Basic Energy Services, Inc. reported selected operating data for the month of December 2012. Basic's well servicing rig count decreased by six to 425 mainly due to rig retirements in December. Well servicing rig hours for the month were 60,000 producing a rig utilization rate of 61% (60% including retired rigs), compared to 62% and 69% in November 2012 and December 2011, respectively.

During the month, Basic's fluid service truck count decreased by two trucks to 955. Fluid service truck hours for the month were 178,100 compared to 182,400 and 189,100 in November 2012 and December 2011, respectively.

Drilling rig days for the month were 305 producing a rig utilization of 82%, compared to 76% and 89% in November 2012 and December 2011, respectively.

Ken Huseman , Basic's President and Chief Executive Officer, stated, "December activity for each of our business segments developed as anticipated with the seasonal impact of the holidays, less daylight hours and our customers winding down their 2012 spending. Pricing remains competitive as excess capacity continues to plague each segment although it appears that discounting leveled off during the fourth quarter.

Tags: Basic Energy Services