Basic Energy Services, Inc.
BASX
Other OTC0.06
USD
-0.11
- -
CIK
0001109189
ISIN
US06985P2092
CUSIP
06985P209
Return %
Stock
S&P500
1Y
- -
19.01
3Y
- -
65.48
5Y
- -
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- CEO
- James F. Newman
- Full Time Employees
- 2,800
- Sector
- Energy
- Industry
- Oil & Gas Equipment & Services
- Address
- 801 Cherry Street Fort Worth TX United States of America
- IPO Date
- Dec 9, 2005
- CIK
- 0001109189
- Website
- basices.com
- Similar Companies
- Business
- Basic Energy Services, Inc. (BASX) operates as a residual entity following its 2021 Chapter 11 bankruptcy filing and subsequent asset sales, having previously provided integrated onshore oilfield services to oil and natural gas exploration and production companies across the United States. The company, founded in 1992 and formerly headquartered in Fort Worth, Texas, offered core services including well servicing with mobile rigs; water logistics encompassing trucking, disposal, and treatment; completion and remedial services such as coiled tubing, pumping, pressure management, wireline logging, frac fluid blending, cementing, nitrogen pumping, acidizing, and environmental waste management; drilling fluids and solids control; and production maintenance. Its operations spanned major basins like the Permian, Eagle Ford, Bakken, Mid-Continent, and others in states including Texas, New Mexico, Oklahoma, North Dakota, Louisiana, Wyoming, Colorado, Arkansas, and California, supported by a network of field locations, fluid facilities, and disposal wells. In recent major changes, Basic Energy Services entered bankruptcy in August 2021 amid COVID-19 challenges and market pressures, selling key assets including well servicing, fishing and rental tools, coiled tubing, and related properties in Texas, New Mexico, Oklahoma, and North Dakota to Ranger Energy Services for $36.65 million in September 2021; other assets went to Axis Energy Services, Berry Corporation, and Select Energy Services, resulting in significant job reductions and operational wind-down by late 2021. The ticker now trades nominally on OTC markets with minimal market cap, reflecting its post-liquidation status.
BASX Powers Advanced Cooling Innovation for Applied Digital's Purpose-Built AI Data Center Campus
Basic Energy Services Announces Asset Purchase Agreements with Axis Energy Services, Berry Corporation and Select Energy Services
Basic Energy Services Acquires Well Services Business From NexTier to Create Leading Well Servicing Provider in the U.S.
Basic Energy Services Announces Fourth Quarter and Year End 2019 Earnings Release and Conference Call Schedule