Basic Energy Services (BASWQ) DEFA14A Additional proxy soliciting materials

Exhibit 99.2

ITEM 6.  SELECTED FINANCIAL DATA

     The following table sets forth our selected historical financial information for the periods shown. The following information should be read in conjunction with “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and our financial statements included elsewhere in this report. The amounts for each historical annual period presented below were derived from our audited financial statements.

	Year Ended December 31,
	2007			2006			2005			2004			2003
	(Dollars in thousands, except per share data)
Statement of Operations Data:
Revenues:
Well servicing	$	342,697		$	323,755		$	221,993		$	142,551		$	104,097
Fluid services		259,324			245,011			177,927			139,610			61,994
Completion and remedial services		240,692			154,412			59,832			29,341			14,808
Contract drilling		34,460			6,970			—			—			—
Total revenues		877,173			730,148			459,752			311,502			180,899
Expenses:
Well servicing		205,132			178,028			137,392			98,058			73,244
Fluid services		165,327			153,445			114,551			96,621			41,006
Completion and remedial services		125,948			74,981			30,900			17,481			9,363
Contract drilling		22,510			8,400			—			—			—
General and administration(a)		99,042			81,318			55,411			37,186			22,722
Depreciation and amortization		93,048			62,087			37,072			28,676			18,213
Loss (gain) on disposal of assets		477			277			(222	)		2,616			391
Total expenses		711,484			558,536			375,104			280,638			164,939
Operating income		165,689			171,612			84,648			30,864			15,960
Other income (expense):
Net interest expense		(25,136	)		(15,504	)		(12,660	)		(9,550	)		(5,174	)
Gain (loss) on early extinguishment of debt		(230	)		(2,705	)		(627	)		—			(5,197	)
Other income (expense)		176			169			220			(398	)		146
Income (loss) from continuing operations before income taxes		140,499			153,572			71,581			20,916			5,735
Income tax (expense) benefit		(52,766	)		(54,742	)		(26,800	)		(7,984	)		(2,772	)
Income (loss) from continuing operations		87,733			98,830			44,781			12,932			2,963
Discontinued operations, net of tax		—			—			—			(71	)		22
Cumulative effect of accounting change, net of tax		—			—			—			—			(151	)
Net income (loss)		87,733			98,830			44,781			12,861			2,834
Preferred stock dividend		—			—			—			—			(1,525	)
Accretion of preferred stock discount		—			—			—			—			(3,424	)
Net income (loss) available to common stockholders	$	87,733		$	98,830		$	44,781		$	12,861		$	(2,115	)
Basic earnings (loss) per share of common stock:	$	2.19		$	2.87		$	1.57		$	0.46		$	(0.09	)
Diluted earnings (loss) per share of common stock:	$	2.13		$	2.56		$	1.35		$	0.42		$	(0.09	)
Other Financial Data:
Cash flows from operating activities		198,591			145,678			99,189			46,539			29,815
Cash flows from investing activities		(294,103	)		(241,351	)		(107,679	)		(73,587	)		(84,903	)
Cash flows from financing activities		136,088			114,193			21,188			21,498			79,859
Capital expenditures:
Acquistions, net of cash acquired		199,673			135,568			25,378			19,284			61,885
Property and equipment		98,536			104,574			83,095			55,674			23,501

(a) Includes approximately $3,964,000, $3,429,000, $2,890,000, $1,587,000, and $994,000 of non-cash stock compensation expense of ended December 31, 2007, 2006, 2005, 2004 and 2003, respectively.

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	As of December 31,
	2007		2006		2005		2004		2003
	(Dollars in thousands)
Balance Sheet Data:
Cash and cash equivalents	$	91,941	$	51,365	$	32,845	$	20,147	$	25,697
Property and equipment, net		636,924		475,431		309,075		233,451		188,243
Total assets		1,143,609		796,260		496,957		367,601		302,653
Long-term debt		406,306		250,742		119,241		170,915		142,116
Stockholders’ equity (deficit)		524,821		379,250		258,575		121,786		107,295

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