M&A Deal Summary

Basic Energy Services Acquires Saltwater Disposal of North Dakota

On December 20, 2012, Basic Energy Services acquired environmental company Saltwater Disposal of North Dakota for 43M USD

Acquisition Highlights
  • This is Basic Energy Services’ 1st transaction in the Environmental sector.
  • This is Basic Energy Services’ 6th largest (disclosed) transaction.
  • This is Basic Energy Services’ 16th transaction in the United States.
  • This is Basic Energy Services’ 1st transaction in North Dakota.

M&A Deal Summary
Date 2012-12-20
Target Saltwater Disposal of North Dakota
Sector Environmental
Buyer(s) Basic Energy Services
Deal Type Add-on Acquisition
Deal Value 43M USD
Advisor(s) Raymond James - Investment Banking (Financial)

Target

Saltwater Disposal of North Dakota

Stanley, North Dakota, United States
Saltwater Disposal of North Dakota LLC develops, builds and operates salt water disposal facilities in Mountrail County, North Dakota.

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Buyer(S) 1

Buyer

Basic Energy Services

Fort Worth, Texas, United States

website

Category Company
Founded 1992
Sector Energy Services and Equipment
Employees2,800
Revenue 411M USD (2020)
DESCRIPTION
Basic Energy's corporate headquarters in Forth Worth, Texas.
Basic Energy's corporate headquarters in Forth Worth, Texas.

Basic Energy Services is a provider of well-site services for oil and gas exploration and production companies. These services are fundamental to establishing and maintaining the flow of oil and gas from a well throughout its life cycle. Basic Energy Services was formed in 1992 and is based in Fort Worth, Texas.

DEAL STATS #
Overall 16 of 18
Sector (Environmental) 1 of 1
Type (Add-on Acquisition) 16 of 16
State (North Dakota) 1 of 1
Country (United States) 16 of 18
Year (2012) 2 of 2
Size (of disclosed) 6 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2012-06-04 Surface Stac

Robstown, Texas, United States

Surface Stac, Inc., is a provider of surface well control rental equipment.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-17 Pioneer Fishing & Rental Services

San Antonio, Texas, United States

Pioneer Fishing & Rental Services LLC, operates its rental and fishing tool business from locations in Woodward, OK, Pampa, TX and Springtown, TX.

Buy $16M
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