3. Acquisitions

In 2012, 2011 and 2010, Basic acquired either substantially all of the assets or all of the outstanding capital stock of each of the following businesses, each of which were accounted for using the purchase method of accounting. The following table summarizes the final values at the date of acquisition, except for the acquisitions completed in 2011 whose values are provisional (in thousands):


	Closing Date		Total Cash Paid (net of cash acquired)
Rocky Mountain Cementers, Inc.		March 1, 2010	$	687
New Tech Systems, Inc		April 20, 2010		900
Taylor Rig, LLC		May 3, 2010		8,734
Platinum Pressure Services, Inc.		December 16, 2010		39,942

Total 2010			$	50,263


Lone Star Anchor Trucking, Inc		July 7, 2011	$	10,102
Maverick Stimulation Company, LLC, Maverick Coil Tubing Services, LLC, Maverick Thru-Tubing, LLC, Maverick Solutions, LLC, The Maverick Companies, LLC, MCM Holdings, LLC, and MSM Leasing LLC (collectively the “Maverick Companies”)		July 8, 2011		186,251
Pat’s P&A, Inc.		August 1, 2011		8,974
Cryogas Services LLP		September 8, 2011		11,085

Total 2011			$	216,412


Mayo Marrs Casing Pulling, Inc.		January 13, 2012	$	6,644
SPA Victoria, LP		March 16, 2012		11,948
Surface Stac, Inc.		May 15, 2012		23,184
Salt Water Disposal of North Dakota LLC		December 19, 2012		43,190

Total 2012			$	84,966

The operations of each of the acquisitions listed above are included in Basic’s statement of operations as of each respective closing date. The acquisition of the Maverick Companies in July 2011 has been deemed significant and is discussed below in further detail. The pro forma effect of the remainder of the acquisitions completed in 2010, 2011 or 2012 are not material, either individually or when aggregated, to the reported results of operations.

The Maverick Companies

On July 8, 2011, Basic acquired all of the equity interests of Maverick Stimulation Company, LLC, Maverick Coil Tubing Services, LLC, Maverick Thru-Tubing, LLC, Maverick Solutions, LLC, The Maverick Companies, LLC, MCM Holdings, LLC, and MSM Leasing LLC (collectively the “Maverick Companies”). The results of the Maverick Companies’ operations have been included in the financial statements since that date. The amount of revenue included in the consolidated income statement in 2012 and 2011 was $130.8 million and $62.4 million, respectively. The aggregate purchase price was approximately $186.3 million in cash. This acquisition allowed us to expand our stimulation, coiled tubing, and thru tubing business in Colorado, New Mexico, Utah, and Oklahoma. This acquisition also allowed us to enter the water treatment business. The Maverick Companies operate in Basic’s completion and remedial segment. The following table summarizes the fair value of the assets acquired and liabilities assumed at the date of acquisition for the Maverick Companies (in thousands):


Current Assets	$	17,112
Property and Equipment		92,856
Other Intangible Assets(1)		29,400
Goodwill(2)		60,381
Other Non-Current Assets		464

Total Assets Acquired	$	200,213

Current Liabilities	$	11,824
Deferred Income Taxes		—

Total Liabilities Assumed	$	11,824

Net Assets Acquired	$	188,389

(1)	Other intangible assets consists of customer relationship of $25.3 million, amortizable over 15 years, non-compete agreements of $3.6 million, amortizable over five years, intellectual property of $380,000, amortizable over 15 years, and trade name of $170,000 with an indefinite life.

(2)	Goodwill is primarily attributable to operational and cost synergies expected to be realized from the acquisition by integrating Maverick’s equipment and assembled workforce. All of the goodwill is expected to be deductible for tax purposes.