Basic Energy Sued Over $18M Botched Well Job

Law360, New York (April 16, 2010, 1:52 PM EDT) -- Cresson SWD Services LP has filed an $18 million suit against Basic Energy Services LP, claiming the well site services provider failed to fix a saltwater injection well, instead destroying it and driving the company into bankruptcy.

Basic lost equipment in the well hole and has refused to make the necessary fixes, effectively ruining Cresson's only source of revenue, the company claims in a complaint filed Thursday in the U.S. District Court for the Northern District of Texas.

“By the time Basic finished destroying the well,...
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