Axip Takes Strategic Action to Facilitate a Value-Maximizing Sale and Support Ongoing Operations
Axip Energy Services, LP and certain of its affiliates (collectively “Axip” or the “Company”), leading providers of natural gas compression services, today announced that they have filed voluntary petitions for Chapter 11 relief in the United States Bankruptcy Court for the Southern District of Texas (the “Court”) to facilitate a sale process for the Company’s assets and business operations. The Company intends to continue operating its business in the ordinary course throughout the Chapter 11 sale process.
