Basic Energy Services Announces Actions in Response to Recent Market Volatility

FORT WORTH, Texas–(BUSINESS WIRE)–Basic Energy Services, Inc. (OTCQX: BASX) (“Basic” or the “Company”) today announced that the Company is implementing several cost control and capital preservation measures in response to the rapidly changing market outlook in a lower commodity price environment as well as market uncertainty related to the impact of the COVID-19 virus. In addition to reducing projected 2020 capital expenditures 60% from the previously announced $43 million to $17 million and Read on The Source

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