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— Market Highlights: The major factors that are expected to drive the Well Intervention Market are the rapid increase in demand for energy, increase in production of oil & gas and the regeneration of aging wells. However, the growth of the market is expected to be restrained by the increasing awareness about the use of renewable energy and the imposing of strict rules and regulations by the government. The Well Intervention Market is expected to grow over the CAGR of around 3.5 % during the period 2017 to 2023. Taste the market data and market information presented through more than 85 market data tables and figures spread in 111 numbers of pages of the project report. Avail the in-depth table of content & market synopsis on “Well Intervention Market Forecast 2017 to 2023" Major Key Players: • GE Oil & Gas (U.K.) • Halliburton Company (U.S.) • Schlumberger Limited (U.S.) • TechnipFMC plc. (U.K.) • Baker Hughes Incorporated (U.S.) • Weatherford International plc. (Switzerland) • Archer Limited (U.K.) • Trican Well Service Ltd. (Canada) • Superior Energy Services, Inc. (U.S.) • Basic Energy Services, Inc. (U.S.) Market Research Analysis: The factors responsible for the growth of the global well intervention market include the use of well intervention services in shale as well as oil wells. The North America region is the largest market for well intervention. The U.S. market for well intervention is expected to be driven by the ongoing shale gas revolution in the region. The Africa market is experiencing continuous oil & gas field development, which is expected to boost the need for well intervention/work over services. Increasing production activities in the American offshore is expected to drive the well intervention market in the future. Asia-Pacific and Africa are the emerging regions in the well intervention market and are expected to demand well intervention services in the forecast period Scope of the Report: This study provides an overview of the global well intervention market, tracking two market segments across four geographic regions. The report studies key players, providing a five-year annual trend analysis that highlights market size, volume and share for North America, Europe, Asia Pacific (APAC) and Rest of the World (ROW). The report also provides a forecast, focusing on the market opportunities for the next five years for each region. The scope of the study segments the global Well intervention Market by its service, application and region. Intended Audience: • Distributer & Supplier companies • End Users • consultants and Investment bankers • Government as well as Independent Regulatory Authorities Table of Contents 1 Executive Summary 2 Research Methodology 2.1 Scope of the Study 2.1.1 Definition 2.1.2 Research Objective 2.1.3 Assumptions 2.1.4 Limitations 2.2 Research Process 2.2.1 Primary Research 2.2.2 Secondary Research 2.3 Market size Estimation 2.4 Forecast Model Continued… List of Tables Table 1 Global Well Intervention Market, By Services Table 2 Global Well Intervention Market, By Application Table 3 Global Well Intervention Market, By Regions Continued… List of Figures Figure 1 Research Type Figure 2 Global Well Intervention Market: By Services (%) Figure 3 Global Well Intervention Market: By Application (%) Continued… About Market Research Future: At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services. MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions. For more information, please visit https://www.marketresearchfuture.com/reports/well-intervention-market-2810


FORT WORTH, Texas, Aug. 3, 2017 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced that it has commenced an at-the-market public offering, under which it may sell up to $50 million of its common stock ("Common Stock") pursuant to an...


