People: Basic Energy Services, Inc. (BAS)

BAS on New York Consolidated

8.86USD
9 Feb 2010
Price Change (% chg)

$0.34 (+3.99%)
Prev Close
$8.86
Open
--
Day's High
$9.11
Day's Low
$8.57
Volume
232,517
Avg. Vol
357,030
52-wk High
$13.27
52-wk Low
$5.30

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Summary

Name Age Since Current Position
Webster, Steven 57 2001 Chairman of the Board
Huseman, Kenneth 56 1999 President, Chief Executive Officer, Director
Krenek, Alan 53 2006 Chief Financial Officer, Senior Vice President, Treasurer, Secretary
Swift, Charles 60 2006 Senior Vice President - Operations Support
Patterson, Thomas 34 2008 Senior Vice President - Rig and Truck Operations
Tyner, James 58 2004 Vice President - Human Resources
Rankin, Mark 55 2006 Vice President - Risk Management
Newman, James 44 2008 Group Vice President - Completion and Remedial Services
D'Agostino, James 62 2004 Director
Chiles, William 60 2003 Director
Fulton, Robert 57 2001 Director
Johnson, Sylvester 53 2001 Director
Moore, Thomas 70 2005 Director
Garza, Antonio 2009 Director
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Biographies

Name Description
Webster, Steven Mr. Steven A. Webster is Chairman of the Board of Basic Energy Services Inc. Mr. Webster has served as Co-Managing Partner and President of Avista Capital Holdings, L.P., a private equity firm focused on investments in the energy, media and healthcare sectors, since July 1, 2005. From 2000 until June 30, 2005, Mr. Webster served as Chairman of Global Energy Partners, a specialty group within Credit Suisse’s Alternative Capital Division that made investments in energy companies. From 1998 to 1999, Mr. Webster served as Chief Executive Officer and President of R&B Falcon Corporation, and from 1988 to 1998, Mr. Webster served as Chairman and Chief Executive Officer of Falcon Drilling Company, both offshore drilling contractors. Mr. Webster serves as Chairman of Carrizo Oil & Gas, Inc. and as a director of SEACOR Holdings Inc., Hercules Offshore, Inc., Camden Property Trust, Geokinetics, Inc. and various privately held companies. Mr. Webster was the founder and an original shareholder of Falcon, a predecessor to Transocean, Inc., and was a co-founder and original shareholder of Carrizo. Mr. Webster holds a B.S.I.M. from Purdue University and an M.B.A. from Harvard Business School.
Huseman, Kenneth Mr. Kenneth V. Huseman is President, Chief Executive Officer, Director of Basic Energy Services, Inc. since 1999. Mr. Huseman has 30 years of well servicing experience. Prior to joining Basic, he was Chief Operating Officer at Key Energy Services from 1996 to 1999. He was a Divisional Vice President at WellTech, Inc., from 1993 to 1996. From 1978 to 1993, he was employed at Pool Energy Services Co., where he managed operations throughout the United States, including drilling operations in Alaska. Mr. Huseman graduated with a B.B.A. degree in Accounting from Texas Tech University.
Krenek, Alan Mr. Alan Krenek, Senior Vice President, Chief Financial Officer, Treasurer and Secretary of Basic Energy Services, Inc., has 20 years of related industry experience. He has been Vice President, Chief Financial Officer and Treasurer since January 2005. He became Senior Vice President and Secretary in May 2006. From October 2002 to January 2005, he served as Vice President and Controller of Fleetwood Retail Corp., a subsidiary in the manufactured housing division of Fleetwood Enterprises, Inc. He worked in various financial management positions at Pool Energy Services Co. from 1980 to 1993 and at Noble Corporation from 1993 to 1995. Mr. Krenek graduated with a B.B.A. degree in Accounting from Texas A&M University and is a certified public accountant.
Swift, Charles Mr. Charles W. Swift, Senior Vice President — Operations Support of Basic Energy Services, Inc., has 36 years of related industry experience including 27 years specifically in the domestic well service business. He was named Senior Vice President — Rig and Truck Operations in July 2006, has served as a Vice President since 1997 and was involved in integrating several acquisitions during expansion phase in late 1997. He was a co-owner of S&N Well Service from 1986 to 1997 and expanded the business to 17 rigs at the time of sale of the Company to Basic Energy. From 1980 to 1986, he worked at Pool Energy Services Co. where he managed well service and fluid services businesses. Mr. Swift graduated with a B.B.A. degree in International Trade from Texas Tech University.
Patterson, Thomas Mr. T. M. Patterson, Senior Vice President — Rig and Truck Operations of Basic Energy Services, Inc., has 14 years of related industry experience. He has been Senior Vice President of Rig and Truck operations since September 2008, and has been the Vice President of various different groups within Basic since February 2006. Prior to joining the company, he was president of his own manufacturing and oilfield service company, TMP Companies, Inc., from 2000 to 2006. He was a Contracts/Sales Manager for the Permian Division of Patterson Drilling Company from 1996 to 2000. He was an Engine Sales Manager for West Texas Caterpillar from 1995 to 1996. Mr. Patterson graduated with a B.S. degree in Biology from Texas Tech University.
Tyner, James Mr. James E. Tyner is Vice President — Human Resources of Basic Energy Services, Inc. and has been a Vice President since January 2004. From 1999 to June 2003, he was the General Manager of Human Resources at CMS Panhandle Companies, where he directed delivery of HR Services. Mr. Tyner was the Director of Human Resources Administration and Payroll Services at Duke Energy’s Gas Transmission Group from 1998 to 1999. From 1981 to 1998, Mr. Tyner held various positions at Panhandle Eastern Corporation. At Panhandle, he managed all Human Resources functions and developed corporate policies and as a Certified Safety Professional, he designed and implemented programs to control workplace hazards. Mr. Tyner received a B.S. in General Science and M.S. in Microbiology from Mississippi State University.
