FORT WORTH, Texas, June 9, 2014 /PRNewswire/ -- Basic Energy
Services, Inc. (NYSE: BAS) ("Basic") today announced the
commencement of a secondary public offering of 6,000,000 shares of
common stock on behalf of DLJ Merchant Banking Partners III, L.P.
and related funds (the "Selling Stockholders"). Goldman, Sachs
& Co. will act as underwriter for the offering. Goldman, Sachs
& Co. is expected to be granted a 30-day option to purchase up
to 900,000 additional shares from the Selling Stockholders.
Basic will not receive any proceeds from the sale of the shares
of common stock by the Selling Stockholders in this offering. The
offering will be made pursuant to a shelf registration statement on
Form S-3, which was filed with the Securities and Exchange
Commission ("SEC") on April 11, 2012
and declared effective on April 17,
2012.
Basic will file a preliminary prospectus supplement with the SEC
for the offering to which this communication relates. Before you
invest, you should read the prospectus supplement and the
accompanying prospectus and other documents that Basic has filed
with the SEC for more complete information about Basic and this
offering. You may obtain these documents for free by visiting EDGAR
on the SEC Web site at: www.sec.gov. Alternatively, copies of the
prospectus supplement and accompanying prospectus relating to the
offering, when available, may be obtained from:
Goldman, Sachs & Co.
Attn: Prospectus Department
200 West Street
New York, NY 10282
telephone: 866-471-2526
facsimile: 212-902-9316
e-mail: prospectus-ny@ny.email.gs.com
This press release does not constitute an offer to sell or the
solicitation of an offer to buy any securities nor will there be
any sale of these securities in any state or other jurisdiction in
which such offer, solicitation or sale would be unlawful prior to
registration or qualification under the securities laws of any such
state or other jurisdiction. The offer is being made only through
the prospectus supplement and accompanying prospectus.
About Basic Energy Services
Basic Energy Services provides well site services essential to
maintaining production from the oil and gas wells within its
operating area. The company employs more than 5,600 employees
in more than 100 service points throughout the major oil and gas
producing regions in Texas,
Louisiana, Oklahoma, New
Mexico, Arkansas,
Kansas, and the Rocky Mountain and
Appalachian regions.
Forward-Looking Statements Disclaimer
This press release contains forward-looking statements.
Forward-looking statements give Basic's current expectations or
forecasts of future events based on assumptions and estimations
that management believes are reasonable given currently available
information. Forward-looking statements in this press release
relate to, among other things, the pending offering by the Selling
Stockholders. Information on risks and uncertainties that could
cause actual results to differ materially from those contemplated
by the forward-looking statements is available in Basic's filings
with the Securities and Exchange Commission.
Contacts:
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Alan Krenek,
Chief Financial Officer
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|
Basic Energy
Services, Inc.
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817-334-4100
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Jack
Lascar/Sheila Stuewe
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Dennard-Lascar
Associates
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713-529-6600
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SOURCE Basic Energy Services, Inc.