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.
Operational Asset Sales Following its bankruptcy and asset liquidation, Basic Energy Services has divested significant operational assets to multiple companies, such as Ranger Energy Services, Select Energy Services, and Berry. This ongoing sale of equipment and infrastructure presents opportunities for suppliers and service providers to offer complementary solutions or new technology upgrades for remaining or future assets.
Market Restructuring Opportunities The company’s extensive restructuring and significant headcount reductions indicate a transition phase. Service providers specializing in efficiency improvements, asset optimization, and cost management could find demand for consulting, technology integration, or maintenance services to support the company’s post-bankruptcy recovery efforts.
Technology Adoption Potential With a tech stack that includes SAP SuccessFactors, AWS, and various web development tools, Basic Energy Services demonstrates a baseline technology footprint. Vendors offering cloud-based solutions, enterprise software upgrades, or data analytics platforms could present value by enhancing operational efficiency or supporting automation in asset management and workforce planning.
Industry Consolidation Trends The company's multiple asset sales and strategic moves reflect a broader trend of consolidation and restructuring within the oilfield services sector. Solutions that enable better integration, data sharing, and real-time analytics across companies could appeal to industry players aiming to streamline operations and improve competitive positioning.
Financial and Revenue Opportunities Despite the bankruptcy, the company reported revenue in the range of one billion dollars, indicating ongoing market demand. Suppliers of sustainable and cost-effective products or services in the oil and gas sector can target remaining operational segments or work with successor companies involved in assets acquisition or future projects.
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 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 estimated to be in the range of $1B$10B
Basic Energy Services's revenue is estimated to be in the range of $1B$10B