Asset Sell-offs Basic Energy Services sold assets to multiple companies in 2021, such as Ranger Energy Services, Select Energy Services, and Berry. These sell-offs present potential sales opportunities for companies offering complementary services or looking to expand their portfolio.

Workforce Reductions Significant headcount reductions by Basic Energy Services, including cutting 1200 jobs in one instance, suggest potential opportunities for HR consulting firms, outplacement services, or companies specializing in workforce optimization solutions to offer support and solutions to affected employees.

Financial Restructuring The Chapter 11 restructuring and financial challenges faced by Basic Energy Services indicate potential opportunities for financial advisory firms, turnaround consultants, and investment groups interested in distressed assets to engage with the company for collaborations or acquisitions.

Industry Consolidation With Basic Energy Services going out of business and selling off assets, there may be opportunities for competitors or industry players to consolidate market share, acquire relevant assets, or onboard experienced talent from the company to strengthen their own positions in the oil and gas sector.

Tech Stack Insights Basic Energy Services utilized a tech stack that included Google Analytics, AWS, and various JavaScript frameworks, indicating potential sales opportunities for tech service providers offering analytics, cloud services, or custom software solutions tailored to the oil and gas industry.