basic energy services layoffs

Nine offers career opportunities across North America in every basin. 216 Basic Energy Services jobs available in Midland, TX on Indeed.com. Ensign Energy Services Inc. is an equal opportunity and affirmative action employer. Basic Energy Corp. (BSC) has accepted a subsidiary’s plan to enter into a service contract with the Department of Energy (DOE) for the development of a 50-megawatt wind farm in … FORT WORTH — Basic Energy Services Inc. reported a loss of $87.8 million in its fourth quarter on Monday. 3 brokerages have issued 1-year price objectives for Superior Energy Services' shares. jnuttall@bizwest.com Posted by Editor - Business News | Apr 24, 2020 | Energy | 0 |. Basic Energy Services Lays off 50 2 weeks before Christmas, 300 more possible. From Business Journals. Having found its way through some economic turbulence -- including moving its stock to the Over the Counter QX exchange -- Basic Energy Services is making some expansion moves. Featured content providers include Reuters, Metacafe, News Corporation, About, BBC and The Sun. Apply to Floorhand, Driller, Shop Technician and more! On a per-share basis, the Fort Worth-based wellsite services company said it … The company blamed the reduction in staff on declines in energy demand resulting from the COVID-19 pandemic and an international oil-price war. “For these reasons, the company, like all oilfield service providers, is currently facing a significant decrease in the amount of service orders, Read More At Article Source | Article Attribution. Basic Energy Services classified the layoffs in Fort Morgan as permanent in its letter to the Colorado Department of Labor and Employment, but it said it hopes to hire the … The company reported under the Worker Adjustment and Retraining Notification Act on April 4 that it would lay off 62 workers. The company also operates pumping services yards in Midland and towns in Oklahoma and Colorado. A free inside look at company reviews and salaries posted anonymously by employees. BizWest TV Leadership Series – Rob Graves – Noosa Yoghurt, BizWest TV Leadership Series – Richard Bisson – Waterpik, BizWest TV Leadership Series – Curt Richardson – OtterBox, BizWest TV Leadership Series – Frank Day – Boulderado, BizWest TV Leadership Series – Lou DellaCava – LJD Enterprises, BizWest TV Leadership Series – Adrian Tuck – Tendril, Celebrating 25th Anniversary – BizWest and Northern Colorado Business Report, Orthopaedic & Spine Center of the Rockies – Celebrating 50 Years, BARA – 2019 Market Facts and Economic Profile, 2018 Brighton, Colorado: Accelerating Business, BARA – 2018 Market Facts and Economic Profile, Confluence: Northern Colorado Water Conference. Their forecasts range from $1.00 to $1.50. Our completion and remedial services are designed to support all phases of the well, while water logistic services provide oilfield supply, transportation, storage and disposal services. The layoffs follow numerous others in the oil and gas industry, including Liberty Oilfield Services Inc. (NYSE: LBRT), which laid off 183 and Halliburton Energy Services Inc., which laid off 130. Rocketnews is an aggregator of the top online news articles and stories from around the globe. Find the latest BASIC ENERGY SERVICES INC (BASX) stock quote, history, news and other vital information to help you with your stock trading and investing. under the Worker Adjustment and Retraining Notification Act on April 4 that it would lay off 62 workers. With expertise ranging from flowback services, to frac assists, drillout operations, and equipment rental opportunities. Thursday, the company added 26 to the total. Fort Worth oilfield service company Basic Energy Services is now a penny stock after being delisted from the New York Stock Exchange. Reviews from Basic Energy Services employees about Basic Energy Services culture, salaries, benefits, work-life balance, management, job security, and more. People are the difference when providing solutions. Basic Energy Services, Inc. begins trading today on OTCQX under the symbol "BASX." 87 Basic Energy Services reviews. Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) today announced a plan to divest of its pumping services assets (not inclusive of FORT MORGAN — Basic Energy Services Inc., a Fort Worth, Texas-based oil and gas services company with operations in Fort Morgan, will lay off an additional 26 full-time employees. Use of any of this information or media on this site is strictly prohibited without express written consent. Basic Energy adds 26 layoffs to its total – BizWest Posted by Editor - Business News | Apr 24, 2020 | Energy | 0 | FORT MORGAN — Basic Energy Services Inc., a Fort Worth, Texas-based oil and gas services company with operations in Fort Morgan, will lay off an additional 26 full-time employees. The company reported under the Worker Adjustment and Retraining Notification Act on April 4 that it would lay off 62 workers. Thursday, the company added 26 to the total. “For these reasons, the company, like all oilfield service providers, is currently facing a significant decrease in the amount of service orders it is receiving from its customers and it anticipates additional significant decreases in the demand for its services in the near future.”, The company said the layoffs are classified as permanent but it “hopes to rebuild its workforce as soon as practicable.”. Tags Human Resources Basic Energy Services Inc/ Career & Workplace. 