Judge Approves Nine Energy’s Pre-Packaged Chapter 11 Bankruptcy

Nine Energy Service, a Houston-based provider of onshore completion solutions with operations in a number of shale basins, including major operations in the Marcellus/Utica, received court approval for its prepackaged Chapter 11 bankruptcy plan on March 4. The company filed for protection in the Southern District of Texas on February 1, 2026, seeking to address a heavy debt load largely resulting from its 2018 acquisition of Magnum Oil Tools (see Nine Energy Services Files Pre-Packaged Chapter 11 Bankruptcy). Presided over by Judge Christopher M. Lopez, the restructuring plan aims to eliminate approximately $320 million in 13% senior secured notes due 2028 and reduce the company’s annual cash interest expenses by roughly $40 million.

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