Basic Energy reports Sept. well servicing rig count unchanged at 425

theflyonthewall.com

Basic Energy Services reported selected operating data for the month of September. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 69,300 producing a rig utilization rate of 71%, compared to 77% and 71% in August and September 2012, respectively. During the month, Basic's fluid service truck count decreased by one to 969. Fluid service truck hours for the month were 189,600 compared to 200,300 and 175,000 in August and September 2012, respectively. Drilling rig days for the month were 267 producing a rig utilization of 74%, compared to 75% and 80% in August and September 2012, respectively.

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