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Basic Energy Services joins OFS Portal

Tuesday, February 11, 2020

OFS Portal has announced that Basic Energy Services has joined the organization as a supplier subscriber member.

Basic Energy joins current OFS Portal members which include Baker Hughes, Halliburton, Schlumberger Oilfield Services, Select Energy Services, Total Safety U.S., Weatherford International, and Wellbore Integrity Solutions.

Basic Energy provides more than 2,000 oil and gas companies with a comprehensive range of well site services that support the entire lifecycle of a well in the major onshore oil and gas producing regions in the United States. With operations spanning across six geomarkets, it was important for the Texas-based service provider to find a streamlined way to manage all of their customer price books electronically.

'We were looking for a way to modernize and manage our current catalog process which is still very manual,' said Doug Dunlap, Basic Energy Services Director of Credit-to-Cash & Treasury Operations. 'The OFS Portal Catalog tool provides us a systematic way of publishing price books.'

As an OFS Portal Catalog user, Basic Energy can now publish price book line-items along with contractual pricing specific to each customer in just one format. The price book format remains the same irrespective of the number of customers, providing Basic Energy with more operational consistency and streamlined operations.

'OFS Portal has a unique position in the oil and gas industry in that we are a body created by suppliers for suppliers with the common goal of increasing operational consistency and efficiency for both supplier and buyers,' said Chris Welsh, OFS Portal CEO. 'Fundamental to this is our legal agreements which enables a standard way of implementing eCommerce utilizing royalty free and open industry standards in addition to providing data protection, governance and ownership.'

Basic Energy will now be a part of the large OFS Portal community comprised of eight of the most globally diverse oilfield service companies, over 400 oil and gas operators and more than 45 eCommerce networks; each operator and network have an OFS Portal agreement in place.

'Now a part of the OFS Portal community, we benefit from all of the existing legal agreements,' said Dunlap. 'We can now rest easy knowing our data and commercial trade secrets are protected.'



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