13D Filing: Silver Point Capital and Basic Energy Services Inc (BAS)

Explanatory Note

This Amendment No. 3 (the Amendment) amends the statement on Schedule 13D originally filed by the Reporting Persons on
January 3, 2017, as amended by Amendment No. 1 filed by the Reporting Persons on January 25, 2017, and as further amended by Amendment No. 2 filed by the Reporting Persons on March 15, 2017 (as amended, the Schedule
13D). Capitalized terms used but not otherwise defined in this Amendment shall have the meanings ascribed to such terms in the Schedule 13D. Except as otherwise provided herein, each Item of the Schedule 13D remains unchanged.

Item 4 of the Schedule 13D is hereby supplemented by adding the following:

The Reporting Persons intend to, and expect to from time to time, engage in communications with management, the Issuers board of directors, other
stockholders of the Issuer and other relevant parties concerning, without limitation: (i) the financial condition, operations, prospects, strategy, capital structure and management of the Issuer; (ii) the value and price of the
Issuers securities; (iii) relevant business developments, competitive and strategic matters, and market conditions; (iv) industry consolidation, and other prevailing industry and market trends; (v) corporate governance;
(vi) possible acquisitions and dispositions; (vii) liquidity requirements; and (viii) other investment considerations that the Reporting Persons may deem from time to time to be relevant.