Basic Energy Services Overview
- Year Founded
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1992
- Status
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Acquired/Merged
- Employees
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2,800
- Latest Deal Type
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M&A
- Financing Rounds
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25
- Investments
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42
Basic Energy Services General Information
Description
Basic Energy Services Inc is a provider of well-site services to oil and natural gas drilling and producing companies. Its operating segments are Completion and Remedial Services, Well Servicing, and Water Logistics. The company generates maximum revenue from Well Servicing segment. Its Well Servicing segment performs a full range of services with a mobile well servicing rig, or workover rig, and ancillary equipment.
Contact Information
Website
www.basices.comCorporate Office
- 801 Cherry Street
- Suite 2100
- Fort Worth, TX 76102
- United States
Corporate Office
- 801 Cherry Street
- Suite 2100
- Fort Worth, TX 76102
- United States
Basic Energy Services Valuation & Funding
| Deal Type | Date | Amount | Valuation/ EBITDA |
Post-Val | Status | Debt |
|---|
Basic Energy Services Comparisons
Industry
Financing
Details
Basic Energy Services Competitors (15)
One of Basic Energy Services’s 15 competitors is RPC, a Corporation company based in Atlanta, GA.
| Company Name | Financing Status | Location | Employees | Total Raised | Last Financing Date/Type | Last Financing Amount |
|---|---|---|---|---|---|---|
| RPC | Corporation | Atlanta, GA | ||||
| ProPetro Holding | Formerly PE-Backed | Midland, TX | ||||
| Arabian Drilling | Corporation | Al-Khobar, Saudi Arabia | ||||
| NexTier Oilfield Solutions | Formerly PE-Backed | Houston, TX | ||||
| Weatherford International | Corporation | Houston, TX |
Basic Energy Services Patents
Basic Energy Services Recent Patent Activity
| Publication ID | Patent Title | Status | First Filing Date | Technology (CPC) | Citations |
|---|---|---|---|---|---|
| US-5419400-A | Method of preventing spills around a well head | Inactive | 13-May-1991 | ||
| US-5121796-A | Oil well spill trough | Inactive | 13-May-1991 |
Basic Energy Services Signals
Growth Rate
Growth
Size Multiple
Key Data Points
Similarweb Unique Visitors
Majestic Referring Domains
Basic Energy Services Former Investors
| Investor Name | Investor Type | Holding | Investor Since | Participating Rounds | Contact Info |
|---|
Basic Energy Services Investments & Acquisitions (42)
Basic Energy Services’s most recent deal was a Merger/Acquisition with NexTier Oilfield Solutions (C&J Well Services in San Angelo, Texas) for . The deal was made on 09-Mar-2020.
| Company Name | Deal Date | Deal Type | Deal Size | Industry | Lead Partner |
|---|---|---|---|---|---|
| NexTier Oilfield Solutions (C&J Well Services in San Angelo, Texas) | 09-Mar-2020 | Merger/Acquisition | Other Energy Services | ||
| Grey Rock Pressure Pumping | 31-Aug-2015 | Merger/Acquisition | Energy Infrastructure | ||
| Aerion Rental Services | 24-Jul-2015 | Merger/Acquisition | Environmental Services (B2B) | ||
| Harbor Resources | 17-Jul-2015 | Merger/Acquisition | Other Energy | ||
| Pioneer Fishing and Rental | 17-Sep-2014 | Merger/Acquisition | Other Commercial Services |
Basic Energy Services Exits (2)
Basic Energy Services’s most recent exit was on 20-Apr-2010 from New Tech Systems. The exit was categorized as .
| Company Name | Exit Date | Exit Type | Exit Size | Status | Buyers |
|---|---|---|---|---|---|
| New Tech Systems | 20-Apr-2010 | Completed |
|
||
| Frac Tank Rentals | 30-May-2007 | Merger/Acquisition | Completed |
Basic Energy Services Affiliates
Subsidiaries (4)
| Name | Industry | Location | Year Founded |
|---|---|---|---|
| Aerion Rental Services | Broussard, LA | 2007 | |
| New Force Energy Services | Yuma, CO | 2001 | |
| Basic Esa | Knox City, TX | 1981 | |
| Davis Tool | Hillsboro, OR | 1980 |
Basic Energy Services FAQs
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When was Basic Energy Services founded?
Basic Energy Services was founded in 1992.
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Where is Basic Energy Services headquartered?
Basic Energy Services is headquartered in Fort Worth, TX.
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What is the size of Basic Energy Services?
Basic Energy Services has 2,800 total employees.
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What industry is Basic Energy Services in?
Basic Energy Services’s primary industry is Other Energy Services.
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Is Basic Energy Services a private or public company?
Basic Energy Services is a Private company.
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What is the current valuation of Basic Energy Services?
The current valuation of Basic Energy Services is .
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What is Basic Energy Services’s current revenue?
The current revenue for Basic Energy Services is .
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How much funding has Basic Energy Services raised over time?
Basic Energy Services has raised $605M.
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Who are Basic Energy Services’s investors?
Anchor Resources, Avista Healthcare Partners, Credit Suisse, First Reserve, and Fortress Investment Group are 5 of 8 investors who have invested in Basic Energy Services.
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Who are Basic Energy Services’s competitors?
RPC, ProPetro Holding, Arabian Drilling, NexTier Oilfield Solutions, and Weatherford International are some of the 15 competitors of Basic Energy Services.
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When was Basic Energy Services acquired?
Basic Energy Services was acquired on 01-Oct-2021.
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Who acquired Basic Energy Services?
Basic Energy Services was acquired by Ranger Energy Services.
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