M&A Deal Summary

Basic Energy Services Acquires Chaparral Services

On September 5, 2006, Basic Energy Services acquired energy services and equipment company Chaparral Services

Acquisition Highlights
  • This is Basic Energy Services’ 5th transaction in the Energy Services and Equipment sector.
  • This is Basic Energy Services’ 6th transaction in the United States.
  • This is Basic Energy Services’ 1st transaction in New Mexico.

M&A Deal Summary

Date 2006-09-05
Target Chaparral Services
Sector Energy Services and Equipment
Buyer(s) Basic Energy Services
Deal Type Add-on Acquisition

Target

Chaparral Services

Eunice, New Mexico, United States
Chaparral Services, Inc., provides well servicing and fluid services.

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Buyer(S) 1

Buyer

Basic Energy Services

Fort Worth, Texas, United States

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 6 of 18
Sector (Energy Services and Equipment) 5 of 12
Type (Add-on Acquisition) 6 of 16
State (New Mexico) 1 of 1
Country (United States) 6 of 18
Year (2006) 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2006-09-05 Reddline Services

United States

Reddline Services LLC, provides rental and fishing tools services.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2007-03-06 JetStar Consolidated Holdings

United States

JetStar Consolidated Holdings, Inc., operates approximately 35,000 horsepower of pressure pumping equipment.

Buy $120M