Basic Energy Services Announces Record-Setting Lateral Completion in the Permian Basin at 3.4 Miles
BASIC ENERGY SERVICES (BAS)
Last basic energy services earnings: 10/30 04:30 pm
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US:NYSE Investor Relations:
ir.basicenergyservices.com
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Source: Business Wire
FORT WORTH, Texas--(BUSINESS WIRE)--Basic Energy Services, Inc. (“Basic”) has announced that one of its high-spec, 24-hour rig and equipment packages recently completed a record-setting Wolfcamp A well for Surge Energy US Holdings Company (“Surge”), one of its top customers in the Permian Basin.Rig #1826, based in Big Spring, Texas, along with a bundled Basic high-spec ancillary equipment package successfully drilled out frac plugs over a total horizontal displacement of 17,935 feet (3.4 miles). To date, this well marks the longest known lateral completed in the Permian Basin. Rig #1826, a high-spec, 600-horsepower Taylor well servicing unit, coupled with Basic’s twin 2,250 horsepower pumps and high-performance ancillary equipment, completed the drill-out of the Medusa Unit C 28-09 3AH safely and efficiently in six days.“We are honored to partner with an innovative E&P company like Surge to deliver these record-setting results. Reaching this milestone with our customer displays ou
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