Basic Energy Services, Inc. engages in the provision of well site services to oil and natural gas drilling and producing companies. It operates its business through the following segments: Completion and Remedial Services, Well Servicing, Water Logistics, and Corporate and Other. The Completion and Remedial Services segment utilizes coiled tubing services, air compressor packages specially configured for underbalanced drilling operations, an array of specialized rental equipment and fishing tools, thru-tubing, and snubbing units. The Well Servicing segment encompasses a full range of services performed with a mobile well servicing rig, including the installation and removal of downhole equipment and elimination of obstructions in the well bore to facilitate the flow of oil and natural gas. The Water Logistics segment focuses in the fleet of trucks and related assets, including specialized tank trucks, storage tanks, water wells, disposal facilities water treatment, and related equipment. The Corporate and Other segment comprises principally of working capital and debt financing costs. The company was founded in 1992 and is headquartered in Fort Worth, TX.
Company profile
Ticker
BASWQ, BASWQ
Exchange
Website
CEO
Thomas Patterson
Employees
Location
Fiscal year end
Industry (SIC)
Former names
BASIC ENERGY SERVICES INC, SIERRA WELL SERVICE INC
SEC CIK
Corporate docs
Subsidiaries
Basic Energy • Basic Energy Services LP, LLC • Basic ESA, Inc. • C&J Well Services, Inc. • KVS Transportation, Inc. • Indigo Injection #3, LLC • Indigo Injection #3-1, LLC • North Dakota SWD Well #1, LLC • SCH Disposal, L.L.C. • Taylor Industries, LLC ...
IRS number
542091194
BASWQ stock data
Latest filings (excl ownership)
REVOKED
Registration or securities revoked
23 May 23
8-K
Bankruptcy or Receivership
7 Oct 21
8-K
Departure of Directors or Certain Officers
27 Aug 21
8-K
Basic Energy Services Announces Asset Purchase Agreements with Axis Energy Services, Berry Corporation and Select Energy Services
18 Aug 21
NT 10-Q
Notice of late quarterly filing
17 Aug 21
8-K
Departure of Directors or Certain Officers
2 Aug 21
8-K
Entry into a Material Definitive Agreement
22 Jun 21
8-K
Entry into a Material Definitive Agreement
20 May 21
10-Q
2021 Q1
Quarterly report
17 May 21
8-K
Entry into a Material Definitive Agreement
4 May 21
Transcripts
Latest ownership filings
Financial summary
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Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
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Cash on hand (at last report) | 20.40 mm | 20.40 mm | 20.40 mm | 20.40 mm | 20.40 mm | 20.40 mm |
Cash burn (monthly) | (no burn) | 56.25 k | 11.25 mm | 12.22 mm | (no burn) | 820.17 k |
Cash used (since last report) | n/a | 2.06 mm | 412.45 mm | 447.68 mm | n/a | 30.06 mm |
Cash remaining | n/a | 18.34 mm | -392.05 mm | -427.27 mm | n/a | -9.66 mm |
Runway (months of cash) | n/a | 326.1 | -34.8 | -35.0 | n/a | -11.8 |
Institutional ownership, Q2 2022
38.9% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 2 |
Opened positions | 1 |
Closed positions | 1 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 0.00 |
Total shares | 803.70 k |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Susquehanna Advisors | 803.66 k | $0.00 |
Captrust Financial Advisors | 42.00 | $0.00 |