Summary of Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2019
Accounting Policies [Abstract]  
Summary of Estimated Useful Lives of the Assets All property and equipment are depreciated or amortized (to the extent of estimated salvage values) on the straight-line method and the estimated useful lives of the assets are as follows:
Asset Type:Useful Life
Buildings and improvements
20-30 years
Well service units and equipment
3-15 years
Fluid services equipment
5-10 years
Brine and fresh water stations15 years
Fracturing/test tanks10 years
Disposal facilities
10-15 years
Vehicles
3-7 years
Rental equipment
2-15 years
Software and computers3 years
Amortizable Intangible Assets
Basic’s intangible assets subject to amortization were as follows (in thousands):
December 31,
 20192018
Trade names$3,230  $3,410  
Other intangible assets48  48  
     Sub-total3,278  3,458  
Less accumulated amortization675  474  
Intangible assets subject to amortization, net$2,603  $2,984  
Schedule of Amortization Expense
Amortization expense for the next five succeeding years is expected to be as follows (in thousands):
 Amortization
 Expense
2020$225  
2021225  
2022215  
2023215  
2024215  
Thereafter1,508  
  Total$2,603