Basic Energy Services Reports Selected Operating Data For August 2012

Basic Energy Services, Inc. BAS ("Basic") today reported selected operating data for the month of August 2012.  Basic's well servicing rig count remained unchanged at 431. Well servicing rig hours for the month were 81,500 producing a rig utilization rate of 75%, compared to 74% and 75% in July 2012 and August 2011, respectively. During the month, Basic's fluid service truck count increased by six trucks to 933.  Fluid service truck hours for the month were 191,800, compared to 184,800 and 194,000 in July 2012 and August 2011, respectively. Drilling rig days for the month were 338 producing a rig utilization of 91%, compared to 89% and 83% in July 2012 and August 2011, respectively. Ken Huseman, Basic's President and Chief Executive Officer, stated, "Hours and utilization both improved sequentially due to one additional weekday and the absence of the holiday impact compared to July.  Demand across our segments and geographic markets remained stable but increased competition continues to put pressure on revenue rates and wages.  As stated in our July commentary, we are focused on retaining our market position and our August activity levels confirm our success to date. "Our outlook for remainder of See full press release