Rankin, Mark Mr. Mark D. Rankin, Vice President — Risk Management of Basic Energy Services, Inc., has 31 years of related industry experience. He has been a Vice President since 2004. From 1997 to 2004, he was a consultant to oil and gas companies and was involved in operations research and work process redesign. From 1985 to 1995, he acted as Director of International Marketing and Marketing for U.S. Operations and a District Manager at Pool Energy Services Co. He was an International Sales Manager and Director of Planning and Market Research at Zapata Off-Shore Company from 1979 to 1985. From 1977 to 1979, he was a Contract Manager at Western Oceanic, Inc. He graduated with a B.A. in Political Science from Texas A&M University.
Newman, James Mr. James F. Newman has 24 years of related industry experience and has been Group Vice President of Completion and Remedial Services of Basic Energy Services, Inc. since September 2008. Prior to joining Basic, he co-founded Triple N Services in 1986 and served as its President thru May 2008. He initially served Basic as an Area Manager in the plugging and abandonment operations. Mr. Newman is a registered Professional Engineer and is active in the Society of Professional Engineers. Mr. Newman graduated with a BSc in Petroleum Engineering from Colorado School of Mines.
D'Agostino, James Mr. James S. D'Agostino is Director of Basic Energy Services Inc. Mr. D’Agostino serves as Chairman of the Board, President and Chief Executive Officer of Encore Bancshares, Inc., a banking, wealth management and insurance services holding company currently listed on the NASDAQ Global Market, and has served in such capacities for its subsidiary, Encore Bank, N.A., since November 1999. From 1998 to 1999, Mr. D’Agostino served as Vice Chairman and Group Executive, and from 1997 until 1998, he served as President, Member of the Office of Chairman and a director, of American General Corporation. Mr. D’Agostino graduated with an economics degree from Villanova University and a J.D. from Seton Hall University School of Law.
Chiles, William Mr. William Chiles is Director of Basic Energy Services, Inc. He has served as the Chief Executive Officer and President and a director of Bristow Group Inc. (formerly Offshore Logistics, Inc.), a provider of helicopter transportation services to the worldwide offshore oil and gas industry, since July 2004. Mr. Chiles served as Executive Vice President and Chief Operating Officer of Grey Wolf, Inc. from March 2003 until June 2004. Mr. Chiles served as Vice President of Business Development at ENSCO International Incorporated from August 2002 until March 2003. From August 1997 until its merger into an ENSCO International affiliate in August 2002, Mr. Chiles served as President and Chief Executive Officer of Chiles Offshore Inc. Mr. Chiles has a B.B.A. in Petroleum Land Management from the University of Texas and an M.B.A. in Finance and Accounting with honors from Southern Methodist University, Dallas.
Fulton, Robert Mr. Robert F. Fulton is Director of Basic Energy Services Inc. Mr. Fulton has served as President and Chief Executive Officer of Frontier Drilling ASA, an offshore oil and gas drilling and production contractor, since September 2002. From December 2001 to August 2002, Mr. Fulton managed personal investments. Prior to December 2001, Mr. Fulton spent most of his business career in the energy service and contract drilling industry. He served as Executive Vice President and Chief Financial Officer of Merlin Offshore Holdings, Inc. from August 1999 until November 2001. From 1998 to June 1999, Mr. Fulton served as Executive Vice President of Finance for R&B Falcon Corporation, during which time he closed the merger of Falcon Drilling Company with Reading & Bates Corporation to create R&B Falcon Corporation and then the merger of R&B Falcon Corporation with Cliffs Drilling Company. He graduated with a B.S. degree in Accountancy from the University of Illinois and an M.B.A. in finance from Northwestern University.
Johnson, Sylvester Mr. Sylvester P. Johnson, IV is Director of Basic Energy Services Inc. Mr. Johnson has served as President and Chief Executive Officer and a director of Carrizo Oil & Gas, Inc. since December 1993. Prior to that, he worked for Shell Oil Company for 15 years. His managerial positions included Operations Superintendent, Manager of Planning and Finance and Manager of Development Engineering. Mr. Johnson is a director of Pinnacle Gas Resources, Inc. Mr. Johnson is a Registered Petroleum Engineer and has a B.S. in Mechanical Engineering from the University of Colorado.
Moore, Thomas Mr. Moore has served as a Director of Basic Energy Services, Inc. since 2005. Mr. Moore was a Senior Principal of State Street Global Advisors, the head of Global Fundamental Strategies, and a member of the Senior Management Group from 2001 through July 2005. Mr. Moore retired from this position in July 2005. From 1986 through 2001, he was a Senior Vice President of State Street Research & Management Company and was head of the State Street Research International Equity Team. From 1977 to 1986 he served in positions of increasing responsibility with Petrolane, Inc., including Administrative Vice President (1977-1981), President of Drilling Tools, Inc., an oilfield equipment rental subsidiary (1981-1984), and President of Brinkerhoff-Signal, Inc., an oil well contract drilling subsidiary (1984-1986). Mr. Moore is a Chartered Financial Analyst and holds an M.B.A. degree from Harvard Business School.
Garza, Antonio Mr. Antonio O. Garza is the Director of Basic Energy Services, Inc since May 26, 2009. He served as the United States Ambassador to Mexico from 2002 until January 2009. Before being selected for that position, he was elected to the Texas Railroad Commission (“Commission”) in 1998 and served as its Chairman from 1999 to 2002. Prior to being elected to the Commission, Mr. Garza practiced law as a partner in the Austin, Texas offices of Bracewell & Patterson, L.L.P., now Bracewell & Giuliani. Earlier in his career, Mr. Garza was named by then-Governor George W. Bush as Texas’s Secretary of State and Senior Policy Advisor, in which position Mr. Garza served as the Governor’s lead liaison on border and Mexico affairs.

