Basic Energy Services, Inc. announced that it has acquired the production operations from NexTier. Jack Renshaw, current Senior Vice President of C&J Well Services, will join Basic to lead the newly formed Western Region, consisting of all California and Rocky Mountain operations. Mr. Renshaw will continue to play a critical role building upon C&J Well Services’ legacy of strong customer relationships and culture of safety. Jim Newman, Senior Vice President, Region Operations, will continue to oversee operations in the Permian and Central Regions, as well as Agua Libre Midstream. Adam Hurley, current Vice President, Strategy and Business Development of Basic, will take on the role of Chief Integration Officer, and will be responsible for overseeing the integration process, including optimizing the combined business model and extracting cost synergies. The Basic Board will be expanded to include seven directors, with Julio Quintana, John Jackson, Keith Schilling and James Kern continuing in their roles. Larry First and two additional members appointed by Ascribe Capital will join the Board. Sam Langford and Tim Day agreed to resign from their roles in connection with the closing of the transaction.