Basic Energy Services says Q1 was worse than industry expected
At end of Q1 2016 Basic Energy had stacked 134,000 hydraulic hp, 127 well servicing rigs Revenue is down and losses are up at Basic Energy Services, as the Fort Worth-based service company struggles with low prices along with the rest of oil patch. Basic Energy reported that Q1 2016 revenue declined 19 per cent to $130.4 million […]
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