Basic Energy Services
Oil and GasTexas, United States1001-5000 Employees
Basic Energy Services filed bankruptcy in 2021, sold off assets and yards and went out of business by end of year 2021.
Asset Liquidation Opportunities Following bankruptcy and asset sales, Basic Energy Services has reduced its physical and operational footprint, presenting opportunities for companies providing replacement equipment, maintenance, or integration services to displaced assets or newly acquired sites.
Energy Sector Transition The company's recent asset divestitures to firms like Ranger Energy Services and Select Energy Services indicate ongoing consolidation and a shift toward specialized services within the oilfield industry, opening avenues for firms offering innovative water, chemical, or environmental solutions.
Technology Usage Utilizing advanced tech stacks such as SAP SuccessFactors and AWS, Basic Energy Services is engaged in digital transformation, suggesting a demand for enterprise software, cloud services, or analytics tools to optimize remaining operations or streamline post-bankruptcy restructuring.
Workforce Reductions The significant layoffs over the past year highlight a need for workforce management solutions, training, or outsourcing services to manage talent transitions, re-staffing efforts, or improve operational efficiencies amid industry downsizing.
Financial and Market Focus With revenues between one and ten billion dollars and a history of asset sales and restructuring, the company remains a potential client for financial advisory, restructuring services, or equipment financing solutions aimed at emerging from financial distress and stabilizing future operations.
Basic Energy Services uses 8 technology products and services including SAP SuccessFactors, Amazon Web Services, Handlebars, and more. Explore Basic Energy Services's tech stack below.
| Basic Energy Services Email Formats | Percentage |
| First.Last@basicenergyservices.com | 89% |
| Last.First@basicenergyservices.com | 4% |
| FirstLast@basicenergyservices.com | 2% |
| F.Last@basicenergyservices.com | 2% |
| Last@basicenergyservices.com | 1% |
| First@basicenergyservices.com | 1% |
| LastF@basicenergyservices.com | 1% |
| FLast@basices.com | 95% |
| Last@basices.com | 5% |
Oil and GasTexas, United States1001-5000 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 estimated to be in the range of $1B$10B
Basic Energy Services's revenue is estimated to be in the range of $1B$10B