Asset Sales to Competitors Basic Energy Services has recently sold off assets to competitors like Ranger Energy Services and Select Energy Services. This presents an opportunity for sales professionals to approach these companies for potential collaboration or offering complementary services.

Tech Stack Alignment Basic Energy Services utilizes tech tools like SiteCatalyst, Google Analytics, and Amazon Web Services. Companies offering tech solutions or services aligned with these platforms could successfully target Basic Energy Services' former clients or partners.

Industry Networking Being in the Oil and Gas industry, Basic Energy Services had connections with major players like Halliburton, Superior Energy Services, and Weatherford. Sales reps could leverage these industry relationships for networking and potential business opportunities.

Downsizing Effects With significant job cuts in 2021, including reducing headcount by 1200 and 500 on separate occasions, Basic Energy Services' former employees may have moved to other companies within the industry. This presents an opportunity to target them for sales leads or partnerships.

Bankruptcy Impact Following its bankruptcy filing and closure in 2021, Basic Energy Services' clients might be seeking alternative service providers. Sales teams can capitalize on this situation by offering solutions to fulfill the void left by Basic Energy Services in the market.