News Article | July 27, 2017
Site: www.prnewswire.com

Basic emerged from its Chapter 11 bankruptcy pursuant to a prepackaged plan of reorganization on December 23, 2016.  Upon emergence from the Chapter 11 bankruptcy, the Company adopted fresh start accounting, which resulted in Basic becoming a new entity for accounting and financial reporting purposes upon emergence.  As such, the application of fresh start accounting was reflected in Basic's balance sheet as of December 31, 2016 and all fresh start accounting adjustments were included in its consolidated statement of operations for the year ended December 31, 2016.  Due to these adjustments, the financial statements as of June 30, 2017 are not comparable with information provided for periods prior to December 31, 2016. Second quarter 2017 revenue increased 17% to $213.3 million from $182.0 million in the first quarter of 2017, as rising drilling rig count and overall activity levels continued to rise throughout most geographic areas. This recovery in oilfield-related services led our customers to expedite postponed maintenance work and complete more wells located throughout our footprint. In the second quarter of 2016, Basic generated $120.0 million in revenue. For the second quarter of 2017, Basic reported a net loss of $23.9 million, or a loss of $0.92 per basic and diluted share. This is compared to a net loss of $38.6 million, or $1.49 per basic share and diluted share for the first quarter of 2017, and a net loss of $89.9 million, or $2.11 per basic and diluted share in the second quarter of 2016. Excluding the impact of these special items listed above, Basic reported a net loss of $14.7 million, or a loss of $0.57 per basic and diluted share in the second quarter of 2017. The restructuring expenses are professional fees associated with Basic's Chapter 11 Restructuring incurred in 2017.  Excluding special items, the Company reported a net loss of $22.6 million, or a loss of $0.87 per basic and diluted share, in the first quarter of 2017 and a net loss of $57.0 million, or a loss of $1.34 per basic and diluted share in the second quarter of 2016. Roe Patterson, Basic's President and Chief Executive Officer, stated, "We were pleased with our second quarter results as we delivered a second consecutive 17% increase in revenue driven by a recovery in all of our oil-related business segments. This increased level of activity that started in the Permian Basin and the SCOOP/STACK plays in Oklahoma, is now spreading into the Niobrara, California, and Eagle Ford markets. Additionally, improvements in other non-conventional basins are strengthening our base of business as well. "Our customers benefitted from higher oil prices in the second quarter and took advantage of competitively priced oilfield services to accelerate drilling, completion and well maintenance activity. Most have increased their capital expenditures programs thus far this year. From an EBITDA standpoint, we are now clearly in positive territory and we expect that to continue for the remainder of 2017. While pricing has improved, especially on the completion side of the business, most markets remain competitive with only limited pricing improvement. Nevertheless, increased activity and improved pricing allowed us to deliver a sequential 560 basis point expansion in gross margin. "This improved performance was led by our pressure pumping, coil tubing, and other completion and remedial product lines, with all of our frac horsepower operating during the quarter. Half of the 74,000 HHP we recently purchased was placed in service during the latter part of the second quarter and the remaining half will be operational in this quarter. A delay in the delivery of new software control parts from a manufacturer postponed the activation of this HHP. In addition, this quarter we will activate our two newest large diameter coil units that were delivered in early July. We are also experiencing a ramp-up in activity in our well servicing business with increased utilization and increased revenue per rig hour. Fluid services was relatively flat in terms of truck count and utilization, as weather and holiday capped activity levels. Revenue per truck hour did improve slightly on some small pricing increases improving margins slightly. "Looking forward to the second half of 2017, we continue to expect a gradual improvement in pricing and utilization across most lines of business. We currently anticipate additional margin expansion in the third quarter as activity is spreading to more basins and longer daylight hours will benefit our utilization levels. We are also seeing a healthy level of inquiries regarding equipment and crew availability for well maintenance and repair activity. These are clear indicators of future demand. However, we are keeping a close eye on oil prices. Our current view is predicated on oil pricing trading at current levels or higher.  Customers, especially those with stretched balance sheets or those that have not hedged their production, have quickly responded to fluctuation in oil prices: slowing down spending when prices linger below $45 per barrel and ramping up significantly when prices show stickiness above $50 per barrel. Likewise for natural gas prices, customers in gassier markets have ramped activity when pricing stabilizes above $3 per million cubic feet.  