Fort Worth wellsite services company makes acquisition

Basic Energy Services recently closed on its acquisition of Houston-based NexTier Oilfield Solutions Inc.’s production operations for about $94 million in cash and notes.

Basic’s President and Chief Executive Officer Keith Schilling said that the company’s acquisition of C&J Well Services will bolster its production service businesses.

“We believe that this transaction actually positions us for our future growth and gives us a foundation that we can build on,” he said in an interview.…

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