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Best Energy Services, Inc (BEYSQ)

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Last Post: 2/28/2017 8:26:30 AM - Followers: 10 - Board type: Free - Posts Today: 0

Welcome to Best Energy Services

Website www.beysinc.com/home/      Google www.google.com/    Bloomberg preview.bloomberg.com/   Reuters www.reuters.com/ 

We are an energy production equipment and services company engaged in well servicing, workover and related complementary activities. We own a total of 25 well service and workover rigs, and we conduct our well services primarily in the Mid-Continent regions of the United States.

Until such operations were discontinued in 2009, we also provided drilling services and related complementary activities in the Rocky Mountain region of the United States. We currently own a nine drilling rigs that we are in the process of selling. Also, until such operations were discontinued in 2009, we provided housing accommodations to the oil and gas drilling industry principally in Texas and geological mud-logging services to our then existing business segments. We are also in the process of divesting the assets of this business.

Well Servicing Division. Our acquisition of Best Well Service, Inc., or BWS, gave us a strong footprint in the hydrocarbon-rich Hugoton basin. BWS operates up to 25 well service rigs in the Mid-Continent region of the United States. BWS has distinguished itself over the years in its service to both major oil companies and large independents, as well as an employee retention history that we believe is among the best in the industry. BWS also has complete in-house safety certifications and ranks extremely high within its regional peer group.

Business Strategy Going Forward

Our overreaching goal for 2010 is to increase the level and predictability of our revenues in the well services business.

Basin-Centered Opportunities. In early 2009, workover activity industry-wide witnessed a severe contraction. At BWS, activity decreased in a matter of weeks from 25 active rigs to as few as three. In the wake of that decline, BWS was able to restore its activity level to between 40-60% of available rigs by capturing a larger market share of available work in the Hugoton Basin. Best now estimates that BWS's share of the local market is roughly 80% versus 30-35% in 2008.

HBFP. During 2009, a much repeated reason our customers gave for not having more active workover programs was that capital was not being made available from their corporate decision makers. In recognition of the customer's needs for capital, Best is in the process of establishing Hugoton Basin Financing Partners, or "HBFP," a joint undertaking with an oil and gas focused private equity group based in New York.

Under the arrangement as currently contemplated, BWS would source candidates for HBFP that require capital to finance their workover projects. HBFP would take capital advanced to it by the private equity Fund and, on certain undisclosed terms, provide financing to the customer in return for a preferential return from production from the wells, plus a premium and a residual back-in after payout. Customers of HBFP would be required to use BWS to provide their workover services. In addition, BWS would be retained to bundle certain additional services for the HBFP customer, with BWS being compensated for such services by the vendor. The HBFP non-binding indicative term sheet calls for up to $5 million of capital being made available to potential BWS customers. The HBFP transaction is subject to negotiation of a definitive agreement between the Fund and Best. Best believes there may be a substantial market for this style of financing, not only in the Hugoton Basin, but in other basins as well.


Best Energy Services, Inc.

10375 Richmond Ave.
Suite 2000
Houston, TX 77042

Phone: 713-933-2600
Fax: 713-933-2602
E-mail: BEYS@efcg.net

Investor and Media Relations

Dodi B. Handy, President & CEO

Elite Financial Communications Group, LLC/Elite Media Group
605 Crescent Executive Ct.
Suite 124
Lake Mary, FL 32746

