDLAND, Texas, June 5 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today it has acquired all of the outstanding
capital stock of Wildhorse Services, Inc and purchased substantially all of
the operating assets of Eagle Frac Tank Rentals, LP in two separate
transactions for a total combined consideration of $19.0 million in cash,
excluding working capital acquired. Combined projected full-quarter revenues
and EBITDA (earnings before interest, taxes, depre...
MIDLAND, Tex., June 4 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that Alan Krenek, Senior Vice President and
Chief Financial Officer, will be presenting at the RBC Capital Markets Energy
Conference in New York, New York on Tuesday, June 5, 2007, at 3:15 p.m.
Eastern Time. A copy of the presentation will be available in the Investor
Relations' section of Basic's website at http://www.basicenergyservices.com.
Basic Energy Services provides well...
MIDLAND, Texas, May 25 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that the Company will be presenting at the
Deutsche Bank Securities Energy and Utilities Conference to be held at the
Loews Miami Beach Hotel in Miami, Florida on May 30 & 31, 2007.
Ken Huseman, President and Chief Executive Officer, is scheduled to
present on Thursday, May 31, 2007, at 2:00 p.m. Eastern Time. The
presentation will be broadcast live online in the Investor Relat...
MIDLAND, Texas, May 21, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that the Company will be presenting at the
UBS Global Oil & Gas Conference to be held in Austin, Texas.
Ken Huseman, President and Chief Executive Officer, is scheduled to
present on Wednesday, May 23, 2007, at 10:00 a.m. Central Time. The
presentation will be broadcast live online in the Investor Relations section
of Basic's website at http://www.basicene...
MIDLAND, Texas, May 10 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of April 2007.
Please note that the format of the monthly operating data report has
changed effective with the addition of the six medium-depth drilling rigs from
the Sledge Drilling acquisition on April 2, 2007. The well servicing
information below only includes operating data from well servicing and
barge-mounted workover rigs an...
Revenues up 29% to $199 Million; Net income up 12% to $22 million
MIDLAND, Texas, May 9 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results
for the first quarter ended March 31, 2007.
Basic reported net income of $22.1 million, or $0.56 per diluted share,
for the first quarter of 2007, compared to $19.7 million, or $0.53 per diluted
share, in the same period in 2006. Revenues increased 29% to $198.9 ...
MIDLAND, Texas, April 25, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its 2007 first
quarter results after the market closes on Wednesday, May 9, 2007. In
conjunction with the release, Basic has scheduled a conference call that will
be broadcast live over the Internet at 10:00 a.m. Eastern Time (9:00 a.m.
Central) on Thursday, May 10, 2007.
What: Basic Energy Services 2007 First Quarter ...
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 sa...
MIDLAND, Texas, April 4 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today it has completed the previously
announced acquisition of all of the outstanding capital stock of Sledge
Drilling Holding, Corp. ("Sledge") for a total acquisition price, net of
estimated working capital, of approximately $56 million. The total
acquisition price is comprised of approximately 430,000 shares of Basic common
stock, $27 million in cash to Sledge's shareholders,...
MIDLAND, Texas, March 29 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that the Company will be presenting at the
Howard Weil 35th Annual Energy Conference to be held in New Orleans,
Louisiana. Ken Huseman, President and Chief Executive Officer, is scheduled to
present on Wednesday, April 4, 2007 at 3:15 p.m. Central Time and the
Company's presentation slides will be posted on its website.
Basic provides well site services essential to maintainin...
MIDLAND, Texas, March 15 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it has signed a definitive
agreement to acquire all of the outstanding capital stock of Sledge Drilling
Holding Corp. ("Sledge") for total consideration of approximately $51 million,
including $10 million in shares of Basic common stock and repayment of
Sledge's outstanding debt, plus certain working capital adjustments at
closing. The transaction is expected to close i...
MIDLAND, Texas, March 13 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of February 2007.