970.232.3131. The contents of this website are copyright BizWest Media, LLC. The company blamed the reduction in staff on declines in energy demand resulting from the COVID-19 pandemic and an international oil-price war. Affected are equipment operators, mechanics, field supervisors and welders. Site Design and Operation by Murray Owen LLC | A Web Development and Operations Company, Virus update: Reaction to Trump's disinfectant comments, some optimism on jobs, more news of the day – Tulsa World, Coronavirus Unemployment: Jobs That Are Hiring, Tips For Tailoring Your Skills – CBS New York, Wartsila's Risto Paldanius on the pathways to 100% clean energy – GreenBiz, WPX Energy to Host July 30 Webcast – Business Wire, DIVERGENT Energy Services Announces COVID Protocols for its Upcoming Special Meeting – GlobeNewswire, Dominion Energy restoring power to 1,500 homes with suspended service during coronavirus pandemic – Live 5 News WCSC. Basic Energy Services Successfully Completes Prepackaged Restructuring And Emerges From Chapter 11 With $125 Million Of New Capital And Debt Level Reduced By $775 Million FORT MORGAN — Basic Energy Services Inc., a Fort Worth, Texas-based oil and gas services company with operations in Fort Morgan, will lay off an additional 26 full-time employees. BAS needs to maintain consistency in cash flows to support higher capex needs. The following slide deck was published by Basic Energy Services, Inc. Basic Energy Services’ revenues may decline in Q1 2019 due to the continued pressure in the completion activity. For more than 50 years, Knight Energy Services has specialized in serving the oil and gas industry by providing the highest quality oilfield equipment, consultation, and solutions to our clients throughout their project. Regardless of the well lifecycle phase, Basic Energy has services to meet your needs – from new well completions, to workover, to production maintenance through plugging & abandonment. J6 Energy is ready to provide you with pristine work ethic and dedication. Basic Energy Services maintains a strong corporate infrastructure and empowers our decentralized and highly experienced management team to be flexible and responsive to local market needs. Learn how your comment data is processed. FORT MORGAN — Basic Energy Services Inc., a Fort Worth, Texas-based oil and gas services company with operations in Fort Morgan, will lay off an additional 26 full-time employees. J6 Energy Services is an experienced and family operated business specializing in the Oil and Gas Service Industry. Latest News about Basic Energy Services Inc/ Recent news which mentions Basic Energy Services Inc/ NM companies report mass layoffs. Oil and gas producers turn to Basic Energy Services for the fundamentals. Basic Energy adds 26 layoffs to its total. Basic Energy Services | 21.781 seguidores en LinkedIn. Our Vision: To Be THE Trusted Production Services Company in the United States | With headquarters located in Fort Worth, Texas, and over 600,000 active wells in our footprint, Basic Energy Services is focused on the most prolific oil and gas producing regions in the country. Fort Worth, Texas-based Basic Energy Services began laying off 112 employees in March at its Artesia location as it faces a "significant decrease" in the … On average, they anticipate Superior Energy Services' stock price to reach $1.25 in the next twelve months. Thursday, the company added 26 to the total. We service customers with diverse offerings that further our revenue growth and reduce volatility in our business. Fort Worth wellsite services … Rocketnews uses news feeds from a variety on online news feed providers including Feedzilla, Yahoo, and the BBC. Search Engine Watch past honorable mention winner for Best News Search Engine. With just 2 weeks till Christmas, Basic Energy Services is laying off 50 employees at its regional office in Cisco Texas, with another 300 possible in TX, OK, KS, & CO. “As you know, the oil and gas industry is facing unprecedented challenges,” the company wrote in its notice to the state. Basic Energy Services Inc. is trying to get creative, albeit on a small scale, by offering to throw in free rental tools for clients leasing one of its service rigs, Trey Stolz, a spokesman, said. View analysts' price targets for Superior Energy Services or view top-rated stocks among Wall Street analysts. Addition news feed providers included online media suppliers, local and regional publications, industry journals, companies, governments, universities, PR companies, official organizations, associations, shopping guides and weblogs. Discover your career path and take the leap with Nine. All rights reserved. By Lucas High — April 24, 2020. July 16, 2020. Before the layoffs, Basic Energy Services had about 3,300 total employees, Stolz said. Ensign provides equal employment opportunity to all individuals regardless of their race, color creed, religion, national origin, gender, age, sexual orientation, disability, genetic information, veteran status, or any other status protected by law. Basic Energy Services Fort Worth oilfield service … All 350 employees laid off at Basic Energy Services in Cisco CISCO, Texas (KTAB/KRBC) – 50 employees have been laid off at the Basic Energy Services location in Cisco. Basic Energy Services Show More Show Less Fort Worth oil-field service company Basic Energy Services is shuffling executives and consolidating operations … Their experience, their expertise, their ingenuity, and their communication. Houston, Texas-based fracking services company NCS Multistage Holdings is cutting about 80 employees, or 20% of its workforce, while Canadian firm STEP Energy Services … This site uses Akismet to reduce spam. “As you know, the oil and gas industry is facing unprecedented challenges,” the company wrote in its notice to the state. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www. Jeff Nuttall Basic Energy Services L.P. operates as an oil well servicing contractor.

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