Phone: 407-585-1080
Fax:407-585-1081
E-mail: BEYS@efcg.net

BEYSQ
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#233   Yes, BEYSQ had its stock registration revoked on Renee 02/28/17 08:26:30 AM
#232   hi Renee pennystock_es 02/28/17 05:02:59 AM
#231   It appears that way, Chesco. Too many companies Renee 10/24/13 07:35:36 AM
#230   Hi Renee: pennystock_es 10/24/13 07:16:30 AM
#229   BEYSQ: SEC Admin Law Judge Initial Decision to Renee 10/23/13 02:31:23 PM
#228   Thanks, I have a problem with a Zecco pennystock_es 10/22/13 05:07:34 PM
#227   Suspended by the SEC. At the Grey Market Value_Investor 10/22/13 05:03:39 PM
#226   Hi Value has BEYSQ news ? pennystock_es 10/22/13 04:58:54 PM
#225   There is more info ? still suspended ? pennystock_es 10/10/13 04:10:17 PM
#224   BEYSQ - SEC suspension samsamsamiam 09/18/13 09:45:05 AM
#223   We're up to $0.0023......where are we landing next? sics75 07/10/13 08:13:01 PM
#222   good volume pennystock_es 04/29/13 03:40:37 PM
#221   Yeah. The next ask is 10K-0.005 from Level2! Value_Investor 04/16/13 04:20:57 PM
#220   GO BEYSQ ¡¡¡ pennystock_es 04/16/13 04:12:46 PM
#219   50K-0.0011 x 20K-0.0024 now. Super thin asks! 0.005 Value_Investor 04/16/13 01:42:48 PM
#218   Why the suddenly sales today? Anyway 10K-0.0015 x Value_Investor 04/16/13 11:27:20 AM
#217   50K-0.0015 x 60K-0.0024 now. Value_Investor 04/10/13 03:33:42 PM
#216   20K-0.0015 x 60K-0.0024 now. Extremely tiny asks above 0.0024! Value_Investor 04/10/13 02:27:05 PM
#215   Super thin asks from the Level2! Extremely oversold Value_Investor 04/10/13 10:41:35 AM
#214   50K-0.0016 x 40K-0.0024. The next ask is 20K-0.0029! Value_Investor 04/10/13 10:11:59 AM
#213   SS: Only 28.26M shares float. Just 36.62M shares OS. Value_Investor 04/06/13 04:05:25 PM
#212   50K-0.0016 x 50K-0.0024 now. The bid is up Value_Investor 04/05/13 10:37:45 AM
#211   110K-0.0015 x 60K-0.0024 now. The next ask is Value_Investor 04/03/13 02:40:34 PM
#210   Up 100% so far! Extremely undervalued now! Joke Value_Investor 03/26/13 10:56:35 AM
#209   100K-0.0015 x 60K-0.0024 now. The similar energy Qs Value_Investor 03/18/13 12:04:31 PM
#208   210K-0.0012 x 60K-0.0024. Extremely oversold and super undervalued! Value_Investor 03/12/13 01:42:41 PM
#207   Above 100K-.0027 nothing at the ask from the Value_Investor 03/07/13 11:04:26 AM
#206   Almost there!!! sics75 03/04/13 07:49:51 PM
#205   Up 118.2% now! Easy to hit the penny Value_Investor 03/04/13 03:02:58 PM
#204   330K-0.0011 x 20K-0.002 now. Three MMs on the Value_Investor 02/25/13 05:13:08 PM
#203   accumulating ok;) pennystock_es 02/21/13 05:29:00 PM
#202   Yes. Extremely undervalued at the current ridiculous low Value_Investor 02/21/13 05:10:49 PM
#201   This company is active? pennystock_es 02/21/13 05:07:17 PM
#200   Only 28.26M shares float and 36.62M shares OS. Value_Investor 02/14/13 01:27:12 PM
#199   Up 10% so far! Strong bids support (two Value_Investor 02/14/13 12:56:32 PM
#198   140K-0.0011 x 10K-0.002 now. The bid is up Value_Investor 02/14/13 11:34:10 AM
#197   20K-0.001 x 10K-0.002. Super thin asks from the Value_Investor 02/13/13 12:03:26 PM
#196   It is extremely hard to understand why people Value_Investor 01/15/13 11:14:38 AM
#195   Someone stupid sellers dumped 30K shares at the Value_Investor 01/03/13 09:42:03 PM
#194   10K-0.001 x 50K-0.002 now. .001 has been proved Value_Investor 12/14/12 12:27:15 PM
#193   The very stupid seller dumped 45K shares at Value_Investor 12/06/12 03:23:32 PM
#192   Wow, someone still dumped the very cheap shares Value_Investor 11/19/12 11:25:01 AM
#191   Who are those very stupid sellers which had Value_Investor 10/25/12 10:42:29 AM
#190   Up 100% so far! The recent high 0.003 Value_Investor 10/22/12 12:42:04 PM
#189   Who is the very stupid seller which dumped Value_Investor 10/18/12 12:06:21 PM
#188   The bid was 1.09M shares at 0.0015 yesterday. Value_Investor 09/29/12 03:28:36 PM
#187   As I known it is still in the Value_Investor 09/26/12 10:52:49 AM
#186   I got on E-trade and pulled it up. UHCougar 09/26/12 10:50:27 AM
#185   Nothing wrong here! You can use the other Value_Investor 09/26/12 10:48:05 AM
#184   I can't seem to pull this company up UHCougar 09/26/12 09:40:47 AM
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