People | Service & Supply | Oilfield Services | Capital Markets | Private Equity Activity
Basic Energy Services President, CEO to Retire
Print
|
Basic Energy Services, Inc. has reported that Ken Huseman, President and CEO, intends to retire at the end of 2013.
As part of a planned leadership succession process, the Board of Directors intends to appoint Roe Patterson, currently Senior Vice President and Chief Operating Officer of Basic Energy Services, to succeed Mr. Huseman as President and Chief Executive Officer of the company, on or about January 1, 2014. Mr. Huseman is expected to remain a member of the Board of Directors and it is anticipated that Mr. Patterson will be appointed to the Board of Directors on or about the effective date of his appointment as President and CEO.
Steve Webster, Chairman of the Board, stated, "The Board of Directors is truly appreciative of Ken's leadership of this company for more than 14 years…
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
Permian News
Why $90 Oil Isn’t Bringing Back the Rigs
Higher oil prices are not translating cleanly into a drilling response across U.S. shale, and company disclosures are starting to show why. The issue is not simply capital…
These Three Companies Will Increase Drilling & Completion Over The Next 3 Year
In the span of fifteen months, three Japanese energy companies committed more than $10.3 billion to U.S. natural gas production assets — a buying spree that has transferred…
Q1 A&D Transactions Jump to $30B , While Deal Flow Was Down 40%
The first quarter of 2026 has officially defined the "Barbell Era" of American oil and gas. While the total number of deals plummeted by 46% YoY (dropping to…
Wright to U.S. Oil Industry: The Price Signal Is Telling You to Drill
Energy Secretary Chris Wright stood in front of the largest gathering of oil executives in the world this morning and delivered a message that was equal parts market…
Apa Corp : Doing More With Less
APA's 2025 narrative was one of operational surprise. The company came in beating production guidance every single quarter while spending below plan, capturing over $300MM in cost savings…