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Basic Energy Services, Inc. Message Board

  • chicagorep chicagorep Nov 15, 2012 8:32 AM Flag

    Decent report -

    7:22AM Basic Energy Services reports October operating data; well servicing rig hours for the month were 78,600 producing a rig utilization rate of 72% (BAS) 9.28 : Basic's well servicing rig count remained unchanged at 431. Well servicing rig hours for the month were 78,600 producing a rig utilization rate of 72%, compared to 71% and 78% in September 2012 and October 2011, respectively. During the month, Basic's fluid service truck count increased by 11 trucks to 951. Fluid service truck hours for the month were 194,700 compared to 175,000 and 193,500 in September 2012 and October 2011, respectively. Drilling rig days for the month were 315 producing a rig utilization of 85%, compared to 80% and 90% in September 2012 and October 2011, respectively.

    Sentiment: Buy

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BAS
6.04+0.11(+1.85%)Jul 31 4:01 PMEDT