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Basic Energy Services, Inc.

Basic Energy Services, Inc.

Sector: Drilling Oil And Gas Wells Region: TX, United States


: | New York Stock Exchange: BAS


Founded in 1992, Basic Energy Services provides a range of services to help America’s oil and gas producers keep more than 900,000 existing wells in production throughout their lifecycle - from the initial drilling of the well to ongoing maintenance to plugging and abandonment. Today, more than 5,700 Basic Energy Services professionals provide essential services to over 2,000 oil and gas companies throughout the major oil and gas producing regions in Texas, Louisiana, Oklahoma, New Mexico, Arkansas, Kansas, the Appalachian Region and the Rocky Mountain States
. Based in Fort Worth, Texas, Basic Energy Services, Inc. trades on the NYSE under the ticker symbol “BAS”.

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Enercom Oil and Gas Conference interview with Alan Krenek

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Basic Energy Brochure

Executives

T.M. "Roe" Patterson, President and Chief Executive Officer
T. M. “Roe” Patterson is an 19-year industry veteran in the oil and gas services business. He was promoted to President and Chief Executive Officer of Basic Energy Services (“Basic”) in September 2013. Prior to his recent appointment, he served as the company’s Senior Vice President and Chief Operating Officer from 2011 to 2013. Patterson began his tenure at Basic in 2006 and has held multiple positions in executive leadership since joining the company. Patterson’s roots are grounded in the oil and gas business. He grew up working for his father in the family's business, Patterson Drilling Company. After earning a Bachelor of Science degree from Texas Tech University, Patterson joined West Texas Caterpillar for a year before rejoining Patterson Drilling Company as a Contract/Sales Manager for its Permian Basin Division.
Alan Krenek, Senior VP, Chief Financial Officer, Treasurer and Secretary
Alan Krenek has 24 years of related industry experience. He has been our Vice President, Chief Financial Officer and Treasurer since January 2005. He became Senior Vice President and Secretary in May 2006. From October 2002 to January 2005, he served as Vice President and Controller of Fleetwood Retail Corp., a subsidiary in the manufactured housing division of Fleetwood Enterprises, Inc. He worked in various financial management positions at Pool Energy Services Co. from 1980 to 1993 and at Noble Corporation from 1993 to 1995. Mr. Krenek graduated with a B.B.A. degree in Accounting from Texas A&M University and is a certified public accountant.
James F. Newman, Senior Vice President, Region Operations
James F. Newman has 29 years of related industry experience and was promoted to Senior Vice President, Region Operations in 2013. Prior to that, he was our Group Vice President–Permian Business Unit since April 2011 and has been a Group Vice President since September 2008. Prior to joining Basic, he co-founded Triple N Services in 1986 and served as its President through May 2008. He initially served Basic as an Area Manager in the plugging and abandonment operations. Mr. Newman is a registered Professional Engineer and is active in the Society of Petroleum Engineers. Mr. Newman graduated with a B.S. in Petroleum Engineering from Colorado School of Mines.

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