One-Page Deal Sheet
NexTier Sells Well Support Segment to Basic Energy Services for $94MM
Basic Energy Services Inc. Nextier Oilfield Solutions
Announced Date
March 09,2020
Close Date
March 09,2020
Transaction Type
Asset
Location
Country
United States
Transaction Details: Subscribe to see
NexTier Oilfield Solutions Inc. announced the sale of its Well Support Services (WSS) segment to Basic Energy Services Inc. for total consideration of $93.7 million.
The sale includes the Company's rig services, special services and fluids management businesses.
The transaction was simultaneously signed and closed on March 9, 2020.
Total consideration of $93.7 million is comprised of $59.35 million of cash received at closing and $34.35 million of par value senior secured notes previously issued by Basic.
Sale Spurs 1,800 in Job Cuts for NexTierNexTier expects the transaction to result…
United States Deal Activity In Last 12 Months
| Announced Date | Buyer | Seller | Deal Value($mm) | Location | Category |
|---|---|---|---|---|---|
| Mar-10-2026 |
-  |
- |
Click here | Texas | E&P |
| Feb-26-2026 |
- |
- |
Click here | E&P | |
| Feb-18-2026 |
- |
- |
Click here | Texas | E&P |
| Feb-17-2026 |
- |
- |
Click here | Oklahoma | E&P |
| Feb-02-2026 |
- |
- |
Click here | E&P |