Subsequent Events

6 Months Ended

Jun. 30, 2011

Subsequent Events [Abstract]

Subsequent Events

14. Subsequent Events

     On July 7, 2011, Basic completed the acquisition of substantially all of the operating assets of Lone Star Anchor Trucking, Inc. for total cash consideration of $10.1 million. This acquisition will operate in Basic’s fluid services segment.

     On July 8, 2011, Basic completed the acquisition of the outstanding equity interests of the Maverick companies (“Maverick”) for total cash consideration of $180.0 million, net of working capital acquired. Maverick provides stimulation, coil tubing and thru-tubing services and will operate in Basic’s completion and remedial services segment.

     On July 15, 2011, Basic amended its existing revolving credit facility, increasing the available credit from $165.0 million to $225.0 million. No changes were made to the collateral, interest rates, or guarantors as part of this amendment.

     During July 2011, Basic received aggregate federal income tax refunds of approximately $80.1 million relating to Basic’s 2009 and 2010 tax returns.