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Nine Energy Services Files Pre-Packaged Chapter 11 Bankruptcy

Marcellus Drilling News · last updated
Nine Energy’s stock performance last 5 years (click for larger version)

Nine Energy Service, an oilfield services (OFS) company that competes with companies like Halliburton and Baker Hughes, operates in a number of shale basins, including major operations in the Marcellus/Utica. Nine was formed in 2014 by the combination of four existing oilfield services companies–Northern States Completions, Tripoint LLC, CDK Perforating, and Integrated Production Services Canada. All four were portfolio companies of SCF Partners, a private equity firm investing in the oil and gas industry. The company has just filed a voluntary pre-packaged Chapter 11 bankruptcy case in the U.S. Bankruptcy Court for the Southern District of Texas.

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