About Basic Energy Services
Basic Energy Services is a publicly listed company based in Fort Worth (United States) founded in 1992. Diversified well services provider. The company has 2,426 employees. Basic Energy Services has completed 2 acquisitions, including Platinum Pressure Services and Team Snubbing Service. Its legal entity is Maine Potato Growers, Inc.
Company details
Basic Energy Services was founded in 1992 in Fort Worth, United States, as a provider of diversified services in the oil and natural gas sector. Operations are conducted across six geomarkets, including the Texas Gulf Coast, Central region, Permian Basin, California, Appalachian region, and Rocky Mountains. Key services encompass well servicing, fluid handling, pumping, coil tubing, wireline operations, rental and fishing tools, contract drilling, and saltwater disposal systems.
- Headquarters Fort Worth, United States
- Employees 2,426
- Stage Public
- Website basicenergyservices.com
- Social LinkedIn
- Legal Name Maine Potato Growers, Inc
- Latest Funding Round$150M (USD), Debt – Conventional
Oct 2018
- Investors
- Employee Count2,426
- Investments & AcquisitionsPlatinum Pressure Services
& 1 more
Funding Insights of Basic Energy Services
- Total Rounds 4
- Last Round Debt – Conventional — $150M
- Investors Count 1
All 4 funding rounds of Basic Energy Services with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct 2018 | $150M | Debt – Conventional | – | – | – |
| Oct 2016 | $775M | Debt – Conventional | – | – | – |
| Oct 2012 | $300M | Debt – Conventional | – | – | – |
| Jun 2000 | Private Equity Round | – | – |
1 investors in total: 1 institutional.
Investors in Basic Energy Services
Basic Energy Services has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include First Reserve.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Energy sector investments are managed via private equity. | 1983 | firstreserve.com | Stamford, United States |
Investor details for Basic Energy Services
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of Basic Energy Services
23 people are tracked at Basic Energy Services (2 in leadership, 6 in board & advisors, 15 in team); the tracked headcount is 2,426.
| Name | Role | Group |
|---|---|---|
James D'Agostino | Director | Leadership |
Ron Scandolari | VP Contract Drilling | Leadership |
James D. Kern | Director | Board & advisors |
Lawrence First | Director | Board & advisors |
Ross Solomon | Director | Board & advisors |
Derek Jeong | Director | Board & advisors |
Julio Quintana | Director | Board & advisors |
John Jackson | Director | Board & advisors |
Jack Renshaw | SVP, Western Region | Team |
David Garcia | Area Manager | Team |
Gary Baxter | Plugging And Abandonment Supervisor | Team |
Hc Putman | Feild Supervisor Fluid Services | Team |
Kurt Onstott | Division Manager Fracturing Operations | Team |
Monty Clemmer | District Manager - Permian Business Unit | Team |
Arturo Escamilla | International Sales Account Manager For The Colombian Market | Team |
Thomas Wise | Rig Supervisor | Team |
Jimmy Loven | Sales Representative | Team |
Doug Gray | Rig Supervisor | Team |
Justin Tillman | Tool Pusher Over Workover Rigs And Trucking | Team |
Bill Jones | Human Resources Manager | Team |
3 more people are available in the full profile.
Complete people profiles for Basic Energy Services
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Investments & Acquisitions by Basic Energy Services
Basic Energy Services has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Platinum Pressure Services and Team Snubbing Service.
| Company Name | Description | Domain | Location | Founded | Acquired | Amount |
|---|---|---|---|---|---|---|
Provider of rig, snubbing, and well site services for oil & gas | platinumpressure.com | Decatur, United States | 2008 | Dec 2010 | $35M | |
Specialized snubbing services for oilfield operations are delivered in Canada. | teamsnubbing.com | Blackfalds, Canada | 2002 | Dec 2009 | $7M |
Complete acquisition details for Basic Energy Services
Acquired stakes, deal sources and the complete acquisition history require an active premium plan.
- Acquired stakes
- Deal sources
- Complete history
- Exports
Verified entity values are shown only after access is granted.
Timeline of Basic Energy Services
6 dated milestones of Basic Energy Services across 26 years, from founding to its latest funding, stage changes and deals.
- Founded Basic Energy Services is founded.
- Funding First funding round.
- IPO Lists on the stock exchange (IPO).
- Acquisition Acquires Team Snubbing Service.
- Acquisition Acquires Platinum Pressure Services.
- Funding Latest funding round, Debt – Conventional, of $150.0M.
Web traffic of Basic Energy Services
Websites that share an audience with Basic Energy Services (basicenergyservices.com).
Websites whose visitors overlap most with Basic Energy Services. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| keyenergy.com | 100% | 6.4K | #3,314,660 | View details | |
| cjenergy.com | 100% | View details | |||
| superiorenergy.com | 99% | 12.6K | #1,840,922 | View details | |
| slb.com | 83% | 1.8M | #25,890 | View details | |
| nov.com | 78% | 446.6K | #113,216 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 10 similar websites and full traffic analytics for Basic Energy Services
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- 10 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about Basic Energy Services
Basic Energy Services was founded in 1992 and raised its 1st funding round 8 years after it was founded.
Basic Energy Services is headquartered in Fort Worth, United States. It is registered at Fort Worth, Texas, United States.
Basic Energy Services has 2,426 employees.
Basic Energy Services was founded in 1992 in Fort Worth, United States, as a provider of diversified services in the oil and natural gas sector. Operations are conducted across six geomarkets, including the Texas Gulf Coast, Central region, Permian Basin, California, Appalachian region, and Rocky Mountains. Key services encompass well servicing, fluid handling, pumping, coil tubing, wireline operations, rental and fishing tools, contract drilling, and saltwater disposal systems.
Basic Energy Services has made 2 acquisitions, including Platinum Pressure Services, and Team Snubbing Service.
Basic Energy Services has 1 investor. Key investors include First Reserve.
Basic Energy Services operates through Maine Potato Growers, Inc.