As a result of our belief that commodity pricing will slowly improve in the coming quarters, we currently expect to generate a sequential increase of 6-10% in quarterly revenues in the third quarter. This guidance could change quickly if commodity pricing ramps at a much faster pace or retraces recent lows. "For the third quarter and beyond, we will be changing the name of our Fluid Services segment to Water Logistics. The change reflects the growing holistic approach to water management by our entire fluids business and our customers' needs. Recycling, pipelining, fresh water sourcing, water storage and chemical treatment are growing sub-segments of this business. Our commercial salt water disposal well network, one of the nation's largest, and our best in class fluid truck fleet finish out the nation's largest and most comprehensive fleet of assets dedicated to water logistics in the U.S. onshore oil and gas industry." Adjusted EBITDA was $12.0 million, or 6% of revenues, for the second quarter of 2017 compared to ($1.2) million, or (1)% of revenues, in the first quarter of 2017.  In the second quarter of 2016, Basic generated Adjusted EBITDA of ($11.5) million, or (10)% of revenues.  Adjusted EBITDA is defined as net income before interest, taxes, depreciation and amortization ("EBITDA"), the net gain or loss from the disposal of assets, retention expense, and restructuring expense.  EBITDA and Adjusted EBITDA, which are not measures determined in accordance with United States generally accepted accounting principles ("GAAP"), are defined and reconciled in note 2 under the accompanying financial tables. Revenues for the first half of 2017 rose 58% to $395.3 million from $250.4 million in the first six months of 2016. Adjusted EBITDA for the first six months of 2017 was $10.8 million, or 3% of revenues, compared to ($22.6 million), or (9%) of revenues, for the first six months of 2016.  Adjusted EBITDA excludes the special items discussed above for both 2017 and 2016.  Adjusted EBITDA is reconciled in note 2 under the accompanying financial tables. For the first half of 2017, Basic reported a net loss of $62.6 million, or $2.41 per basic and diluted share, compared to a net loss of $173.2 million, or $4.14 per basic and diluted share, for the first half of 2016.  Excluding special items in both 2017 and 2016, Basic generated an adjusted net loss of $36.6 million, or $1.42 per basic and diluted share for the first half of 2017 compared to an adjusted net loss of $111.8 million, or $2.67 per basic and diluted share in the first six months of 2016. Completion and remedial services revenue increased 34% to $107.4 million in the second quarter of 2017 from $80.4 million in the prior quarter.  The sequential increase in revenue was primarily due to higher activity levels as customers took advantage of improved pricing to reduce the inventory of drilled but uncompleted wells outstanding, offset by significant weather impacts of approximately $4.2 million during the second quarter.  In the second quarter of 2016, this segment generated $36.2 million in revenue. At June 30, 2017, Basic had approximately 518,000 hydraulic horsepower ("HHP"), up from 444,000 HHP both at the end of the previous quarter and as of June 30, 2016. This includes 430,000 of frac HHP.  Of the previously announced purchase of 74,000 frac HHP, half was deployed in mid-May.  The remainder of this horsepower is planned to be deployed in August. Weighted average total HHP for the second quarter of 2017 was 488,000, up from 444,000 in the first quarter of 2017.  Weighted average frac HHP was 406,000 for the second quarter of 2016. Segment profit in the second quarter of 2017 almost doubled to $26.2 million compared to $13.2 million in the prior quarter.  Segment margin for the second quarter of 2017 increased 800 basis points to 24% compared to 16% during the previous quarter, driven predominantly by the positive impact of incremental margins on the higher revenue base and improved pricing. Second quarter margin also benefitted from the elimination of the impact of the annual unemployment tax reset, which occurred during the first quarter. During the second quarter of 2016, segment profit was $3.4 million, or 9% of segment revenue. Fluid services revenue in the second quarter of 2017 increased 1% to $50.7 million compared to $50.2 million in the prior quarter.  The slight increase in revenues was mainly driven by higher activity levels, offset by weather impacts, seasonal declines in hot oiling and a decrease in disposal utilization. The weighted average number of fluid services trucks increased 1% to 943 during the second quarter of 2017, compared to 935 during the first quarter of 2017 and declined 3% compared to 976 during the second quarter of 2016. Truck hours were 473,500 in the second quarter, down 2% from 484,300 in the first quarter of 2017, as weather impacted fluid service revenues by $800,000 during the quarter.  