EMPLOYMENT AGREEMENT (Keith Schilling)Employment Agreement • December 20th, 2019 • Basic Energy Services, Inc. • Oil & gas field services, nec • Texas
THIS EMPLOYMENT AGREEMENT (the “Agreement”), is made and entered into by and between BASIC ENERGY SERVICES, INC., a Delaware corporation (hereafter “Company”), and Keith Schilling (hereafter “Executive”), on the date or dates indicated on the signature page hereto, but effective for all purposes as of January 2, 2020, (the “Effective Date”). The Company and Executive may sometimes hereafter be referred to singularly as a “Party” or collectively as the “Parties.”
December 14, 2019Basic Energy Services, Inc. • December 20th, 2019 • Oil & gas field services, nec
It is my pleasure to extend to you an offer of employment to join the Basic Energy Services team as our new President & Chief Executive Officer. Your employer will be Basic Energy Services, L.P. (“Basic” or the “Company”). The proposed terms and conditions for your offer of employment with the Company are reflected in this letter. Please read this letter carefully, as it supersedes all prior discussions and memorializes our mutual intent to enter a written employment agreement containing mutually agreeable terms and conditions. Please note that the final version of the employment agreement will be subject to final approval by Basic’s Board of Directors (the “Board”).
