Asset Sales Opportunities Basic Energy Services sold multiple assets in 2021, totaling tens of millions of dollars. Companies purchasing these assets, such as Ranger Energy Services and Select Energy Services, may have ongoing needs for related services or additional equipment, presenting potential sales opportunities for relevant suppliers.

Workforce Reduction Impact With significant workforce reductions in 2021, including over 1,200 job cuts in Texas, California, and New Mexico, companies offering outplacement services, training programs, or employee assistance programs could approach these affected employees, potentially providing a market for their services.

CFO Resignation Ripple Effect The departure of the CFO in 2020 might have initiated changes in financial management or consulting services at Basic Energy Services. This event could trigger a need for financial advisory services, auditing, or interim CFO support within the company or similar organizations.

Operational Consolidation Consultation Basic Energy Services' Chapter 11 restructuring and subsequent asset sales may necessitate expert advice on operational consolidation, streamlining processes, or cost-saving strategies. Consulting firms specializing in operational efficiency or restructuring could find opportunities to offer their services to the company or similar businesses.

Market Adjacency Approach Given Basic Energy Services' exit from the market in 2021, competitors of the company or businesses offering complementary services may explore entering the vacated market segments. This presents a chance for companies providing adjacent products or services to target Basic Energy Services' former clients or fill the gap left by its absence.