Summary of Significant Accounting Policies (Tables)

12 Months Ended

Dec. 31, 2019

Accounting Policies [Abstract]

Summary of Estimated Useful Lives of the Assets

All property and equipment are depreciated or amortized (to the extent of estimated salvage values) on the straight-line method and the estimated useful lives of the assets are as follows:

Asset Type:	Useful Life
Buildings and improvements	20-30 years
Well service units and equipment	3-15 years
Fluid services equipment	5-10 years
Brine and fresh water stations	15 years
Fracturing/test tanks	10 years
Disposal facilities	10-15 years
Vehicles	3-7 years
Rental equipment	2-15 years
Software and computers	3 years

Amortizable Intangible Assets

Basic’s intangible assets subject to amortization were as follows (in thousands):

	December 31,
	2019		2018
Trade names	$	3,230	$	3,410
Other intangible assets	48		48
Sub-total	3,278		3,458
Less accumulated amortization	675		474
Intangible assets subject to amortization, net	$	2,603	$	2,984

Schedule of Amortization Expense

Amortization expense for the next five succeeding years is expected to be as follows (in thousands):

	Amortization
	Expense
2020	$	225
2021	225
2022	215
2023	215
2024	215
Thereafter	1,508
Total	$	2,603