Latest Basic Energy Services Inc. Stories

MIDLAND, Texas, March 7, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of February 2011. Basic's well servicing rig count remained constant at 412 as of February 28, 2011. Well servicing rig hours for the month of February 2011 were 53,300, producing a rig utilization rate of 59%, a decrease from 61% in January 2011 and an increase from 46% in February 2010. During the month, Basic's fluid service truck count...

MIDLAND, Texas, March 3, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the Raymond James 32nd Annual Institutional Investors Conference to be held in Orlando, Florida on March 6-9, 2011. Alan Krenek, Senior Vice President - Chief Financial Officer and Treasurer, is scheduled to present on Tuesday, March 8, 2011, at approximately 8:05 a.m. Eastern Time. A link to the live webcast and replay will be available in the...

MIDLAND, Texas, Feb. 22, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at the J.P. Morgan Global High Yield & Leveraged Finance Conference to be held in Miami, Florida on February 28 to March 2, 2011. Alan Krenek, Senior Vice President - Chief Financial Officer and Treasurer, is scheduled to present on Monday, February 28, 2011, at approximately 3:20 p.m. Eastern Time. Basic Energy Services provides well site services...

MIDLAND, Texas, Feb. 16, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced its financial and operating results for the fourth quarter and twelve months ended December 31, 2010. FOURTH QUARTER 2010 Fourth quarter revenue rose 8% to $212.9 million from $197.3 million in the third quarter of 2010, and increased 66% from $128.1 million reported in the fourth quarter of 2009. For the fourth quarter of 2010, Basic reported a net loss of $2.0 million, or $0.05...

MIDLAND, Texas, Feb. 15, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced that it will redeem on March 17, 2011, the redemption date, all $285,000 of the outstanding principal amount of its 11.625% Senior Secured Notes due 2014 (CUSIP 06985P AF7) (the "Notes") not tendered and purchased by Basic in a pending tender offer. The redemption price is equal to 100% of the principal amount of the Notes, plus the applicable premium as of, and accrued and...

MIDLAND, Texas, Feb. 15, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today announced that it had received, as of 5:00 p.m., New York City Time, on February 14, 2011 (the "Consent Expiration") tenders and consents from the holders of $224.7 million in aggregate principal amount, or approximately 99.9%, of its outstanding $225,000,000 11.625% Senior Secured Notes due 2014 (the "Notes") in connection with its previously announced cash tender offer and consent...

MIDLAND, Texas, Feb. 15, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that the Company will be presenting at EnerCom's The Oil & Services Conference(TM) IX to be held in San Francisco, California on February 22 - 24, 2011. Alan Krenek, Senior Vice President - Chief Financial Officer and Treasurer, is scheduled to present on Thursday, February 24, 2011, at approximately 8:25 a.m. Pacific Time (11:25 p.m. Eastern). A link to the live webcast and replay...

MIDLAND, Texas, Feb. 10, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today it has rescheduled the release of its 2010 fourth quarter and year-end financial results from Tuesday, February 22, 2011 to Wednesday, February 16, 2011 after the close of market. In conjunction with the earnings release, Basic has scheduled a conference call that will now be broadcast live over the Internet on Thursday, February 17, starting at 9:00 a.m. Eastern Time (8:00 a.m....

MIDLAND, Texas, Feb. 9, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of January 2011. Basic's well servicing rig count remained the same at 412 as of January 31, 2011. Well servicing rig hours for the month of January 2011 were 58,500 producing a rig utilization rate of 61%, an increase from 53% and 42% in December 2010 and January 2010, respectively. Basic's fluid service truck count increased to 819 as of...

MIDLAND, Texas, Feb. 3, 2011 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that it has priced an upsized private offering of $275 million of Senior Notes due 2019, which will bear interest at a rate of 7.750% per annum, increased from the previously announced amount of $250 million. The notes are being sold at 100.000% of their face amount. Basic Energy Services expects to close the sale of the notes on February 15, 2011, subject to the satisfaction of customary...