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Basic Energy Services reports selected operating data for March 2014


Published Apr 9, 2014
Basic Energy Services, Inc.

Basic Energy Services, Inc. reported selected operating data for the month of March 2014. Basic's well servicing rig count was 421 at March 31, 2014, a decrease of four rigs, reflecting the recent sale of its four inland barge workover rigs, which was effective at the end of the month. Well servicing rig hours for the month were 74,800, producing a rig utilization rate of 76%, compared to 73% and 74% in February 2014 andMarch 2013, respectively.

During the month, Basic's fluid service truck count increased by four to 1,012. Fluid service truck hours for the month were 211,000, compared to 189,000 and 192,300 in February 2014 and March 2013, respectively.

Tags: Basic Energy Services




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