Basic Marine Services Acquires Davis Tool

On December 20, 2006, Basic Marine Services acquired energy services and equipment company Davis Tool

This is Basic Marine Services’ 2nd transaction in the Energy Services and Equipment sector.
This is Basic Marine Services’ 2nd transaction in the United States.
This is Basic Marine Services’ 1st transaction in New Mexico.

M&A Deal Summary
Date	2006-12-20
Target	Davis Tool
Sector	Energy Services and Equipment
Buyer(s)	Basic Marine Services
Deal Type	Add-on Acquisition

Hobbs, New Mexico, United States

Davis Tool Co., Inc., provides rental and fishing tool services.

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Midland, Texas, United States

Category	Company
Sector	Energy Services and Equipment
Employees	4,100

Basic Marine Services, Inc., provides well site services essential to maintaining production from the oil and gas wells within its operating area.

DEAL STATS	#
Overall	2 of 2
Sector (Energy Services and Equipment)	2 of 2
Type (Add-on Acquisition)	1 of 1
State (New Mexico)	1 of 1
Country (United States)	2 of 2
Year (2006)	2 of 2

DATE	TARGET	DEAL TYPE	VALUE
2006-12-20	Parker Drilling Offshore USA Tulsa, Oklahoma, United States Parker Drilling Offshore USA LLC, provides drilling services.	Buy	-

DATE

TARGET

DEAL TYPE

VALUE

2006-12-20

Parker Drilling Offshore USA

Tulsa, Oklahoma, United States

Parker Drilling Offshore USA LLC, provides drilling services.

Buy