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News Breaks | | | | September 12, 2012 | | 07:16 EDT |  | BAS | Basic Energy downgraded to Neutral from Outperform at Macquarie
Macquarie downgraded Basic Energy following a reduction in the firm's Canadian rig count forecast, more muted pricing, and valuation. Price target lowered to $12 from $13. | |
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News For BAS From The Last 14 Days Check below for free stories on BAS the last two weeks. |
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| June 14, 2013 | | 06:04 EDT |  | BAS | Basic Energy reports well servicing rig count unchanged at 425
Basic Energy Services reported selected operating data for the month of May. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 75,000 producing a rig utilization rate of 70%, compared to 72% in both April and May 2012. During the month, Basic's fluid service truck count remained unchanged at 974. Fluid service truck hours for the month were 194,300 compared to 188,800 and 189,100 in April 2013 and May 2012, respectively. Drilling rig days for the month were 292 producing a rig utilization of 78%, compared to 75% and 96% in April and May 2012, respectively. | |
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