Acquisitions

9 Months Ended

Sep. 30, 2014

Acquisitions [Abstract]

Acquisitions

2. Acquisitions

In 2013 and during the first nine months of 2014, Basic acquired either substantially all of the assets or all of the outstanding capital stock of each of the following businesses, each of which was accounted for using the purchase method of accounting. The following table summarizes the final values for the acquisitions at the date of acquisition (in thousands):

		Total Cash Paid
	Closing Date	(net of cash acquired)
Atlas Environmental Consulting, Inc. and Atlas Oilfield Construction Company, LLC	February 19, 2013	$	12,979
Petroleum Water Solutions, LLC	February 22, 2013		3,288
Karnes Water Management, LLC	December 31, 2013		5,200
Total 2013		$	21,467
Pioneer Fishing and Rental Services, LLC	September 17, 2014	$	16,090
Total 2014		$	16,090

The operations of each of the acquisitions listed above are included in Basic’s consolidated statement of operations as of each respective closing date. The pro forma effect of the acquisition completed in the first nine months of 2014 is not material, either individually or when aggregated, to the reported results of operations. The provisional value used with respect to Pioneer Fishing and Rental Service, LLC will be finalized once the valuation of the tangible and intangible assets is complete.