Kevin M. Epstein, the United States Trustee filed a motion in the US Bankruptcy Court seeking the dismissal or conversion of Basic Energy Services, Inc.'s bankruptcy case from Chapter 11 reorganization to Chapter 7 liquidation on January 6, 2022. The debtors have failed to timely file their monthly operating reports, have failed to develop a consensual budget, and have no clear path to confirm a plan. Meanwhile, because debtors are no longer operating and have sold substantially all of their assets, the debtors' estates have finite assets that are diminishing in value every day to the detriment of debtors' creditors.

For the aforesaid reason the United States Trustee requests to dismiss or convert the case.