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Home > Company Index > Energy > Oil & Gas Services > Basic Energy Services, Inc.

Basic Energy Services, Inc.
 PROFILE
Oil and gas producers turn to Basic Energy Services for the fundamentals. The company, formerly Sierra Well Service, provides well site services with its fleet of well-servicing rigs (at 141, the third-largest in the US behind Key Energy and Pool Energy), fluid service trucks, and related equipment. The company's services include well maintenance, workover, and fluid handling. Basic Energy serves oil and gas producers operating in Louisiana, New Mexico, Oklahoma, and Texas. It acts as a consolidator in the fragmented well services industry and has acquired 16 smaller rivals since 1996. Chairman H. H. Wommack III owns 67% of Basic Energy.

 COMPETITION
Halliburton Company (HAL)
Key Energy Services, Inc. (KEG)
Nabors Industries, Inc. (NBR)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 37.30
1-Yr. Sales Growth: (17.6)%
Employees: 646
Revenue per employee: $57,739.94

 KEY PEOPLE
• Kenneth V. Huseman
    CEO
• Jim Carter
    CFO

 CONTACT INFO
406 N. Big Spring
Midland, TX 79701
US
Phone: 915-570-0829
Fax: 915-570-0437
Online: Web Site

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