Basic Energy Services’ fluid services truck fleet rose by a net of six trucks bringing its total to 807 trucks as of April 30, 2009.
Ken Huseman, Basic Energy Services’ president and chief executive officer, stated, The operating environment in April remained challenging as our customers continued to restrain spending even for routine maintenance of existing wells. Capital spending for drilling and workover projects was also limited. April activity levels were reduced by the Easter holiday in all business lines and by rainy conditions during the last week of the month in our Mid-Continent operating region.”
“As we discussed in our recent first quarter 2009 earnings call, we expect the market for our services to steadily improve over the course of the year due to seasonal factors and somewhat higher activity in our oil-related markets as customers gain confidence in the minimum level of oil prices.