During the month, Basic added four newbuild rigs and retired three rigs,
increasing its well servicing rig count to 368 as of February 28, 2007. Rig
hours for the month of February 2007 were 67,800 producing a rig utilization
rate of 83.9%, an increase from 76.7% in the prior month.
Basic increased its aver...
Revenues Up 46% to $197 Million; Diluted EPS Up 52% to $0.70
MIDLAND, Texas, March 12 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results
for the fourth quarter and year ended December 31, 2006.
Basic reported net income of $27.3 million, or $0.70 per diluted share,
for the fourth quarter of 2006, compared to $15.9 million, or $0.46 per
diluted share, in the same period in 2005. During the fourth ...
MIDLAND, Texas, Feb 27, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its 2006 fourth
quarter and year-end financial results after the market closes on Monday,
March 12, 2007. In conjunction with the release, Basic has scheduled a
conference call that will be broadcast live over the Internet at 10:00 a.m.
Eastern Time (9:00 a.m. Central) on Tuesday, March 13, 2007.
What: Basic Energy Servic...
MIDLAND, Texas, March 7, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today it has completed the previously
announced acquisition of all of the outstanding capital stock of JetStar
Consolidated Holdings, Inc. ("JetStar") for a total acquisition price, net of
estimated working capital, of approximately $118 million. The total
acquisition price is comprised of approximately 1.9 million shares of Basic
common stock, $45 mill...
MIDLAND, Texas, March 1 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that Ken Huseman, President and Chief
Executive Officer will be presenting at the Raymond James 28th Annual
Institutional Investors Conference in Orlando, Florida on Tuesday, March 6,
2007 at 2:50 p.m. Eastern Time.
A live broadcast of the presentation will be available online in the
Investor Relations section of Basic's website at
http://www.basicenergyservices.com . A replay...
MIDLAND, Texas, Feb. 27 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its 2006 fourth
quarter and year-end financial results after the market closes on Monday,
March 12, 2007. In conjunction with the release, Basic has scheduled a
conference call that will be broadcast live over the Internet at 10:00 a.m.
Eastern Time (9:00 a.m. Central) on Tuesday, March 13, 2007.
What: Basic Energy Services 2006 Fourth Quarter Ea...
MIDLAND, Texas, Feb 14, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of January 2007.
During the month, Basic acquired two barge-mounted workover rigs, added
two newbuild rigs and retired two rigs, increasing its well servicing rig
count to 367 as of January 31, 2007. Rig hours for the month of January 2007
were 71,200 producing a rig utilization rate of 76.7%, a decrease from ...
MIDLAND, Texas, Feb. 1 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that the Company will be presenting at the
Credit Suisse 2007 Energy Summit to be held in Vail, Colorado on February 6 -
9, 2007. Ken Huseman, President and Chief Executive Officer is scheduled to
present on Tuesday, February 6, 2007 at 12:55 p.m. Mountain Time.
Basic provides well site services essential to maintaining production from
the oil and gas wells within its operating ...
MIDLAND, Texas, Jan. 16 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that Ken Huseman, the Company's President and
Chief Executive Officer, will participate in a panel discussion at the Goldman
Sachs Global Energy Conference in New York City on Wednesday, January 17,
2007, at 3:30 p.m. eastern time. The panel discussion will not be webcast.
Basic provides well site services essential to maintaining production from
the oil and gas wells within it...
MIDLAND, Texas, Jan. 10 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it signed a definitive agreement to
acquire all of the outstanding capital stock of JetStar Consolidated Holdings,
Inc. ("JetStar") for total consideration of approximately $120 million,
subject to adjustments. The total consideration excludes working capital but
includes the repayment of JetStar's outstanding debt. Basic will pay
approximately $43.5 million of the cons...
MIDLAND, Texas, Jan. 9 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of December 2006.
Basic added three newbuild rigs to its fleet and retired three rigs,
leaving its well servicing rig count at 365 as of December 31, 2006. Rig
hours for the month of December 2006 were 69,300 producing a rig utilization
rate of 82.2%, an increase from 81.2% and 80.9% in the same month in 2005 and
prior month in 20...