Revenue per truck was $53,800 compared to $53,700 in the first quarter on improved pricing and the ramp in activity. In the comparable quarter of 2016, average revenue per fluid truck was $46,600. Segment profit in the second quarter of 2017 increased by 6% to $9.2 million, compared to a profit of $8.7 million in the first quarter of 2017. Margins improved 80 basis points on higher revenues and pricing, as well as the elimination of the unemployment tax reset impact of 160 basis points experienced in the first quarter.  Second quarter margins in 2017 were negatively impacted by approximately 300 basis points due to an insurance accrual from an October 2016 event.  Weather also negatively impacted margins by 30 basis points.  Segment profit in the same period in 2016 was $6.9 million, or 15% of segment revenue. Well servicing revenues increased 9% to $53.1 million during the second quarter of 2017 compared to $48.6 million in the prior quarter led by increased utilization rates and improved pricing during the quarter. Well servicing revenues were $36.8 million in the second quarter of 2016. Net revenues from the Taylor manufacturing operations were $904,000 in the second quarter of 2017 compared to $230,000 in the prior quarter and $1.8 million in the second quarter of 2016. At June 30, 2017, the well servicing rig count was 421, the same as the end of the prior quarter and at June 30, 2016. Rig hours were 162,300 in the second quarter of 2017, up 3% compared to 157,600 hours in the first quarter of 2017 and up 43% from 113,700 hours in the comparable quarter of last year. Rig utilization was 54% in the second quarter of 2017, compared to 52% in the prior quarter and up from 38% in the second quarter of 2016. Excluding revenues associated with the Taylor manufacturing operations, revenue per well servicing rig hour was $321 in the second quarter of 2017, 5% higher compared to $307 in the previous quarter and up 4% from $308 reported in the second quarter of 2016. The sequential increase was due mainly to improved pricing during the quarter. Segment profit in the second quarter of 2017 increased 46% to $11.3 million, compared to $7.7 million in the prior quarter and increased 126% from $5.0 million during the same period in 2016. Segment profit margin increased to 21% in the second quarter of 2017 from 16% in the prior quarter led by increased activity and a full quarter's impact of rate increases that were put into place in the late first and early second quarters, as well as the lack of the unemployment tax reset that was incurred in the first quarter of 2017.  In the second quarter of 2016, segment profit was 14% of segment revenue. Segment profit from the Taylor manufacturing operations was $89,000 in the second quarter of 2017 compared to a $17,000 in the previous quarter. Contract drilling revenues decreased by 23% to $2.1 million during the second quarter of 2017 from $2.8 million in the prior quarter. During the second quarter of 2016, this segment generated $1.5 million in revenue.  Basic marketed 11 drilling rigs during the second quarter of 2017, down one from 12 in the previous quarter as well as the second quarter of 2016.  Only one rig was active through the entire second quarter. Revenue per drilling day in the second quarter of 2017 was up 14% to $23,300 compared to $20,500 in the previous quarter and up from $16,100 in the second quarter of 2016 on higher contract drilling trucking revenues. Rig operating days during the second quarter of 2017 decreased to 91 compared to 135 in the prior quarter, resulting in rig utilization of 8% during the second quarter of 2017 compared to 12% during the prior quarter.  In the comparable period in 2016, rig operating days were 91, producing a utilization of 8%. Segment profit in the second quarter of 2017 was $254,000 compared to $355,000 in the prior quarter and $93,000 in the second quarter of 2016.  Segment margin for the second quarter of 2017 was 12% of segment revenues compared to 13% in the prior quarter.  The decline in margin is due to only one rig being active throughout the quarter compared to two active rigs during the majority of the first quarter. Last year in the comparable period, segment margin was 6%. Reported general and administrative ("G&A") expense for the second quarter of 2017 was $36.0 million compared to a reported G&A expense for the first quarter of 2017 of $34.2 million.  Excluding costs associated with the bankruptcy and restructuring expenses incurred in 2017, G&A expense in the second quarter of 2017 was $35.0 million, or 16% of revenue, compared to $31.2 million, or 17% of revenue, in the prior quarter. Expense was higher due to a $1.7 million increase from the first quarter of 2017 in non-cash stock compensation expense, associated with the Company's stock grants.  G&A expense in the second quarter of 2016 was $27.1 million, or 23% of revenue. Net interest expense for the second quarter of 2017 was $9.2 million compared to $9.1 million in the first quarter of 2017.  These amounts include interest on Basic's term loan facility and capital leases, as well as approximately $2.3 million of non-cash interest expense related to the accretion of fair value discounts on the Company's debt.  