Basic Energy Services (BAS) Rig Count Unchanged in June

Basic Energy Services (NYSE: BAS) reported selected operating data for the month of June 2015. Basic's well servicing rig count remained unchanged at 421. Well servicing rig hours for the month were 55,800, producing a rig utilization rate of 55%, compared to 50% and 74% in May 2015 and June 2014, respectively.

During the month, Basic's fluid service truck count increased by six to 1,012. Fluid service truck hours for the month were 193,200, compared to 189,900 and 205,300 in May 2015 and June 2014, respectively.

Drilling rig days for the month were 60, producing a rig utilization of 17% compared to 26% and 88% in May 2015 and June 2014, respectively.

Roe Patterson, Basic's President and Chief Executive Officer, commented, "The results from our operating segments in June were consistent with the previous two months of the second quarter. Our well servicing utilization improved by 500 basis points and our trucking hours improved by two percent sequentially, recovering slightly after the significant rainy weather conditions we experienced in May. This slight June recovery was partially offset by the mid-June tropical storm that impacted our Gulf Coast, Ark-La-Tex and Mid-Continent operating areas, particularly well servicing and stimulation services. Our completion and drilling oriented lines of business remain the most competitive due to the lower drilling rig count and the amount of excess equipment in most markets. Pricing continues to be competitive in all lines of business, but has stabilized somewhat as of the end of the second quarter.

"Based on our June operating performance, we continue to anticipate that our revenue will decline 22% to 24% from the first quarter. We will discuss our third quarter expectations during our second quarter earnings call later this month."

(1) Includes all rigs and trucks owned during periods presented and excludes rigs and trucks held for sale.

(2) Rig utilization rate based on the weighted average number of rigs owned during the periods being reported, a 55-hour work week per rig and the number of weekdays in the periods being presented.

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