Max Dillard and Sam Anderson, Managing Directors of the Dillard Anderson Group ("DAG"), announced the sale of Team Snubbing Services, Inc., of Conway, Arkansas, to Basic Energy Services, Inc. (NYSE:BAS).

Ken Huseman, Basic's President and Chief Executive Officer, stated in a separate release, "We re-entered the acquisition market by closing our first acquisition since September 2008, with the purchase of the assets of Team Snubbing Services, Inc. ("Team") on December 28, 2009. Team, based in Conway, Arkansas, operates a fleet of eight snubbing units in the Fayetteville Shale market. The growing demand for well intervention work related to the substantial existing well count in the area, augmented by the extensive drilling programs planned for the next several years, prompted our entry into this market. We believe the strength of the Team management and franchise in the area will support adding a number of our other services over the course of 2010."

DAG served as exclusive financial advisors to Team and its owners, Mr. Ricky Parker, and Mr. Rob Gunn.

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