MIDLAND, Texas, Dec 20, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today two agreements of asset purchases
for a total cash consideration of approximately $26 million.
Basic Marine Services, Inc, a wholly owned subsidiary of Basic, recently
entered into an agreement with Parker Drilling Offshore USA, LLC, a wholly
owned subsidiary of Parker Drilling Company (NYSE: PKD) to purchase two barge-
mounted workover rigs and r...
MIDLAND, Texas, Dec 14, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of November 2006.
Basic added three newbuild rigs to its fleet, increasing its well
servicing rig count to 365 as of November 30, 2006. Rig hours for the month
of November 2006 were 70,900 producing a rig utilization rate of 80.9%, a
decrease from 85.9% during the same month in 2005, and a decrease from 91.0%
...
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 pr...
MIDLAND, Texas, Nov. 8 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced results for the third quarter and
nine months ended September 30, 2006.
Basic reported net income of $27.3 million, or $0.71 per diluted share,
for the third quarter of 2006, compared to $12.3 million, or $0.37 per diluted
share, in the same period in 2005. During the third quarter of 2006, revenues
increased 61% to $194.6 million compared to $120.8 million in the sam...
MIDLAND, Texas, Oct. 25 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its third quarter
2006 financial results after the market closes on Wednesday, November 8, 2006.
In conjunction with the release, Basic has scheduled a conference call that
will be broadcast live over the Internet at 10:00 a.m. Eastern Time (9:00 a.m.
Central) on Thursday, November 9, 2006.
What: Basic Energy Services Third Quarter Earnings Confer...
MIDLAND, Texas, Oct. 25 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it will release its third quarter
2006 financial results after the market closes on Wednesday, November 8, 2006.
In conjunction with the release, Basic has scheduled a conference call that
will be broadcast live over the Internet at 10:00 a.m. Eastern Time (9:00 a.m.
Central) on Thursday, November 9, 2006.
What: Basic Energy Services Third Quarter Earnings Confer...
MIDLAND, Texas, Oct 17, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced the closing of the exchange offer
for its 7.125% Senior Notes due 2016.
Basic's offer to exchange up to $225,000,000 aggregate principal amount of
Series A 7.125% Senior Notes due 2016 (the "Old Notes") that have not been
registered under the Securities Act of 1933, as amended, for an equal
principal amount of Series B 7.125% Senior Notes due 20...
MIDLAND, Texas, Oct. 13 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of September 2006.
Basic added one newbuild rig to its fleet, increasing its well servicing
rig count to 357 as of September 30, 2006. Rig hours for the month of
September 2006 were 74,800 producing a rig utilization rate of 90.9%, an
increase from 87.5% during the same month in 2005, and a decrease from 93.7%
during August 2006....
MIDLAND, Texas, Sept. 15 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the
month of August 2006.
Basic added four rigs to its fleet with the acquisition of Chaparral
Services, Inc., increasing its well servicing rig count to 356 as of
August 31, 2006. Rig hours for the month of August 2006 were 83,900 producing
a rig utilization rate of 93.7%, an increase from 84.0% and 89.1% in the same
month in 2005 and pr...
MIDLAND, Texas, Sept. 5 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today it recently acquired all of the
outstanding capital stock of Chaparral Services, Inc. ("Chaparral") and
purchased substantially all of the operating assets of Reddline Services, LLC
("Reddline"), for a total combined consideration of approximately $20 million
in cash, excluding working capital acquired. Projected full-quarter revenues
and EBITDA (earnings before interest...
MIDLAND, Texas, Aug. 29 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today that the Company will be presenting
at the Lehman Brothers CEO Energy/Power Conference to be held at the Waldorf
Astoria in New York City on September 5 - 7, 2006.