Net interest expense was $22.5 million in the second quarter of 2016. Basic's tax expense for the second quarter of 2017 was $0 compared to $375,000 in the first quarter of 2017. The second quarter of 2017 represents an effective tax rate of 0%, compared to 1% in the prior quarter. Excluding the valuation allowance related to the temporary impairments of the deferred tax assets of $9.6 million, the operating effective tax benefit of $8.5 million in the second quarter of 2017 translated into an effective tax benefit rate of 36%. On June 30, 2017, Basic had cash and cash equivalents of approximately $34.2 million, compared to $50.6 million at March 31, 2017 and $86.1 million on June 30, 2016. At June 30, 2017, total liquidity was approximately $55 million, which included $20 million of availability under Basic's amended and restated $75 million revolving credit facility. In July 2017, Basic was successful in reducing insurance collateral by $12 million as a result of the renewal of their insurance programs.  Pro forma for this reduction in required letters of credit, total liquidity at June 30, 2017 would have been $67 million. Total capital expenditures during the second quarter of 2017 were approximately $40.8 million (including capital leases and other financing of $26.8 million), comprised of $15.4 million for expansion projects, $23.6 million for sustaining and replacement projects and $1.8 for other projects.  Expansion capital spending included $15.3 million for the completion and remedial services segment, $145,000 for the well servicing segment, and $11,000 for the fluid services segment.  Other capital expenditures were mainly for facilities and IT infrastructure. Basic currently anticipates 2017 capital expenditures of $115 million, including $70 million of capital leases and other financings. This includes committed expansion capital expenditures of $45 million in 2017. The expansion capital consists of $43 million for completion and remedial services and $2 million for the well servicing segment. Basic will host a conference call to discuss its second quarter 2017 results on Friday, July 28, 2017, at 9:00 a.m. Eastern Time (8:00 a.m. Central).  To access the call, please dial (412) 902-0003 and ask for the "Basic Energy Services" call at least 10 minutes prior to the start time.  The conference call will also be broadcast live via the Internet and can be accessed through the investor relations section of Basic's corporate website, . A telephonic replay of the conference call will be available until August 11, 2017 and may be accessed by calling (201) 612-7415 and using pass code 13665022#.  A webcast archive will be available at www.basicenergyservices.com shortly after the call and will be accessible for approximately 30 days. Basic Energy Services provides well site services essential to maintaining production from the oil and gas wells within its operating area.  The Company employs over 3,900 employees in more than 100 service points throughout the major oil and gas producing regions in Texas, Louisiana, Oklahoma, New Mexico, Arkansas, Kansas, and the Rocky Mountain and Appalachian regions. Additional information on Basic Energy Services is available on the Company's website at . This release includes forward-looking statements and projections, made in reliance on the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.  Basic has made every reasonable effort to ensure that the information and assumptions on which these statements and projections are based are current, reasonable, and complete.  However, a variety of factors could cause actual results to differ materially from the projections, anticipated results or other expectations expressed in this release, including (i) changes in demand for our services and any related material impact on our pricing and utilizations rates, (ii) Basic's ability to execute, manage and integrate acquisitions successfully, (iii) changes in our expenses, including labor or fuel costs and financing costs, (iv) continued volatility of oil or natural gas prices, and any related changes in expenditures by our customers, and (v) competition within our industry.  Additional important risk factors that could cause actual results to differ materially from expectations are disclosed in Item 1A of Basic's Form 10-K for the year ended December 31, 2016 and subsequent Form 10-Qs filed with the SEC.  While Basic makes these statements and projections in good faith, neither Basic nor its management can guarantee that anticipated future results will be achieved.  Basic assumes no obligation to publicly update or revise any forward-looking statements made herein or any other forward-looking statements made by Basic, whether as a result of new information, future events, or otherwise. The following table presents a reconciliation of net loss to EBITDA, which is the most comparable GAAP performance measure, for each of the periods indicated: The following table presents a reconciliation of net loss to "Adjusted EBITDA," which means our EBITDA excluding the gain or loss on disposal of assets, retention expense, and restructuring expense:


