Subsequent Events

12 Months Ended

Dec. 31, 2014

Subsequent Events [Abstract]

Subsequent Events

20.Subsequent Events

In January 2015, all of the DLJ Parties ceased to be affiliates of Basic, and all outstanding shares of Basic stock previously held by the DLJ Parties were distributed to individual unit holders.  As a result of the DLJ Parties ceasing to be affiliates, the Stockholders’ Agreement between the Company and the DLJ Parties terminated.

In February 2015, Basic purchased 100 acres of land in Midland, Texas, from a director, for a total purchase price of $1.5 million.