Ken Huseman, President and Chief Executive Officer is scheduled to present
on Tuesday, September 5, 2006 at 1:45 p.m. Eastern Time. A live broadcast of
the presentation will be available online in the Invest...
Revenues up 67% to $184 Million;
EPS up 94% to $0.64
MIDLAND, Texas, Aug. 10 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced results for the second quarter and
six months ended June 30, 2006.
Basic reported net income of $24.5 million, or $0.64 per diluted share,
for the second quarter of 2006, compared to $10.7 million, or $0.33 per
diluted share, in the same period in 2005. Net inc...
MIDLAND, Texas, Aug. 10 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) today reported selected operating data for the month
of July 2006. During the month, Basic acquired six rigs in conjunction with
the Hennessey Rental Tools, Inc. acquisition and retired two rigs, increasing
its well servicing rig count to 352 as of July 31, 2006. The Company will
take delivery of its next newbuild well servicing rigs in September 2006. Rig
hours for the month of July 20...
MIDLAND, Texas, Aug. 1 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today it has recently acquired all of the
outstanding capital stock of Hennessey Rental Tools, Inc. ("Hennessey Rental
Tools") and purchased substantially all of the operating assets of Stimulation
Services, LLC ('Stimulation Services") and Hydro-Static Tubing Testers, Inc.
("Hydro-Static Tubing"), for a combined total consideration of approximately
$13.0 million in cash, excludin...
MIDLAND, Texas, July 27 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today it will release its second quarter
2006 financial results after the market closes on Thursday, August 10, 2006.
In conjunction with the release, Basic has scheduled a conference call that
will be broadcast live over the Internet at 10:00 a.m. Eastern Time (9:00 a.m.
Central) on Friday, August 11, 2006.
What: Basic Energy Services Second Quarter Earnings Conference Ca...
MIDLAND, Texas, July 13 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) today reported selected operating data for the month
of June 2006. During the month, Basic added two newbuild rigs and retired two
rigs, resulting in a well servicing rig count of 348 as of June 30, 2006. Rig
hours for the month of June 2006 were 78,600, reflecting a rig utilization
rate of 93.4%, an increase from 91.6% in the same month last year. The
increase in the sequential rig uti...
MIDLAND, Texas, June 13, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) today reported selected operating data for the month
of May 2006. During the month, Basic added two newbuild rigs and nine rigs
acquired in association with the Globe Well Service, Inc. (Globe) acquisition,
bringing its well servicing rig count to 348 as of May 31, 2006. Rig hours
for the month of May 2006 were 76,100, reflecting a rig utilization rate of
88.7%,...
MIDLAND, Texas, May 31 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today that it has closed on its previously
announced acquisition of Globe Well Service, Inc. ("Globe") of Big Lake,
Texas.
Globe provides an assortment of well site services in the Southern Permian
Basin. Its operating asset base includes nine well servicing rigs, 19 fluid
services trucks, as well as other service equipment.
Basic Energy Services, with a fleet of more tha...
Revenues Up 65% to $154 Million
EPS Up 194% to $0.53
MIDLAND, Texas, May 9 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced results for the first quarter ended
March 31, 2006.
Basic reported net income of $19.7 million, or $0.53 per diluted share,
for the first quarter of 2006, compared to $5.8 million, or $0.18 per diluted
share, in the same period in 2005. During the first quart...
MIDLAND, Texas, May 9 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) today reported selected operating data for the month
of April 2006. During the month, Basic added five newbuild rigs, bringing its
well servicing rig count to 337 as of April 30, 2006. Rig hours for the month
of April 2006 were 67,100, reflecting a rig utilization rate of 91.0%, an
increase from 90.7% in the same month last year. The Company also added two
new fluid service trucks and ret...
MIDLAND, Texas, April 26 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today it has recently signed a letter of
intent to acquire all the common stock of Globe Well Service, Inc. ("Globe")
of Big Lake, Texas, for approximately $10 million in cash plus net working
capital at the time of closing. The acquisition, which is anticipated to close
during the latter portion of the second quarter, is subject to customary due
diligence and approval processes...