News Article | November 18, 2016
Site: www.PR.com

Europe Wireline Services Market Report provides comprehensive information on the Wireline Services Market .it highlights the European market scenario with focus on some key regions including UK, France, Italy, Germany, Spain, Russia and Benelux. Albany, NY, November 18, 2016 --( Request for Free Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=861485 The report begins with the brief overview of wireline service along with its classification and applications. Wireline services have been used for broad-ranging activities in oil and gas industry. It is the electrical cabling technology used for lowering measurement equipment into the well for intervention process, pipe recovery activities and reservoir assessment. Oil and gas well operators find this technology dynamic for different processes which includes exploration, production, stimulation, drilling, intervention and completion. These services continues to rise in the oilfield due to the growing cabling needs in the oil and gas industry. Wireline services market is estimated to reach $4.77 billion by 2021 due to some key factors like increasing global oil and gas exploration owing to its rising demand. Further, the report segments the market by product type and application. On the basis of type it can be divided into: electric line and stick line, whereas, by application it is segmented as- oil exploration, well drilling & others. The well completion segment detained the largest share with more than 60 % in total wireline services. Browse Full Info with TOC: http://www.marketresearchhub.com/report/europe-wireline-services-market-report-2016-report.html According to the report, Europe and Asia Pacific are growing rapidly in terms of market demand. The growing discoveries of reserves and rising requirement to maintain and boost the recovery rates from these hydrocarbon resources are driving the wireline service market. In addition to this, a comprehensive list of key market players along with the detailed study of their current strategic welfares and key financial data are given which enables an in-depth understanding of the competitive landscape. Some of the top players in the wireline services market are: National Oilwell Varco Inc. Baker Hughes Incorporated Pioneer Energy Services Corporation Schlumberger Limited Halliburton Company Oilserv Superior Energy Services Incorporated C&J Energy Services Incorporated Expro International Group Holdings Ltd. Archer Limited Weatherford International Basic Energy Services Wireline Engineering Ltd. All of the primary players are trying to invade the markets in evolving economies and are also adopting various strategies to increase their market share. With some new and upcoming technologies, companies have observed rapid technological developments and enhanced the performance which provides cost benefits to the well operators. About Us Market Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps. MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients. Contact Us 90 State Street Albany, NY 12207, United States Toll Free : 866-997-4948 (US-Canada) Tel : +1-518-621-2074 Email : press@marketresearchhub.com Website : http://www.marketresearchhub.com Albany, NY, November 18, 2016 --( PR.com )-- A latest report has been added to the archive of Market Research Hub. The report focuses on the European market of wireline services. It is titled “Europe Wireline Services Market Report 2016.” The report highlights the European market scenario with focus on some key regions including UK, France, Italy, Germany, Spain, Russia and Benelux.Request for Free Sample Report: http://www.marketresearchhub.com/enquiry.php?type=S&repid=861485The report begins with the brief overview of wireline service along with its classification and applications. Wireline services have been used for broad-ranging activities in oil and gas industry. It is the electrical cabling technology used for lowering measurement equipment into the well for intervention process, pipe recovery activities and reservoir assessment. Oil and gas well operators find this technology dynamic for different processes which includes exploration, production, stimulation, drilling, intervention and completion. These services continues to rise in the oilfield due to the growing cabling needs in the oil and gas industry.Wireline services market is estimated to reach $4.77 billion by 2021 due to some key factors like increasing global oil and gas exploration owing to its rising demand. Further, the report segments the market by product type and application. On the basis of type it can be divided into: electric line and stick line, whereas, by application it is segmented as- oil exploration, well drilling & others. The well completion segment detained the largest share with more than 60 % in total wireline services.Browse Full Info with TOC: http://www.marketresearchhub.com/report/europe-wireline-services-market-report-2016-report.htmlAccording to the report, Europe and Asia Pacific are growing rapidly in terms of market demand. The growing discoveries of reserves and rising requirement to maintain and boost the recovery rates from these hydrocarbon resources are driving the wireline service market. In addition to this, a comprehensive list of key market players along with the detailed study of their current strategic welfares and key financial data are given which enables an in-depth understanding of the competitive landscape. Some of the top players in the wireline services market are:National Oilwell Varco Inc.Baker Hughes IncorporatedPioneer Energy Services CorporationSchlumberger LimitedHalliburton CompanyOilservSuperior Energy Services IncorporatedC&J Energy Services IncorporatedExpro International Group Holdings Ltd.Archer LimitedWeatherford InternationalBasic Energy ServicesWireline Engineering Ltd.All of the primary players are trying to invade the markets in evolving economies and are also adopting various strategies to increase their market share. With some new and upcoming technologies, companies have observed rapid technological developments and enhanced the performance which provides cost benefits to the well operators.About UsMarket Research Hub (MRH) is a next-generation reseller of research reports and analysis. MRH’s expansive collection of market research reports has been carefully curated to help key personnel and decision makers across industry verticals to clearly visualize their operating environment and take strategic steps.MRH functions as an integrated platform for the following products and services: Objective and sound market forecasts, qualitative and quantitative analysis, incisive insight into defining industry trends, and market share estimates. Our reputation lies in delivering value and world-class capabilities to our clients.Contact Us90 State StreetAlbany, NY 12207,United StatesToll Free : 866-997-4948 (US-Canada)Tel : +1-518-621-2074Email : press@marketresearchhub.comWebsite : http://www.marketresearchhub.com Click here to view the list of recent Press Releases from Market Research Hub


