Basic Energy Services Announces NYSE Non-compliance Notification Due to Minimum Average Share Price Requirement

FORT WORTH, Texas--(BUSINESS WIRE)--Basic Energy Services, Inc. (NYSE: BAS) (“Basic” or the “Company”) announced that on November 6, 2019, the Company was notified by the New York Stock Exchange (“NYSE”) that the average closing price of the Company’s shares of common stock had fallen below $1.00 per share over a period of 30 consecutive trading days, which is the minimum average share price for continued listing on the NYSE under Rule 802.01C of the NYSE Listed Company Manual. Under the NYSE’s rules, the Company has six months following receipt of the notification to regain compliance with the minimum share price requirement.