Basic Energy reports lower rig utilization rates, Q1 revenue will be down 17%
Basic Energy CEO says oil prices under $30 WTI have caused many producers to cut back on projects Basic Energy Services, Inc. says rig utilization rates have plummeted over the past year and the Forth Worth, Texas-based company continues to stack equipment due to soft customer demand caused by low oil prices. Basic’s well servicing rig count
Basic Energy reports lower rig utilization rates, Q1 revenue will be down 17% Read More »