Fracking contractor Basic Energy Services Inc. filed for bankruptcy Tuesday for the second time in five years, planning to sell itself in parts and setting up a $47.5 million conflict with its controlling shareholder, Ascribe Capital, WSJ Pro Bankruptcy reported. The Fort Worth-based company, which services oil and gas wells across nine states, said in court papers that three buyers have offered a combined $72 million for three business lines, a sum that would cover a fraction of Basic Energy’s $387.5 million in secured debt.