MIDLAND, Texas, April 25 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today it will release its first quarter
2006 financial results after the market closes on Tuesday, May 9, 2006. In
conjunction with the release, Basic has scheduled a conference call that will
be broadcast live over the Internet at 10:00 a.m. Eastern Time (9:00 a.m.
Central) on Wednesday, May 10, 2006.
What: Basic Energy Services First Quarter Earnings Conference Call
...
MIDLAND, Texas, April 12, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") announced today that it has closed its previously
announced private offering of $225 million of 7.125% Senior Notes due 2016.
Basic intends to use the net proceeds of the offering to retire the
outstanding balance of approximately $90 million of Term B Loans under its
secured credit facility, to repay current borrowings under its revolving
credit facility (ap...
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
...
MIDLAND, Texas, April 7 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that it has priced a private offering of
$225 million of 7.125% Senior Notes due 2016. Basic expects to close the sale
of the notes on April 12, 2006, subject to the satisfaction of customary
closing conditions.
Basic intends to use the net proceeds of the offering to retire the
outstanding balance of approximately $90 million of Term B Loans under its
secured credit facility...
MIDLAND, Texas, March 31 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today that it acquired substantially all of
the operating assets of Arkla Cementing, Inc. ("Arkla") of El Dorado,
Arkansas, on March 27, 2006, for a total acquisition price of approximately
$5 million in cash. Arkla provides cementing and acidizing services to the
southern Arkansas and northern Louisiana oil and gas markets. Arkla's
operating asset base includes six pressure p...
MIDLAND, Texas, March 29 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that it has commenced a private placement
offering, exempt from registration under the Securities Act of 1933, of $200
million of Senior Notes due 2016. Basic intends to use the net proceeds of
the proposed offering to retire the outstanding balance of approximately $90
million of Term B Loans under its secured credit facility and to repay current
borrowings under its revolving c...
MIDLAND, Texas, March 20 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) today announced that the company will participate in the
Howard Weil 34th Annual Energy Conference to be held at the Sheraton New
Orleans Hotel in New Orleans, Louisiana, on March 19 - 23, 2006.
Basic Energy Services' presentation will take place Wednesday, March 22,
2006, at 12:10 p.m. Eastern Standard Time (11:10 a.m. Central Standard Time)
and is expected to last approximately 30 minutes.
...
MIDLAND, Texas, March 17, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) today reported selected operating data for the month of
February 2006. During the month, Basic added three newbuild rigs, bringing
its well servicing rig count to 327 as of February 28, 2006. Rig hours for
the month of February 2006 were 66,000, reflecting a rig utilization rate of
92.0%, an increase from 86.6% in the same month last year.
OPERATING DATA
...
MIDLAND, Texas, March 16, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) ("Basic") today announced record results for the fourth
quarter and fiscal year ended December 31, 2005.
Basic reported net income of $15.9 million, or $0.46 per diluted share,
for the fourth quarter of 2005, compared to $3.1 million, or $0.10 per diluted
share, during the same period in 2004. During the fourth quarter of 2005,
revenues increased 57.5% to $135.4 milli...
MIDLAND, Texas, March 10 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) announced today that it will release its fourth quarter 2005
results on Thursday, March 16, 2006 after the market closes. In conjunction
with the release, Basic Energy Services has scheduled a conference call, which
will be broadcast live over the Internet, for Friday, March 17, 2006 at
10:00 a.m. Eastern Time (9:00 a.m. Central).
What: Basic Energy Services Fourth Quarter Earnings Conf...
Mar 02, 2006 /PRNewswire-FirstCall via COMTEX News Network/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today that its President and Chief
Executive Officer, Ken Huseman and its Chief Financial Officer, Alan Krenek,
will be presenting at the Raymond James & Associates 27th Annual Institutional
Investors Conference to be held at the Hyatt Grand Cypress in Orlando, Florida
on Tuesday, March 7, 2006 at 2:50 p.m. Eastern Time.
