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Basic Energy Services reports selected operating data for December 2013


Published Jan 15, 2014
Basic Energy Services, Inc.

Basic Energy Services, Inc. reported selected operating data for the month of December 2013. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 62,400 producing a rig utilization rate of 61%, compared to 62% and 61% in November 2013 and December 2012, respectively.

During the month, Basic's fluid service truck count increased by 14 to 1,003. Fluid service truck hours for the month were 192,400 compared to 185,100 and 178,100 in November 2013 and December 2012, respectively.

Drilling rig days for the month were 267 producing a rig utilization rate of 72%, compared to the same rate in November 2013and 82% in December 2012.

Roe Patterson, Basic's President and Chief Executive Officer, stated, "Despite the adverse winter weather impact throughout most of our footprint in early December, activity levels in all of our business segments were very consistent with what we experienced in November. Some customers attempted to catch up from the delays they experienced earlier in December, creating an uptick in activity through the year-end holiday period.

Tags: Basic Energy Services




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