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
• §363 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