FORT WORTH, Texas, July 18, 2018 /PRNewswire/ -- Basic Energy
Services, Inc. (NYSE: BAS) ("Basic" or the "Company") is pleased to
announce the creation of a new leadership position and the hiring
of Adam Hurley as Vice President,
Strategy and Business Development reporting to President and CEO,
Roe Patterson. Effective immediately, Mr. Hurley will be
responsible for focusing on Basic's strategy of leveraging its
strong market position in its core markets to accelerate the growth
of the Company through a more efficient allocation of its assets.
In addition, Mr. Hurley is expected to lead Basic's efforts to
further reduce costs, drive efficiencies throughout the
organization and identify new M&A opportunities that would
allow the Company to have even greater scale in its core
markets.
Mr. Hurley earned his Bachelor of Science degree from West Point
and has a Master in Business Administration from Duke University. He also has the distinction of
serving his country for eight years as an officer in the US Army
where he served in multiple combat missions.
Basic Energy Services provides well site services essential to
maintaining production from the oil and gas wells within its
operating area. The Company employs over 4,100 employees in
more than 100 service points throughout the major oil and gas
producing regions in Texas,
Louisiana, Oklahoma, New
Mexico, Arkansas,
Kansas, California and the Rocky Mountain and
Appalachian regions. Additional information on Basic Energy
Services is available on the Company's website at
www.basicenergyservices.com.
Safe Harbor Statement
Statements made in this press release may include
forward-looking statements and projections made in reliance on the
safe harbor provisions of the Private Securities Litigation Reform
Act of 1995. Basic has made every reasonable effort to ensure that
the information and assumptions on which these statements and
projections are based are current, reasonable, and complete.
However, a variety of factors could cause actual results to differ
materially from the projections, anticipated results or other
expectations expressed in this release and the presentation,
including our ability to successfully execute, manage and integrate
acquisitions, reductions in our customers' capital budgets, our own
capital budget, limitations on the availability of capital or
higher costs of capital, and lower commodity prices. While Basic
makes these statements and projections in good faith, neither Basic
nor its management can guarantee that the transactions will be
consummated or that anticipated future results will be achieved.
Basic assumes no obligation to publicly update or revise any
forward-looking statements made herein or any other forward-looking
statements made by Basic, whether as a result of new information,
future events, or otherwise.
Contacts:
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Trey Stolz, VP
Investor Relations
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Basic Energy
Services, Inc.
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817-334-4100
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Jack Lascar / Kaitlin
Ross
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Dennard Lascar
Investor Relations
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713-529-6600
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SOURCE Basic Energy Services, Inc.