FORT WORTH, Texas, March 2, 2017 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) announced today that its management will be presenting at the Raymond James & Associates' 38th Annual Institutional Investors Conference to be held in Orlando, FL on March 7, 2017. Alan...


Patent
Basic Energy Services | Date: 2014-02-10

Chlorine dioxide (ClO_(2)) is produced by apparatus and methods wherein a ClO_(2 )gas produced in the apparatus is quickly introduced into a fluid stream to be treated with said gas. To this end, the apparatus has an interior chemical reaction chamber which houses an internal fluid flow tube having a fluid impervious upper section and a porous lower section that respectively define two zones within the interior chemical reaction chamber.


FORT WORTH, Texas, Dec. 22, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced that the Company received approval to list its new common stock with the new CUSIP number 06985P 209 (the "New Common Shares") on the New York Stock Exchange...


News Article | February 27, 2017
Site: www.prnewswire.com

FORT WORTH, Texas, Feb. 27, 2017 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today that it has signed an agreement to purchase 74,000 hydraulic horsepower (hhp) to be used in two frac spreads.  The total all-in cost of the 74,000 hhp and additional associate...


FORT WORTH, Texas, Feb. 22, 2017 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic") announced today it will release its fourth quarter and year end 2016 financial results after the market closes on Thursday, March 23, 2017. In conjunction with the release, Basic has...


FORT WORTH, Texas, Dec. 23, 2016 /PRNewswire/ -- Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") today announced that the Company and its affiliated chapter 11 debtors have successfully completed their prepackaged restructuring and recapitalization plan (the...

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