M&A Deal Summary

Basic Energy Services Acquires LeBus Oil Field Service

On February 1, 2006, Basic Energy Services acquired transportation company LeBus Oil Field Service for 26M USD

Acquisition Highlights
  • This is Basic Energy Services’ 1st transaction in the Transportation sector.
  • This is Basic Energy Services’ 8th largest (disclosed) transaction.
  • This is Basic Energy Services’ 3rd transaction in the United States.
  • This is Basic Energy Services’ 2nd transaction in Texas.

M&A Deal Summary
Date 2006-02-01
Target LeBus Oil Field Service
Sector Transportation
Buyer(s) Basic Energy Services
Deal Type Add-on Acquisition
Deal Value 26M USD

Target

LeBus Oil Field Service

Midland, Texas, United States
LeBus Oil Field Service Co., Inc., provides transportation, storage and disposal of oilfield fluids in the East Texas and North Louisiana regions from its New London and Tenaha, Texas operating locations.

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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 3 of 18
Sector (Transportation) 1 of 2
Type (Add-on Acquisition) 3 of 16
State (Texas) 2 of 11
Country (United States) 3 of 18
Year (2006) 1 of 4
Size (of disclosed) 8 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2005-10-10 Oilwell Fracturing Services

Cushing, Oklahoma, United States

Oilwell Fracturing Services, Inc., is a pressure pumping services company.

Buy $16M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2006-02-28 G&L Tool

Abilene, Texas, United States

G&L Tool Co., a oilfield services fishing and rental tool business.

Buy $58M
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