Basic Energy Services Inc issued the following announcement on Aug. 15.

Basic Energy Services, Inc. (NYSE: BAS) ("Basic" or the "Company") announced the appointment of David Schorlemer as Senior Vice President and Chief Financial Officer. Mr. Schorlemer is an accomplished professional with two decades of experience in senior level positions with public and private companies spanning such areas as finance, technology, business process systems integration, growth acquisitions, strategic and organizational planning and capital markets transactions, among others. In his role as Senior Vice President and Chief Financial Officer, he will be responsible for overseeing and managing all of Basic's finance, technology and accounting responsibilities. Mr. Schorlemer's appointment will be effective August 27, 2018.

"With David joining our team, we are adding a talented and experienced individual with a unique background in finance, technology, organic and acquisition growth, strategic planning and capital markets transactions," said Roe Patterson, Basic's President and Chief Executive Officer. "As we continue to grow our business and implement our strategic initiatives, David's extensive industry knowledge and financial management experience will prove valuable."

Mr. Schorlemer is replacing Alan Krenek, who retired as the Company's Senior Vice President, Chief Financial Officer, Treasurer and Secretary, effective August 15, 2018.

Concerning Mr. Krenek's retirement, "It has been a pleasure to work with Alan over the last 12 years. We thank him for his years of steadfast service to the company and we wish him the very best in his retirement," Mr. Patterson said.

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