Sep. 9, 2009 (PR Newswire) --
MIDLAND, Texas, Sept. 9 /PRNewswire-FirstCall/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") today reported selected operating data for the month of August 2009. During the month, Basic's well servicing rig count remained unchanged at 414. Well servicing rig hours for the month of August 2009 were 41,400 producing a rig utilization rate of 43%, an increase from 38% in July 2009 and a decrease from 82% in August 2008.
Drilling rig days for the month of August 2009 were 146 producing a rig utilization of 52%, an increase from 45% in July 2009 and a decrease from 93% in August 2008.
Basic's fluid services truck fleet remained unchanged at 805 trucks as of August 31, 2009.
Ken Huseman, Basic's President and Chief Executive Officer, stated, "Our activity levels improved across all of our service lines in August, consistent with recent months, as the modest improvements in oil-driven markets more than offset the continued weakness in gas markets. Pricing was generally stable, but still pressured as there remains substantially more equipment available than required by demand in our markets.