Overview
Basic
Basic Energy Services make wells flow. It provides onshore well-site services to the domestic oil & natural gas industry across the US. This includes completion and remedial services, water logistics, well servicing, and manufacturing and rig servicing was realigned with Well Servicing segment. The company has significant presence in liquids-rich basins, including the Permian Basin and the Bakken, Eagle Ford, Haynesville, and Denver-Julesburg.
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Read More Customers include a motley of some 2,000 oil and gas companies.
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Read More Customers include a motley of some 2,000 oil and gas companies.
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Robert Reeb
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Support Activities for Mining
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Mining, Quarrying, and Oil and Gas Extraction
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Servicing oil and gas wells
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Swabbing wells
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Contacts
Get in Touch with 4 Principals* and 183 Contacts
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Robert ReebPresident and Secretary and Treasurer
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Contact 2?
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Contact 3?
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Contact 4?
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Financial Statements
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Financial data as of ? (12 month period) in USD
Annual Revenue 2020
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USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Net Operating Cash | -$20 | $20 | $74 |
| Net Investing Cash | -$10 | -$39 | -$51 |
| Net Financing Cash | $4 | -$35 | -$19 |
| Net Change in Cash | -$26 | -$54 | $4 |
| Cash at Beginning of Period | $36 | $90 | $86 |
| Cash at End of Period | $10 | $36 | $90 |
| Capital Expenditure | -$8 | -$55 | -$69 |
| Assets (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $2 | $36 | $90 |
| Accounts Receivable | $60 | $100 | $145 |
| Inventories | $9 | $20 | $30 |
| Other Current Assets | $24 | $64 | $30 |
| Asset Summary | |||
| Total Current Assets | $95 | $220 | $295 |
| Tangible Fixed Assets | $220 | $312 | $309 |
| Intangible Assets | $8 | $4 | $3 |
| Total Assets | $349 | $550 | $762 |
| Liabilities (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $65 | $60 | $98 |
| Short-Term Debt | $ | $ | $ |
| Other Current Liabilities | $96 | $88 | $79 |
| Liability Summary | |||
| Total Current Liabilities | $161 | $148 | $177 |
| Long-Term Debt | $314 | $295 | $319 |
| Other Long-Term Liabilities | $1 | $3 | $16 |
| Total Liabilities | $552 | $509 | $542 |
| Stakeholder's Equity (mil) | 2020 | 2019 | 2018 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | -$691 | -$423 | -$241 |
| Equity Summary | |||
| Total Equity | -$203 | $41 | $219 |
| Shares Outstanding | 24,899,932 | 24,904,485 | 26,747,712 |