Axip Energy Services, LP, a Houston-based company, filed for Chapter 11 bankruptcy protection on February 22, 2026, in the U.S. District and Bankruptcy Court, Southern District of Texas. The company aims to seek protection to restructure its business while continuing to operate in the ordinary course throughout the bankruptcy proceedings.
Axip Energy Files Chapter 11 Bankruptcy
Axip Energy Services, along with its six affiliates, including, Axip Energy Services Management, LLC, Axip Holdings, LLP, Axip Leasing Company, LLC, Axip Producer Services, LLC, Axip Producer Services – Marcellus I, LLC, and E3 Compression Holdings, LLC has filed for voluntary petitions seeking relief under Chapter 11 of the United States Bankruptcy Court for the Southern District of Texas.
Axip Energy is looking forward to facilitating a sale of its assets and business operations to Service Compression, LLC, a Fort Worth-based provider of natural gas compression services.
According to the Chapter 11 bankruptcy filing with the court, the company has signed a Stalking Horse Asset Purchase Agreement (APA) with Service Compression, under which the former will sell all of its assets…