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Basic Energy Services, Inc. · Midland, TX United States ·(NYSE: BAS)

Company Description

500 W. Illinios Ste. 800
Midland, TX
79701
United States (Map)
Phone: 432-620-5500
Fax: 432-620-5501
Rankings
  • S&P 600
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Oil and gas producers turn to Basic Energy Services for the fundamentals. The company provides well site services with its fleet of well-servicing rigs (at more than 410, the third-largest in the US behind Key Energy Services and Nabors Industries), 820 fluid service trucks, and related equipment. These services include acidizing, cementing, fluid handling, fracturing, well construction, well maintenance, and workover. Basic Energy Services serves about 2,000 producers operating in Louisiana, New Mexico, Oklahoma, and Texas. It also has a contract drilling operation. Investment firm DLJ Merchant Banking Partners III, L.P., owns 44.4% of the company. To read the full description, subscribe now.
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Key Basic Energy Services, Inc. Financials

Company TypePublic - NYSE: BAS

Headquarters
Fiscal Year-EndDecember
2008 Sales (mil.)$1,004.9
2008 Employees5,000

Basic Energy Services, Inc. Executives

15 executives listed for Basic Energy Services, Inc.'s Midland, TX location.
TitleName & BioContact
ChairmanSteven WebsterNetwork
President, CEO, and DirectorKenneth HusemanNetwork
SVP Operations SupportCharles SwiftNetwork

Competition

Competitive Landscape for Basic Energy Services, Inc.
Demand for natural gas depends partly on the health of the US economy and partly on the price of crude oil, a competitive product. The profitability of natural gas companies depends largely on the efficiency of their operations. There are large economies of scale in the production, processing, and distribution of gas, but small companies can effectively compete with large ones in exploration, where technical ability is more important than size. To read the full description, subscribe now.
Top Basic Energy Services, Inc. Competitors
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