April 06, 2026
Natural gas compressor company Axip Energy Services LP received a Texas bankruptcy judge's blessing Monday on a $161 million sale of most of its assets to stalking horse bidder Service Compression LLC.
March 18, 2026
Natural gas compressor group Axip received final approval of its $105 million Chapter 11 financing package after resolving an objection from the official committee of unsecured creditors.
March 05, 2026
Natural gas compressor group Axip can hold an April auction for its assets, backed by a competitor's $161 million stalking horse bid after a Texas bankruptcy judge approved its Chapter 11 sale procedures Thursday.
February 26, 2026
Natural gas compression company Axip Energy Services is being advised by a team of Vinson & Elkins LLP attorneys in the company's Chapter 11 case in Texas aimed at closing on a sale of its assets.
February 24, 2026
Natural gas compression company Axip secured a Texas bankruptcy judge's permission Tuesday to borrow about $32.4 million of a roughly $105 million Chapter 11 financing package to support its effort to sell assets.
February 24, 2026
A company that provides natural gas compression equipment filed for Chapter 11 with more than $240 million in debt, a clay miner entered bankruptcy protection in response to an uptick in lawsuits, and a flavored air device maker asked U.S. courts to recognize its Canadian insolvency.
February 23, 2026
Natural gas compression equipment provider Axip Energy Services has filed for Chapter 11 protection in a Texas bankruptcy court, saying it has secured an offer to sell its assets to deal with its $240.5 million in funded debt.