Forbes Energy Services Ltd. filed a motion in the US Bankruptcy Court seeking approval for the sale of certain assets on January 26, 2017. As per the motion, debtor seeks to sell 105 excess, aged trucks to Dealer Title Transfer, Inc. for $0.67 million, as per the agreement dated November 17, 2016. Tranche 1 of the agreement closed on November 21, 2016. Tranche 2 is still pending. Debtor also entered into the agreement with Dealer Title Transfer, Inc. to sell 142 excess, aged trucks for $1.28 million, as per the agreement dated January 12, 2017.