⛽️New Chapter 11 Bankruptcy Filing - Basic Energy Services Inc. ($BASX)⛽️

Aug 19, 2021

∙ Paid

Whoa. Nobody saw this one coming? LOL ⬇️.

Financial distress, much like many other unpleasantries, often flows downstream. On its way, it often wreaks havoc on all things midstream. Take Basic Energy Services Inc. ($BASX) for example; it is in the business of providing well-site services — via a fleet of 514 well servicing rigs, ~1,200 water logistics trucks, and an array of other specialized e…

4 years ago · 8 likes · PETITION LLC

Texas-based Basic Energy Services Inc. ($BASX) and twelve affiliates (the “debtors”) filed for chapter 11 bankruptcy in the Southern District of Texas (Judge Jones) on Tuesday, August 17, 2021 — the second filing for the company in five years. The debtors list $549mm in debts against $331mm in assets. Of that de…

PETITION

⛽️New Chapter 11 Bankruptcy Filing - Basic Energy Services Inc. ($BASX)⛽️

This post is for paid subscribers