Aug 8, 2011
Basic Energy Services Inc.(NYSE:BAS) reported Monday that its July well servicing rig utilization rate fell slightly to 73% from 74% in the prior month.
The number of well servicing rigs stayed unchanged at 412 as of July 31, but rig hours fell to 69,000 from 73,600 the month before.
The count for drilling rigs remained at 10, but drilling rig days climbed to 279 from 256 in June. Drilling utilization rose to 90% from 85% in June.
Basic's fluid services truck fleet increased to 871 by the end of the period from 838 at the end of June.
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