BASX Basic Energy Services Inc.

Basic Energy Services Announces Fourth Quarter and Year End 2019 Earnings Release and Conference Call Schedule

Basic Energy Services, Inc. (OTCQX: BASX) (“Basic”) announced today it will release its fourth quarter and year end 2019 financial results before the market opens on Thursday, March 12, 2020. In conjunction with the release, Basic has scheduled a conference call that will be broadcast live over the Internet on Thursday, March 12, 2020, starting at 9:00 a.m. Eastern Time (8:00 a.m. Central Time).

What:

Basic Energy Services Fourth Quarter 2019 Earnings Conference Call

When:

Thursday, March 12, 2020 – 9:00 a.m. Eastern Time

How:

Live via phone - Dial 412-902-0043 at least 10 minutes prior to the start time and ask for the Basic Energy Services call.

 

Live over the Internet - Log on to the web at the address below.

Where:

. The webcast can be accessed from the investor relations’ home page.

For those unable to listen to the live call, a replay will be available through March 29, 2020 by calling 201-612-7415 and using pass code 13699792#. Also, an archive of the webcast will be available shortly after the call on the company’s website at for approximately 30 days.

About Basic Energy Services

Basic Energy Services provides wellsite services essential to maintaining production from the oil and gas wells within its operating areas. The Company’s operations are managed regionally and are concentrated in major United States onshore oil-producing regions located in Texas, New Mexico, Oklahoma, Arkansas, Kansas, Louisiana, Wyoming, North Dakota, California and Colorado. Our operations are focused in liquids-rich basins that have historically exhibited strong drilling and production economics in recent years with a significant presence in the Permian Basin, Powder River Basin, and the Bakken, Eagle Ford, and Denver-Julesburg shales. We provide our services to a diverse group of over 2,000 oil and gas companies. Additional information is available on the Company’s website at .

EN
02/03/2020

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on Basic Energy Services Inc.

 PRESS RELEASE

Basic Energy Services Announces Forbearance Agreements and Super Prior...

FORT WORTH, Texas--(BUSINESS WIRE)-- Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) today announced that the termination date in the existing Forbearance Agreement with its ABL lenders and the existing Ascribe Consent Letter has been extended to May 23, 2021, and that the lenders under its recently announced Super Priority Credit Agreement have agreed to extend the maturity date of that agreement to May 23, 2021 (in each case, with corresponding adjustments to certain interim milestones contained therein). In addition, Basic also announced that it had entered into agreeme...

 PRESS RELEASE

Basic Energy Services Announces Completion of Sale-Leaseback Transacti...

FORT WORTH, Texas--(BUSINESS WIRE)-- Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) today announced that it has completed a sale-leaseback transaction related to certain real property in Los Angeles County, California. The purchase price for the property consisted of $10.5 million, subject to a holdback of approximately $2.6 million for certain improvements to be constructed at the property. The Company is entitled to reimbursement of any remaining balance of said holdback funds to the extent not fully expended for the intended purpose. The Company has entered into a simu...

 PRESS RELEASE

Basic Energy Services Agrees to Sell Non-Core Assets

FORT WORTH, Texas--(BUSINESS WIRE)-- Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) today announced it has entered into a purchase and sale agreement for the sale of certain non-core assets for a purchase price of $6.6 million, not including the assumption of certain capital leases with a remaining balance of approximately $0.7 million and earn-out payment of up to $1.0 million payable one year after closing. The closing date is anticipated to occur approximately thirty days after the execution of the purchase and sale agreement. The sale includes heavy duty trucks, light...

 PRESS RELEASE

Basic Energy Services Elects to Utilize Interest Payment Grace Period ...

FORT WORTH, Texas--(BUSINESS WIRE)-- Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) today announced it has elected to utilize the 30-day grace period under the terms of the indenture governing its 10.75% senior secured notes due 2023 (the “Notes”) with respect to a $16.335 million interest payment due today. Basic believes it is in the best interests of all stakeholders to use the grace period to continue its ongoing discussions with its debtholders regarding strategic alternatives to improve Basic’s long-term capital structure. Basic also announced today it has entered ...

 PRESS RELEASE

Basic Energy Services Announces Extension of Deadlines for Private Exc...

FORT WORTH, Texas--(BUSINESS WIRE)-- Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) today announced that it has extended certain deadlines in connection with its previously announced private offer to exchange (the “Exchange Offer”) its 10.75% Senior Secured Notes due 2023 (the “Existing Notes”) for newly issued 11.00% Senior Secured Notes due 2025 (the “New Notes”), the related offering (the “Rights Offering”) of rights to subscribe (each, a “Subscription Right”) to purchase 9.75% Super Priority Lien Senior Secured Notes due 2025 (the “New Super Priority Notes”) to be iss...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch