Press

BASIC ENERGY SERVICES JOINS OFS PORTAL


HOUSTON, TEXAS —OFS Portal announced today that Basic Energy Services (OTCQX: BASX) has joined the organization as a supplier subscriber member. Basic Energy joins current OFS Portal members which include Baker Hughes, Halliburton, Schlumberger Oilfield Services, Select Energy Services, Total Safety U.S., Weatherford International, and Wellbore Integrity Solutions.

Basic Energy provides more than 2,000 oil and gas companies with a comprehensive range of well site services that support the entire lifecycle of a well in the major onshore oil and gas producing regions in the United States. With operations spanning across six geomarkets, it was important for the Texas-based service provider to find a streamlined way to manage all of their customer price books electronically.

“We were looking for a way to modernize and manage our current catalog process which is still very manual,” said Doug Dunlap, Basic Energy Services Director of Credit-to-Cash & Treasury Operations. “The OFS Portal Catalog tool provides us a systematic way of publishing price books.”

As an OFS Portal Catalog user, Basic Energy can now publish price book line-items along with contractual pricing specific to each customer in just one format. The price book format remains the same irrespective of the number of customers, providing Basic Energy with more operational consistency and streamlined operations.

 “OFS Portal has a unique position in the oil and gas industry in that we are a body created by suppliers for suppliers with the common goal of increasing operational consistency and efficiency for both supplier and buyers,” said Chris Welsh, OFS Portal CEO. “Fundamental to this is our legal agreements which enables a standard way of implementing eCommerce utilizing royalty free and open industry standards in addition to providing data protection, governance and ownership.”

Basic Energy will now be a part of the large OFS Portal community comprised of eight of the most globally diverse oilfield service companies, over 400 oil and gas operators and more than 45 eCommerce networks; each operator and network have an OFS Portal agreement in place. 

“Now a part of the OFS Portal community, we benefit from all of the existing legal agreements,” said Dunlap. “We can now rest easy knowing our data and commercial trade secrets are protected.”

About Basic Energy Services

With headquarters in Fort Worth, Texas, Basic Energy Services conducts operations in the Texas Gulf Coast region, the Central region, the Permian Basin of West Texas, California and the Rocky Mountains. Basic Energy's regional expertise and responsiveness helps keep production flow safe and efficient regardless of the challenge, complexity or phase in the well lifecycle.

About OFS Portal

Based in Houston, Texas, OFS Portal, LLC is a member-based group of industry-leading upstream oil and gas suppliers and service providers. Membership to OFS Portal is open to any supplier operating in oil and gas. For more information about an OFS Portal membership or Catalog services, please contact info@ofs-portal.com.



New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

https://ofs-portal.com/news/basic-energy-services-...

PIDXEnergycatalogOFS Portal

More items from kacey


Payload Joins PIDX International

Payload Joins PIDX International - Driving Modern Standards for Modern Programming Languages - Houston, TX – January 22, 2020 – PIDX International announced today that Payload has joined the organization as a new member. Serving the Energy Industry by offering a web and mobile-based application ...

Kacey White


Posted 1 month agoPress

PIDX International Welcomes New Member Conexiom

Houston, TX – December 19, 2019 – PIDX International, a professional standards organization dedicated to advancing data exchange in the Energy Industry, announced today that Conexiom has joined the organization. Conexiom serves the industry by offering an advanced, software as a service (SaaS) solu ...

Kacey White


Posted 2 months agoPress

ChaiOne Joins PIDX International

Houston, TX – December 17, 2019 – PIDX International announced today that ChaiOne has joined the organization as a member. ChaiOne leverages behavioral science and user research to design, build and deploy cutting-edge technology solutions that enable the Energy Industry to manage its workforce, ma ...

Kacey White


Posted 2 months agoPress

PIDX International Releases Field Ticket Business Process Guideline Standard

PIDX International Releases Field Ticket Business Process Guideline Standard Houston, TX – December 3, 2019 – The Petroleum Industry Data Exchange, Inc. (PIDX International) announced that it has published the Field Ticket Business Process Guideline standard which will significantly reduce dela ...

Kacey White


Posted 2 months agoPress > petroleumdatadata exhchange +1

EIV CAPITAL HIRES DIRECTOR OF COMMUNICATIONS AND INVESTOR RELATIONS

EIV CAPITAL HIRES DIRECTOR OF COMMUNICATIONS AND INVESTOR RELATIONS Houston, TX, (October 29, 2019) – EIV Capital, LLC (“EIV Capital”) today announced that Julia Szlakowski, has joined the firm as Director of Communications & Investor Relations. Julia brings 17 years of client relations, business d ...

Kacey White


Posted 3 months agoPress > EmployeesCommunicationsinvestment
All posts from kacey