Latest Basic Energy Services Inc. Stories

MIDLAND, Texas, Sept. 28, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the Johnson Rice Third Annual Energy Conference to be held in New Orleans, Louisiana on October 3 - 6, 2011. Alan Krenek, Senior Vice President - Chief Financial Officer and Treasurer, is scheduled to present on Thursday, October 6, 2011, at approximately 9:00 a.m. Central Time . A link to the live webcast and replay will be available in the Investor...

MIDLAND, Texas, Sept. 27, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today it will release its third quarter 2011 financial results after the market closes on Thursday, October 20, 2011. In conjunction with the release, Basic has scheduled a conference call that will be broadcast live over the Internet on Friday, October 21, 2011, starting at 9:00 a.m. Eastern Time (8:00 a.m. Central). Basic Energy Services Third Quarter 2011...

MIDLAND, Texas, Sept. 12, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of August 2011. During the month, Basic added five well servicing rigs from its acquisition of Pat's P&A, Inc., increasing its well servicing fleet to 417 as of August 31, 2011. Well servicing rig hours for the month of August 2011 were 78,800 producing a rig utilization rate of 75%, an increase from 73% and 57% in July 2011 and August...

MIDLAND, Texas, Aug. 30, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the Barclays Capital 2011 CEO Energy-Power Conference to be held in New York, New York on September 6 - 8, 2011. Ken Huseman, President and Chief Executive Officer, is scheduled to present on Wednesday, September 7, 2011, at approximately 7:45 a.m. Eastern Time. A link to the live webcast and replay will be available in the Investor Relations section...

MIDLAND, Texas, Aug. 12, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the EnerCom's 2011 The Oil and Gas Conference® to be held in Denver, Colorado on August 14 - 18, 2011. Ken Huseman, President and Chief Executive Officer, is scheduled to present on Wednesday, August 17, 2011, at approximately 11:20 a.m. Mountain Time (1:20 p.m. Eastern Time). A link to the live webcast and replay will be available in the Investor...

MIDLAND, Texas, Aug. 8, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of July 2011. Basic's well servicing rig count remained unchanged at 412 as of July 31, 2011. Well servicing rig hours for the month of July were 69,000 producing a rig utilization rate of 73%, a slight decrease from 74% in June 2011 and an increase from 50% in July 2010. Basic's fluid service truck count as of July 31, 2011 increased to 871...

MIDLAND, Texas, July 27, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced the pricing of a secondary public offering of 5,000,000 shares of common stock owned by DLJ Merchant Banking Partners III, L.P. and affiliated funds (the "Selling Stockholders") at $32.50 per share. The underwriters have been granted a 30-day option to purchase up to 750,000 additional shares from the Selling Stockholders. Basic will not receive any proceeds from the offering and...

MIDLAND, Texas, July 25, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced the commencement of a secondary public offering of 9,000,000 shares of common stock owned by DLJ Merchant Banking Partners III, L.P. and affiliated funds (the "Selling Stockholders"). The underwriters are expected to be granted a 30-day option to purchase up to 1,350,000 additional shares from the Selling Stockholders. Basic will not receive any proceeds from the offering and the...

MIDLAND, Texas, July 21, 2011 /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, 2011. SECOND QUARTER 2011 HIGHLIGHTS Net income as reported was $16.6 million, or $0.40 per diluted share, in the second quarter of 2011, compared to a net loss of $10.7 million for the second quarter of 2010, or $0.27 per share. The current quarter results included a $1.9 million tax...

MIDLAND, Texas, July 11, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today that it has completed the acquisition of the outstanding equity interests of the Maverick group of companies ("Maverick") for a total cash consideration of $180.0 million, net of working capital acquired. Maverick, founded in 1996, provides stimulation, coil tubing and thru-tubing services from operating bases in Ft. Morgan, Grand Junction and Trinidad, Colorado; Farmington, New...