BASA Resources Revenue and Competitors

Dallas, TX USA

Location

N/A

Total Funding

Energy/Oil

Industry

Estimated Revenue & Valuation

  • BASA Resources's estimated annual revenue is currently $9.4M per year.(i)
  • BASA Resources's estimated revenue per employee is $149,333

Employee Data

  • BASA Resources has 63 Employees.(i)
  • BASA Resources grew their employee count by 5% last year.

BASA Resources's People

NameTitleEmail/Phone
1
Chief Accounting OfficerReveal Email/Phone
2
CFOReveal Email/Phone
3
CCO, In-House Counsel, VP Land, Board Certified in Oil, Gas and Mineral LawReveal Email/Phone
4
VP Land/Chief Compliance OfficerReveal Email/Phone
5
V.P. OperationsReveal Email/Phone
6
VP Reservoir EngineeringReveal Email/Phone
7
VP DrillingReveal Email/Phone
8
VP general CounselReveal Email/Phone
9
VP Finance and Investor RelationsReveal Email/Phone
10
VP Reservoir EngineeringReveal Email/Phone
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$38M14123%N/AN/A
#2
$60.6M2254%N/AN/A
#3
$6.7M343%N/AN/A
#4
$11.2M516%N/AN/A
#5
$18.6M766%N/AN/A
#6
$7.3M3915%N/AN/A
#7
$42.3M15734%N/AN/A
#8
$18.6M764%N/AN/A
#9
$6.9M356%N/AN/A
#10
$5M290%N/AN/A
Add Company

What Is BASA Resources?

BASA Resources Inc. is a private corporation founded in early 1989 by Michael N. Foster, Jr. and Lary D. Knowlton. The Dallas based company, with monthly production of approximately 336,000 BOE, ranks as the 23rd largest private producer of liquid hydrocarbons in the United states and among the top 20 of the more than 8,400 producers of oil in the state of Texas. BASA is one of the fastest growing oil companies in Texas, owing its 20% average annual growth in production since 1997 to its aggressive acquisition strategy. The company currently owns and operates more than 3,100 wells located in 3 states across 61 different fields. The firm's primary strategic focus since inception has been the acquisition and development of proven producing properties. BASA's corporate strategy targets the exploitation of mature properties divested by large oil and gas firms, concentrating on contrarian and niche oil and gas plays. Saddled by higher production expenses, large publicly held companies have turned to the divestment of domestic oil and gas assets as a source of capital to fund more capital intensive international and offshore programs. Prospective acquisition candidates for BASA are characterized by predictable decline curves, demonstrated stability in production, extended economic life, and recognizable upside potential. All of these factors combined with BASA's lean management and operations structure contribute to the achievement of superior risk adjusted returns. BASA, as a lean private operator, does not carry the elevated overhead of larger oil and gas companies, thus lower development and per barrel lifting costs allow BASA to realize profitability from wells that have fallen out of favor with their current owners. The simple transfer of property ownership to BASA's cost effective management and operations model has commonly resulted in a 20% to 40% reduction in the operations expense attributable to the assets. BASA specializes in the recovery of oil and gas reserves from mature wells that require the use of special techniques known as secondary and tertiary recovery. These methods require a broad understanding of engineering, oil field mechanics, and reservoir manipulation. Increased and sustained production are most often achieved through a combination of these components. The firm's employee base has over 2.5 million man hours employed in this area of the oil field and an average of over 20 years of oil and gas experience per employee. A unique characteristic of the firm's personnel is that many of the field employees have been working on the same field for the majority of their careers and came to work for BASA when the properties were acquired.

keywords:N/A

N/A

Total Funding

63

Number of Employees

$9.4M

Revenue (est)

5%

Employee Growth %

N/A

Valuation

N/A

Accelerator

BASA Resources News

2022-04-20 - Nagaland: ATMA conducts various programmes

Resource person, Tangit Longkumer, ATM, conducted a demonstration on ... of sweet corn (F1 hybrid) at Seitheke Basa village on April 22.

2022-04-13 - Drilling report: April 3-9, 2022 | Local | news-journal.com

Cass Rose City Resources LLC. ... Van Zandt Basa Resources Inc. Shivers, J.R. 12/11 Van 2950 N/A N/A 0.5 mile north of Van...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$13.9M63-2%N/A
#2
$7.5M6311%N/A
#3
$7.9M63N/AN/A
#4
$14.2M639%N/A
#5
$15.3M6313%N/A