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Basic Energy Services Inc.
30 articles mentioning Basic Energy Services Inc. · Page 2 of 2
US Pressure Pumping Market Report - Q3
Market share of the US Pressure Pumping market.
Basic Energy Adds 62,000 HP in 3Q 2014
Added 62,000 hydraulic horsepower during the third quarter.
Basic Energy Grows Revenue; Credits Steady Permian Demand
Second quarter 2014 revenue increased nine percent, adjusted for the impact of the sale of Basic's barge rig operations in March 2014.
Schlumberger, Baker, Halliburton, Basic, CJES Talk Frac Market
Several pressure pumpers are increasing horsepower capacity, despite an already oversupplied market.
Basic Energy Services Ups CapEx for Frac Equipment
The $50 million dollar increase will be used to purchase 60,000 HHP of frac equipment.
Basic Energy Services Sees Decline in Operating Segments
Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 69,300 producing a rig utilization rate of 71%, compared to 77% and 71% in August 2013 and September 2012,...
Basic Energy Services President/CEO Preps to Retire
Roe Patterson, currently SVP and COO of Basic Energy Services, will succeed Mr. Huseman as President and CEO.
Basic Sees Increase in Oil Market Activity, Decline in Gas
Drilling rig days for the month were 285 producing a rig utilization of 79%, compared to 78% and 91% in May 2013 and June 2012, respectively.
Basic Energy Services President, CEO to Retire
As part of a planned leadership succession process, the Board of Directors intends to appoint Roe Patterson, currently Senior Vice President and COO of Basic Energy Services, to succeed Ken Huseman.
Basic Sees Rig Count Decrease at End-Year 2012
Ken Huseman, Basic's President and Chief Executive Officer, stated, "December activity for each of our business segments developed as anticipated with the seasonal impact of the holidays, less daylight hours and our customers winding down their...