Basic Energy Services Closes Initial Public Offering, Including Over-Allotment Shares
15 December 2005 - 8:05AM
PR Newswire (US)
MIDLAND, Texas, Dec. 14 /PRNewswire-FirstCall/ -- Basic Energy
Services, Inc. (NYSE:BAS) today announced the completion of its
initial public offering of 14,375,000 shares of its common stock,
5,000,000 shares of which were sold by the Company and 9,375,000
shares were sold by selling stockholders. The shares sold by the
selling stockholders included all of the 1,875,000 shares to cover
the underwriters' over-allotment option, which was exercised in
full. The underwriters of the offering included Goldman, Sachs
& Co. and Credit Suisse First Boston LLC, who acted as joint
book-running lead managers, and Lehman Brothers Inc., UBS
Securities LLC, Deutsche Bank Securities Inc., Raymond James &
Associates, Inc. and RBC Capital Markets Corporation, who acted as
co-managers. The offering was made only by means of a prospectus,
copies of which may be obtained by contacting Goldman, Sachs &
Co., Prospectus Department, 85 Broad Street, New York, NY 10016
(Fax number: 212-902-9316 or email: ). This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
these securities, nor shall there be any sale of these securities
in any state or jurisdiction in which such offer, solicitation or
sale would be unlawful prior to registration or qualification under
the securities laws of such state or jurisdiction. Basic Energy
Services, with a fleet of more than 300 well servicing rigs,
provides a range of well site services to oil and gas drilling and
producing companies throughout the major oil and gas regions in
Texas, Louisiana, Oklahoma, New Mexico and the Rocky Mountain
States. Contacts: Alan Krenek, Chief Financial Officer Basic Energy
Services, Inc. 432-620-5516 Jack Lascar/Sheila Stuewe DRG&E /
713-529-6600 DATASOURCE: Basic Energy Services, Inc. CONTACT: Alan
Krenek, Chief Financial Officer of Basic Energy Services, Inc.,
+1-432-620-5516; or Jack Lascar or Sheila Stuewe, both of
DRG&E, +1-713-529-6600, for Basic Energy Services, Inc.
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