Basic Energy Services Inc (NYSE:BAS)

Basic Energy Services, Inc. provides a wide range of well site services to oil and natural gas drilling and producing companies, including completion and remedial services, fluid services and well site construction services, well servicing and contract drilling. The company operates its business through four segments: Completion and Remedial Services, Fluid Services, Well Servicing, and Contract Drilling. The Completion and Remedial Services segment utilizes a fleet of pressure pumping units, an array of specialized rental equipment and fishing tools, coiled tubing units, snubbing units, thru-tubing, air compressor packages specially configured for underbalanced drilling operations, cased-hole wireline units and nitrogen units. The largest portion of this business consists of pumping services focused on cementing, acidizing and fracturing services in niche markets. The Fluid Services segment utilizes a fleet of trucks and related assets, including specialized tank trucks, storage tanks, water wells, disposal facilities, construction and other related equipment. The Well Servicing business segment encompasses a full range of services performed with a mobile well servicing rig, including the installation and removal of downhole equipment and elimination of obstructions in the well bore to facilitate the flow of oil and natural gas. These services are performed to establish, maintain and improve production throughout the productive life of an oil and natural gas well and to plug and abandon a well at the end of its productive life. The Contract Drilling segment utilizes drilling rigs and associated equipment for drilling wells to a specified depth for customers on a contract basis. Basic Energy Services was founded in 1992 and is headquartered in Fort Worth, TX.