Basic Energy Services, Inc. (2021)

Company

  • Pre-filing annual sales: $446 (millions of current dollars)
  • Pre-filing assets: $379 (millions of current dollars)
  • Pre-filing number of employees: 2,800
  • Sub-industry: 13 Oil And Gas Extraction
  • Place of incorporation: DE
  • Court for city of headquarters: TX Fort Worth
  • In business at filing? yes

Bankruptcy case

  • Chapter at filing: Chapter 11
  • Who filed case? debtors
  • Debtor's lead attorney: Weil Gotshal
  • Date of filing: August 17, 2021
  • Judge at filing: David R. Jones
  • Court district of filing: TX SD
  • Court city of filing: Houston
  • Case number: 21-90002
  • Cause of bankruptcy: Not tort
  • Forum shop? Forum Shop

  • Case transferred? no
  • Destination court of transfer: not applicable
  • Creditors committee appointed? yes
  • ยง363 sale: 363 sale
  • Dip loan final approval? yes
  • Plan type: free fall

  • Disposition status: confirmed
  • Date of disposition: August 9, 2022
  • Judge at disposition: David R. Jones
  • Days from filing to disposition: 357

After the case

  • Did firm emerge? company did not emerge
  • Did firm refile? not emerged 5 years


The BRD has been supported by grants from these organizations:

National Conference of Bankruptcy Judges

Turnaround Management Association

American Bankruptcy Institute

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