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Basic Energy Services

Basic Energy Services
1992 FOUNDED
PUBLIC STATUS
1K-5K EMPLOYEES
BAS STOCK SYMBOL
41 INVESTMENTS
$1.73 SHARE PRICE (As of Tuesday Closing)
Description

Basic Energy Services Inc is a provider of well site services to oil and natural gas drilling and producing companies, including completion and remedial services, water logistics, well servicing and contract drilling. Its operations are managed regionally and are concentrated in major United States onshore oil and natural gas producing regions. Its operating segments are Completion and Remedial Services, Well Servicing, Water Logistics, and Contract Drilling. It derives key revenue from the Completion and Remedial Services segment which covers operation of fleet of 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 and nitrogen units.

Formerly Known As
Sierra Well Service
Ownership Status
Publicly Held
Financing Status
Formerly PE-Backed
Primary Industry
Other Energy Services
Other Industries
Energy Exploration
Stock Exchange
NYS
Primary Office
  • 801 Cherry Street
  • Suite 2100
  • Fort Worth, TX 76102
  • United States

+1 (817) 000-0000
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Basic Energy Services Stock Performance

52 wk Range Market Cap Prev. Close EPS Average Volume Shares
$1.21 - $12.12 $44.7M $2.09 -$4.83 459K 25.8M

Basic Energy Services Financials Summary

In Thousands,
USD
TTM
30-Jun-2019
FY 2018
31-Dec-2018
FY 2017
31-Dec-2017
FY 2016
31-Dec-2016
Enterprise Value 351,567 388,886 887,892 1,873,965
Revenue 863,735 964,720 864,041 547,497
EBITDA 29,598 20,621 43,309 175,355
Net Income (129,265) (144,597) (96,674) (123,373)
Total Assets 701,823 761,777 820,480 768,160
Total Debt 358,764 349,740 315,239 223,220
Public Fundamental Data provided by Morningstar, Inc. disclaimer

Basic Energy Services Valuation and Funding

Deal Type Date Amount Post-Val Valuation/
EBITDA
Debt Status

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Basic Energy Services Competitors (9)

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Nine Energy Service Formerly PE-Backed Houston, TX 0000 00000 000000000 00000
000000 0000000000 Corporation Hamilton, Bermuda 00000 000000000000
00000 00000 Private Equity-Backed Houston, TX 0000 00000 000000&0 00000
000 000000 0000000 Private Equity-Backed Houston, TX 0000 000.00 0&0
00000 000000000000 Formerly VC-backed The Woodlands, TX 0000 000.00 00000000 000.00
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Basic Energy Services Investments & Acquisitions (41)

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
0000 0000 00000000 31-Aug-2015 000000000000000000 000.00 Energy Infrastructure
000000 000000 0000 24-Jul-2015 000000000000000000 000 Environmental Services (B2B) 0000000 0000000
000000 000000000 17-Jul-2015 000000000000000000 00.00 Energy Exploration
0000000 0000000 00 17-Sep-2014 000000000000000000 0000 Other Commercial Services
Karnes Water Management 31-Dec-2013 Merger/Acquisition 00.00 Environmental Services (B2B)
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Basic Energy Services Exits (2)

Company Name Exit Date Exit Type Exit Size Status Buyers
000 0000 0000000 20-Apr-2010 000000000000000000 00000 Completed
  • 00000 000000 00000
Frac Tank Rentals 05-Jun-2007 Merger/Acquisition 00.000 Completed
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Basic Energy Services Subsidiaries (6)

Company Name Industry Location Founded
Platinum Pressure Services Energy Exploration Decatur, TX 2007
000000 000000 0000 Environmental Services (B2B) Broussard, LA 0000
000 00000 000000 0 Oil and Gas Equipment Yuma, CO 0000
00000 0000 Industrial Supplies and Parts Hillsboro, OR 0000
000000 0000000000 Oil and Gas Equipment Tulsa, OK 0000
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Basic Energy Services Executive Team (32)

Name Title Board
Seat
Contact
Info
Jerry Tufly President, Sole Manager, Secretary and Treasurer
David Schorlemer Senior Vice President & Chief Financial Officer
Brett Taylor Chief Technology Officer & Vice President
Mike Dye Director Financial Services
James Newman Senior Vice President

14 Former Executives

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Basic Energy Services Board Members (6)

Name Representing Role Since Contact
Info
00000 0000 Self Board Member 000 0000
0000000 000 Basic Energy Services Board Member 000 0000

4 Former Board Members

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