Basic Compensation

Name Fiscal Year Total
Webster, Steven --
Huseman, Kenneth 1,719,320
Krenek, Alan 833,295
Swift, Charles 603,523
Patterson, Thomas 581,295
Tyner, James 422,071
Rankin, Mark --
Newman, James --
D'Agostino, James --
Chiles, William --
Fulton, Robert --
Johnson, Sylvester --
Moore, Thomas --
Garza, Antonio --
As Of 30 Dec 2008

Options Compensation

Name Options Value
Webster, Steven 0 0
Huseman, Kenneth 882,610 15,081,580
Krenek, Alan 136,750 1,990,780
Swift, Charles 164,450 2,682,629
Patterson, Thomas 0 0
Tyner, James 25,500 380,010
Rankin, Mark 0 0
Newman, James 0 0
D'Agostino, James 0 0
Chiles, William 0 0
Fulton, Robert 0 0
Johnson, Sylvester 0 0
Moore, Thomas 0 0
Garza, Antonio 0 0

Insider Trading

Name Shares Traded Price
HUSEMAN KENNETH V 164 $6.53
HUSEMAN KENNETH V 3 $6.57
HUSEMAN KENNETH V 1,300 $6.55
HUSEMAN KENNETH V 3,036 $6.60
MOORE THOMAS P JR 10,000 $6.54
HUSEMAN KENNETH V 3,300 $6.56
HUSEMAN KENNETH V 1,000 $6.54
HUSEMAN KENNETH V 400 $6.54
HUSEMAN KENNETH V 697 $6.59
HUSEMAN KENNETH V 100 $6.56
WEBSTER STEVEN ALAN 3,200 $6.59
WEBSTER STEVEN ALAN 2,100 $6.64
WEBSTER STEVEN ALAN 600 $6.69
WEBSTER STEVEN ALAN 10,000 $6.75
WEBSTER STEVEN ALAN 1,100 $6.61
WEBSTER STEVEN ALAN 500 $6.66
WEBSTER STEVEN ALAN 3,900 $6.58
WEBSTER STEVEN ALAN 2,600 $6.63
WEBSTER STEVEN ALAN 600 $6.68
WEBSTER STEVEN ALAN 3,400 $6.60
WEBSTER STEVEN ALAN 1,400 $6.65
WEBSTER STEVEN ALAN 1,900 $6.57
WEBSTER STEVEN ALAN 2,900 $6.62
WEBSTER STEVEN ALAN 800 $6.67
WEBSTER STEVEN ALAN 15,400 $6.75
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