One-Page Deal Sheet
Berry Makes 'Stalking Horse' Deal for Basic Energy's California Assets
Berry Corporation Basic Energy Services Inc.
Announced Date
August 18,2021
Transaction Type
Asset
Transaction Details: Subscribe to see
Berry Corp. has signed a deal as a "stalking horse" bidder to acquire substantially all the assets comprising Basic Energy Services' California business lines.
Specifically, under the terms of the APA, bry would acquire Basic's well servicing, specialized completion and remedial services, and water logistics services businesses in California. Much of Basic's California business today is known as C&J Well Services and was originally established in San Angelo, Texas, in 1948 by Frank Pool as Pool Well Services.
CEO Trem Smith said: "This is a unique opportunity to expand our role in…
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Nov-26-2013 |
-  |
- |
Click here | California | Service |