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Basic Energy Corporation

Basic Energy Corporation (BSC) was originally incorporated as Basic Enterprises, Inc. on September 19, 1968 and became an oil and gas exploration and development company on April 26, 1971, assuming a new name, Basic Petroleum and Minerals, Inc. Over the years, BSC evolved from an operating company to a holding company under the corporate name, Basic Consolidated, Inc. In 2007, in line with the inclusion among its primary purposes the production of ethanol and other biofuels, and the development of other alternative and renewable energy sources, the Company changed its corporate name from Basic Petroleum Corporation to Basic Energy Corporation.

Latest News

Notice of Annual Stockholders’ Meeting

2015 Annual Stockholders’ Meeting Date: June 30, 2015 Time: 3:00 p.m. Venue: Manila Golf and Country Club  

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Trans-Asia, Basic Energy ink farm-in deal for geothermal service contract

A farm-in deal was firmed up between local firms Trans-Asia Oil and Energy Development Corporation and Basic Energy Corporation on the former’s equity acquisition in a geothermal service contract in Mabini, Batangas. It was provided under the farm-in agreement that Trans-Asia will acquire from Basic Energy “25-percent undivided participating interest in the rights, interests, privileges,…

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