More bad news for Basic Energy (BAS), as it lowers revenue guidance. The provider of well site...

|About: Basic Energy Services, Inc. (BAS)|By:, SA News Editor

More bad news for Basic Energy (BAS), as it lowers revenue guidance. The provider of well site services sees Q3 revenues down 5%-6% Q/Q and Q4 down another 3%-5%. Yesterday, BAS said it had received an SEC subpoena concerning information from its June 2011 operating data.