Basic Energy Services Overview

  • Year Founded
  • 1992

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 2,800

Employees

  • Latest Deal Type
  • M&A

  • Financing Rounds
  • 25

  • Investments
  • 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.com
Formerly Known As
Sierra Well Service
Ownership Status
Acquired/Merged
Financing Status
Formerly PE-Backed
Corporate Office
  • 801 Cherry Street
  • Suite 2100
  • Fort Worth, TX 76102
  • United States
Primary Industry
Other Energy Services
Vertical(s)
Former Stock Listing
BASXQ
Corporate Office
  • 801 Cherry Street
  • Suite 2100
  • Fort Worth, TX 76102
  • United States

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Basic Energy Services Valuation & Funding

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

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Basic Energy Services Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Basic Energy Services Inc is a provider of well-site services to oil and natural gas drilling and producing companies. I
Other Energy Services
Fort Worth, TX
2,800 As of 2020

Atlanta, GA
 

Midland, TX
 
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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
You’re viewing 5 of 15 competitors. Get the full list »

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

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Basic Energy Services Former Investors

Investor Name Investor Type Holding Investor Since Participating Rounds Contact Info

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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
You’re viewing 5 of 42 investments and acquisitions. Get the full list »

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
To view Basic Energy Services’s complete exits history, request access »

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

  • When was Basic Energy Services founded?

    Basic Energy Services was founded in 1992.

  • Where is Basic Energy Services headquartered?

    Basic Energy Services is headquartered in Fort Worth, TX.

  • What is the size of Basic Energy Services?

    Basic Energy Services has 2,800 total employees.

  • What industry is Basic Energy Services in?

    Basic Energy Services’s primary industry is Other Energy Services.

  • Is Basic Energy Services a private or public company?

    Basic Energy Services is a Private company.

  • What is the current valuation of Basic Energy Services?

    The current valuation of Basic Energy Services is .

  • What is Basic Energy Services’s current revenue?

    The current revenue for Basic Energy Services is .

  • How much funding has Basic Energy Services raised over time?

    Basic Energy Services has raised $605M.

  • 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.

  • 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.

  • When was Basic Energy Services acquired?

    Basic Energy Services was acquired on 01-Oct-2021.

  • Who acquired Basic Energy Services?

    Basic Energy Services was acquired by Ranger Energy Services.

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