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Last updated on April 20, 2014 at 13:20 EDT

Latest Basic Energy Services Inc. Stories

2012-08-13 02:21:33

MIDLAND, Texas, Aug. 13, 2012 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of July 2012. Basic's well servicing rig count remained unchanged at 431. Well servicing rig hours for the month were 77,400 producing a rig utilization rate of 74%, compared to 76% and 73% in June 2012 and July 2011, respectively. During the month, Basic's fluid service truck count increased by one truck to 927. Fluid service truck hours for...

2012-07-26 14:20:39

MIDLAND, Texas, July 26, 2012 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results for the second quarter and six months ended June 30, 2012. SECOND QUARTER HIGHLIGHTSSecond quarter 2012 revenue decreased 2.5%, as previously projected, to $361.5 million from $370.9 million in the first quarter of 2012, but increased 22% from the $296.9 million reported in the second quarter of 2011....

2012-07-13 02:20:39

MIDLAND, Texas, July 13, 2012 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of June 2012. Basic's well servicing rig count remained unchanged at 431. Well servicing rig hours for the month were 76,100 producing a rig utilization rate of 76%, compared to 72% and 74% in May 2012 and June 2011, respectively. During the month, Basic's fluid service truck count increased by six trucks to 926. Fluid service truck...

2012-07-05 02:21:07

MIDLAND, Texas, July 5, 2012 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today it will release its 2012 second quarter financial results after the market closes on Thursday, July 26, 2012. In conjunction with the release, Basic has scheduled a conference call that will be broadcast live over the Internet on Friday, July 27, 2012, starting at 9:00 a.m. Eastern Time (8:00 a.m. Central). What: Basic Energy Services Second Quarter 2012 Earnings...

2012-06-18 02:21:25

MIDLAND, Texas, June 18, 2012 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that its management will be presenting at Global Hunter Securities 100 Energy Conference to be held in San Francisco, California on June 25 - 26, 2012. Alan Krenek, Senior Vice President - Chief Financial Officer and Treasurer, is scheduled to present on Tuesday, June 26, 2012, at approximately 1:00 p.m. Pacific Time (4:00 p.m. Eastern). A link to the live webcast and replay will be...

2012-06-15 02:22:37

MIDLAND, Texas, June 15, 2012 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of May 2012. Basic's well servicing rig count remained unchanged at 431. Well servicing rig hours for the month were 78,600 producing a rig utilization rate of 72%, compared to 78% and 68% in April 2012 and May 2011, respectively. During the month, Basic's fluid service truck count increased by five trucks to 920. Fluid service truck...

2012-06-04 10:21:09

MIDLAND, Texas, June 4, 2012 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced that its Board of Directors has approved a decision to relocate Basic's corporate headquarters to Fort Worth, Texas from Midland, Texas. Ken Huseman, Basic's President and Chief Executive Officer, stated, "Basic was founded in the Permian Basin in 1992 and has enjoyed 20 years of growth and success due in large part to our corporate presence in Midland. While we will...

2012-05-24 14:20:20

MIDLAND, Texas, May 24, 2012 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today that its Board of Directors has reauthorized the repurchase of up to approximately $35.2 million of its common shares from time to time in open market or private transactions, at the company's discretion, as a continuation of its prior $50.0 million program announced in 2008 (of which $14.8 million has been previously repurchased). The timing and actual number of shares repurchased...

2012-05-15 02:23:34

MIDLAND, Texas, May 15, 2012 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of April 2012. Basic's well servicing rig count remained unchanged at 431. Well servicing rig hours for the month were 77,800 producing a rig utilization rate of 78%, compared to 78% and 67% in March 2012 and April 2011, respectively. Hours per weekday increased slightly despite the shortened workweek leading up to the Easter weekend. During...

2012-04-12 02:30:29

MIDLAND, Texas, April 12, 2012 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of March 2012. During the month, Basic added nine well servicing rigs from an acquisition, increasing the overall count to 431. Well servicing rig hours for the month were 80,600 producing a rig utilization rate of 78%, compared to 76% and 70% in February 2012 and March 2011, respectively. During the month, Basic's fluid service truck count...