Basic Energy Services, Inc.

On August 26, 2022, Basic Energy Services, Inc. went out of business as per its Chapter 11 liquidation filing under bankruptcy. Basic Energy Services, Inc. provides wellsite services to oil and natural gas drilling and producing companies in the United States. As of December 31, 2020, this segment operated a fleet of 514 well servicing rigs. The company’s Water Logistics segment provides oilfield fluid supply, transportation, storage, and midstream services, such as the operation of company-owned fresh water and brine source wells and of non-hazardous wastewater disposal wells; sale and transportation of fresh and brine water; transportation of fluids used in drilling, completion, workover, and flowback operations; and saltwater produced as a by-product; rental of portable fracturing tanks and test tanks; recycling and treatment of wastewater, including produced water and flowback; and construction and maintenance of oil and natural gas production infrastructures. This segment owned and operated 1,193 water logistics trucks with an average fluid hauling capacity of up to 150 barrels and owned 80 saltwater disposal wells. The company was formerly known as Sierra Well Service, Inc. and changed its name to Basic Energy Services, Inc. in 2000. Basic Energy Services, Inc. was founded in 1992 and is headquartered in Fort Worth, Texas.