Lime Rock-backed Axis Energy, Berry and Select Energy completed the acquisition of certain assets from Basic Energy Services for $43m..

Lime Rock-backed Axis Energy, a provider of pressure control equipment rental services, Berry, an upstream energy company, and Select Energy, a water management services provider, completed the acquisition of certain assets from Basic Energy Services, a provider of well site services to oil and gas drilling and producing companies for $43m. The assets consist of well servicing and completion & remedial segment assets outside of California, assets in California and water logistics segment assets outside of California, including all of the assets of Agua Libre Midstream. “We believe the asset purchase agreements will enable us to maximize the value of our businesses and create the best path forward for our customers, partners, employees and the communities we serve. The Company has faced extraordinary challenges as a result of the COVID-19 pandemic, and we thank the Basic team for their ongoing hard work and dedication as we continue to provide our customers outstanding service, experienced crews and a wide range of safe and efficient production services," Keith Schilling, Basic President and CEO.