A live broadcast of the presentation will be ava...
MIDLAND, Texas, Feb. 28 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today that it has closed on the purchase of
substantially all of the operating assets of G&L Tool, Ltd. (G&L), an oilfield
services fishing and rental tool business headquartered in Abilene, Texas, for
a total consideration of $58 million in cash. The final purchase price was
lower than the previously reported estimated purchase price of approximately
$80 million as Basic did no...
MIDLAND, Texas, Feb. 13 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) today reported selected operating data for the month of
January 2006. During the month, the Company added two newbuild rigs and
retired one rig, which brings its well servicing rig count to 324 as of
January 31, 2006. Rig hours for the month of January 2006 were 66,900,
reflecting a rig utilization rate of 86.6%, up from 82.7% for the same month
in 2005. The sequential increase in the rig utili...
MIDLAND, Texas, Feb. 1 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today that it has acquired all of the
outstanding capital stock of LeBus Oil Field Service Co. (LeBus) for a total
acquisition price of approximately $26 million. LeBus, which generated
approximately $21 million in revenue in 2005, has a fleet of 67 fluid hauling
trucks and 225 frac tanks, and six disposal facilities. LeBus provides
transportation, storage and disposal of oilfiel...
MIDLAND, Texas, Jan. 17 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) today reported selected operating data for the fourth quarter
of 2005. The Company added 11 new build rigs during the quarter, which brings
its well servicing rig count to 323 as of December 31, 2005. Rig hours for
the fourth quarter of 2005 were 195,000, reflecting a rig utilization rate of
86.3%, up from 76.8% for the same period in 2004. The sequential decrease in
the rig utilization rate f...
MIDLAND, Texas, Jan. 16 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) today announced that Steven A. Webster, Chairman, Kenneth V.
Huseman, Jr., President and Chief Executive Officer, and Alan Krenek, Chief
Financial Officer will preside over the NYSE Opening Bell on January 17, 2006
at 9:30 a.m. EST, in celebration of the Company's achieving numerous
milestones, including the listing of its common stock on the NYSE on
December 9, 2005.
Mr. Huseman stated, "Bas...
MIDLAND, Texas, Jan. 3 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) (Basic) announced today that it has signed a letter of intent
to purchase substantially all of the assets of G & L Tool, Ltd., an oilfield
services fishing and rental tool business headquartered in Abilene, Texas, for
approximately $80 million. Basic anticipates that the acquisition will close
by the end of the first quarter of 2006 subject to satisfactory completion of
due diligence and approval b...
MIDLAND, Texas, Dec. 21 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) today announced the appointment of Mr. Thomas P. Moore, Jr.
as a Director on its Board of Directors effective December 16, 2005.
Mr. Moore retired from his position at State Street Global Advisors in
July 2005, where he had served as a Senior Principal, the head of Global
Fundamental Strategies, and a member of the Senior Management Group since
2001. Mr. Moore is a Chartered Financial Analyst...
MIDLAND, Texas, Dec. 14 /PRNewswire-FirstCall/ -- Basic Energy Services,
Inc. (NYSE: BAS) today announced the completion of its initial public offering
of 14,375,000 shares of its common stock, 5,000,000 shares of which were sold
by the Company and 9,375,000 shares were sold by selling stockholders. The
shares sold by the selling stockholders included all of the 1,875,000 shares
to cover the underwriters' over-allotment option, which was exercised in full.
The underwriters of the ...
MIDLAND, Texas, Dec. 8 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) today announced the pricing of its initial public offering of 12,500,000 shares of its common stock, 5,000,000 shares of which will be sold by the Company and 7,500,000 shares by selling stockholders, at $20 per share. In connection with the offering, the selling stockholders have granted the underwriters a 30-day option to purchase up to 1,875,000 additional shares, to cover over-allotments, if any.
The Company's ...
