Basic Energy Services
Oil and GasTexas, United States0-1 Employees
Basic Energy Services filed bankruptcy in 2021, sold off assets and yards and went out of business by end of year 2021.
Asset Sales Trends Basic Energy Services has been actively selling off assets to companies like Ranger Energy Services and Select Energy Services. Identifying potential buyers from these transactions can lead to new sales opportunities within the oil and gas industry.
Workforce Reduction Impact The significant reduction in Basic Energy Services' workforce, totaling over 1,700 job cuts, indicates a potential need for outsourced services and solutions by companies facing similar challenges. Positioning offerings to support companies during restructuring periods could result in sales growth.
Industry Acquisition Focus The sale of Basic Energy Services' assets to various companies highlights a trend of industry consolidation and acquisitions. Leveraging relationships with acquiring companies like Ranger Energy Services and Berry can open doors for sales partnerships and collaborations.
Financial Resilience Support Despite experiencing financial difficulties, Basic Energy Services operated within the revenue range of $100M - 1B. Offering financial tools, services, or products tailored to companies in the oil and gas sector can be a strategic approach to tap into potential sales opportunities.
Executive Talent Transition The departure of David Schorlemer as the CFO of Basic Energy Services in 2020 suggests changes in company leadership and potential avenues to offer executive search services to assist companies in filling critical roles. Identifying companies experiencing executive transitions can lead to sales in talent solutions.
Basic Energy Services uses 8 technology products and services including Google Analytics, SiteCatalyst, Drupal, and more. Explore Basic Energy Services's tech stack below.
Basic Energy Services Email Formats | Percentage |
first.last@basicenergyservices.com | 92% |
last.first@basicenergyservices.com | 5% |
firstlast@basicenergyservices.com | 2% |
f.last@basicenergyservices.com | 1% |
Oil and GasTexas, United States0-1 Employees
Basic Energy Services filed bankruptcy in 2021, sold off assets and yards and went out of business by end of year 2021.
Basic Energy Services's revenue is in the range of $100M$1B
Basic Energy Services's revenue is in the range of $100M$1B
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