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.…