Basic Energy Services, Inc. reported selected operating data for the month of May 2013. Basic's well servicing rig count remained unchanged at 425. Well servicing rig hours for the month were 75,000 producing a rig utilization rate of 70%, compared to 72% in both April 2013 and May 2012.
During the month, Basic's fluid service truck count remained unchanged at 974. Fluid service truck hours for the month were 194,300 compared to 188,800 and 189,100 in April 2013 and May 2012, respectively.
Drilling rig days for the month were 292 producing a rig utilization of 78%, compared to 75% and 96% in April 2013 and May 2012, respectively.
Ken Huseman, Basic's President and Chief Executive Officer, stated, "Demand for our services remained level through May with storm-related interruptions in activity in the Mid-Continent markets and the prolonged Memorial Day holiday reducing utilization compared to April. Despite aggressive competition in each of our segments, we have been able to maintain utilization with stable pricing.
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