useful blog Basic Energy

July 22 - Shares of Basic Energy Services Inc fell 11 percent after the oilfield services providersaid it expects high labor and operating costs to weigh on itsmargins going forward.
"Margin percentage won't progress in our view much beyondthe mid 40-45 percent useful blog , Chief Financial Officer Alan Krenek saidon a conference call with analysts.
Basic Energy, which provides site services essential tomaintaining production from oil and gas wells useful blog , said increasedactivity in the industry has led to higher labour and operatingcosts.
The company, which acquired Maverick group of companies inJuly for $180 million to boost its pumping operations, said itwill spend about $10-$30 million on new acquisitions.
On Thursday useful blog , the company posted market-laggingsecond-quarter results.
Revenue at the Midlanduseful blog, Texas-based company rose 21 percent.
Expenses rose 39 percent to $255.1 million due to increasedpersonnel costs and transactions costs related to acquisitions.
Shares of the company useful blog , which gained 50 percent since June 13when it forecast a sequential rise in second-quarter sales, weretrading down 9 percent at $33.61. They had touched a low of$32.96 earlier in a session. (Reporting by Divya Lad in Bangalore; Editing by Don Sebastian)
(Created by Divya Lad)