Basic Energy Services, Inc. (BAS) 2014年年度报告「NYSE」.pdf

1、ABOUT BASICABOUT BASICBasic Energy Services provides a wide range of services to Americas oil and gas producers.With a footprint that spans the heartland of domestic onshore production,Basic supports seven geomarkets conducting operations in the Texas Gulf Coast region,the Ark-La-Tex region,the Perm

2、ian Basin of West Texas,California,the Mid-Continent,the Appalachian region and the Rocky Mountains.*Net income before interest,taxes,depreciation and amortizationADJUSTED EBITDA*(Millions)$114$335$318$235$30820102011201420132012$350$300$250$200$150$100$50$0Contract DrillingCompletion&Remedial Servi

3、cesFluid ServicesWell ServicingSEGMENT PROFIT(Millions)$500$400$300$200$100$020102014201320122011REVENUE(Millions)$1,500$1,250$1,000$750$500$250$020102011201220142013FINANCIAL HIGHLIGHTS201412014 ANNUAL REPORTI am pleased to say that throughout 2014,these strengths,on which our company was founded,p

4、rovided the means to reach our goals for the year and prepare for the challenges of 2015.PRUDENTLY EXPANDING OUR CAPACITY With high customer activity at the beginning of 2014,we embarked on a growth program to meet those needs.We expanded capacity and front-loaded our investment early in the year wh

5、ile demand was at its greatest.Our expansion capital spending included$119.5 million for the Completion and Remedial Services segment$16.6 million for the Fluid Services segment,$10.7 million for the Well Servicing segment,and$1.7 million for the Contract Drilling segment.This included increasing ou

6、r Pumping Services hydraulic horsepower from 297,000 HHP to a total of 443,000 HHP and expanding our Saltwater Disposal network from 81 to 85.Other capital expenditures were mainly for facilities and IT infrastructure.Most assets purchased were in the field by the end of the third quarter,allowing u