Basic Energy Corporation is a holding company. The Company operates through three segments: investment holding, agriculture and energy oil and gas exploration. The Company holds interests in various fields of renewable energy and alternative fuels. The Company is engaged in oil and gas exploration and development. The Company is involved in the exploration, development and production of geothermal energy and hydropower energy. The Company's subsidiaries include Basic Diversified Industrial Holdings, Inc., which is an investment holding company; iBasic, Inc., which is an information technology management company and service integrator; Basic Biofuels Corporation, which is into the development of biofuels; Basic Ecomarket Farms, Inc., which is into agriculture, focusing on cassava development; Basic Geothermal Energy Corporation, which is into geothermal energy development, and Southwest Resources, Inc., which is an oil exploration company.