Midstream
Basic Energy Services Inc.
Acquired in August 2021 by Berry Corporation. The snapshot below reflects historical activity.
About
Oilfield Services
- WebsiteVisit →
- TickerNYSE
- AddressFort Worth Texas
- Phone817 334 4100
- Acquired byBerry Corporation
- People on file14 contacts
Acquisition chain
Forward & backward M&A lineage
- Alamo Pressure Pumping
- Nextier Oilfield Solutions
- Basic Energy Services Inc. (this company)
- Berry Corporation
- California Resources Corp.
- Colony Capital
Drilling activity
No activity recorded
No active rigs
Operations transferred to Berry Corporation. Live rig records sit under the successor.
Recent activity
Basic Energy Services Files for Bankruptcy; Inks Stalking Horse Deals
Basic Energy Services has filed for bankruptcy. Concurrently, the company has entered into several deals to sell off its assets. The transactions are being undertaken as the “stalking...
Basic Energy Services Cuts Operational Scope by 40%; Shuffles Exec Team
Basic Energy Services, Inc. has made several major changes to its organizational structure. Operation Units Cut by 40% The company is reducing the number of operating regions from...
Basic Energy Services Planning Staff Cuts, Location Closures
Basic Energy Services, Inc. is implementing several cost control and capital preservation measures in response to the market uncertainty. In addition to reducing projected 2020 capital expenditures 60%...
Updated : Frac Companies Permanently Retire 2.4 Million Horse Power
Updated : 12/12/2019 : Basic Energy Services said it is exiting the frac market, selling/dismantling its 500,000 HHP. Updated : 12/11/2019 : Superior (PumpCo) laid off its entire...
Basic Energy Exits Frac Market; Selling Pressure Pumping Equipment
Basic Energy Services has reported that it plans to exit the frac business. The company said its plans to divest its pumping services assets in multiple transactions and...
Deals
Berry Corp. has signed a deal as a "stalking horse" bidder to acquire substantially all the assets comprising Basic Energy Services'…
Basic Energy Services, Inc. has agreed to sell certain non-core assets for a purchase price of $6.6 million (not including the assumption…
NexTier Oilfield Solutions Inc. announced the sale of its Well Support Services (WSS) segment to Basic Energy Services Inc. for total…
Basic Energy Services, Inc. has acquired substantially all of the assets of Pioneer Fishing and Rental, a division of Pioneer Energy…
Basic Energy Services Inc. has completed the acquisition of substantially all of the assets of Saltwater Disposal of North Dakota, LLC…
Permits
Assets
No asset records
Operations transferred to Berry Corporation. Live acreage and lease records sit under the successor.
Regions of activity
No regional activity indexed yet
When Berry Corporation files permits or discloses acreage tied to this entity, the regions show up here.