Basic Energy Services, Inc. and C&J Well Services, Inc. filed a motion in the US Bankruptcy Court for the sale of certain assets on December 17, 2021. The debtor seeks the Court's approval for the sale of certain assets to Bill Elliot for a purchase price of $5.3 million in cash pursuant to the asset purchase agreement, dated April 9, 2021. Buyer should submit good-faith deposit in the amount of $0.20 million.

The debtor's assets include certain real property. The sale closing shall occur on the date that is 20 days following purchaser's receipt of the title commitment. The seller is represented by Brett Epstein of Jackson Walker LLP as its legal advisor.