Axip Energy Services, LP and six affiliated debtors filed a Combined Disclosure Statement and Chapter 11 Plan of Liquidation on May 6, 2026, in the United States Bankruptcy Court for the Southern District of Texas, Houston Division (Case No. 26-90338 (CML)), outlining a framework for winding down the estates following the completed sale of substantially all of the company’s compression assets to Service Compression, LLC. The 363 Asset Sale did not generate sufficient proceeds to pay the Prepetition ABL Claims in full. The plan, filed as Docket No. 338, incorporates a Global Settlement among the debtors, the Official Committee of Unsecured Creditors, the DIP Agent, the Prepetition Superpriority Agent, and the Prepetition ABL…
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