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Business Basic Energy Services releases November report

Basic Energy Services releases November report

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Robert Francis
Robert Francis
Robert is a Fort Worth native and longtime editor of the Fort Worth Business Press. He is a former president of the local Society of Professional Journalists and was a freelancer for a variety of newspapers, weeklies and magazines, including American Way, BrandWeek and InformatonWeek. A graduate of TCU, Robert has held a variety of writing and editing positions at publications such as the Grand Prairie Daily News and InfoWorld. He is also a musician and playwright.

A. Lee Graham

Reporter

Basic Energy Services Inc.’s well-servicing rig count has remained unchanged at 421, according to the Fort Worth company’s newly released selected operating data for the month of November 2014.

 

Meanwhile, well-servicing rig hours for the month totaled 62,300, producing a rig utilization rate of 67 percent, compared to 73 percent and 61 percent in October 2014 and November 2013, respectively.

 

During the month, the firm’s fluid service truck count increased by two to 1,042. Fluid service truck hours for the month totaled 210,400 compared to 234,800 and 185,100 in October 2014 and November 2013, respectively.

 

Drilling rig days for November totaled 298, producing a rig utilization of 83 percent, compared to 88 percent and 72 percent in October 2014 and November 2013, respectively.

 

“We were generally pleased with our November results,” said president and CEO Roe Patterson in a news release.

“While we experienced the normal impact from the extended Thanksgiving holiday and some rainy conditions early in the month, overall activity levels were slightly above our expectations.”

 

Most impacted by the wet weather were the company’s Permian Basin and Mid-Continent operations, Patterson said. 

Basic Energy Services, which provides oil and gas well-site services, employs more than 5,800 workers in Texas, Louisiana, Oklahoma, New Mexico, Arkansas, Kansas and the Rocky Mountain and Appalachian regions. More information is available at www.basicenergyservices.com.

 

lgraham@bizpress.net

 

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