Nine Energy Services

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 a prepackaged Chapter 11 bankruptcy plan earlier this month (see Judge Approves Nine Energy’s Pre-Packaged Chapter 11 Bankruptcy). The company announced yesterday that its stock will begin trading on the NYSE American Exchange on March 31. Read More “Nine Energy Stock to Trade on NYSE American Following 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. Read More “Judge Approves Nine Energy’s Pre-Packaged Chapter 11 Bankruptcy”

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. Read More “Nine Energy Services Files Pre-Packaged Chapter 11 Bankruptcy”

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 the Marcellus/Utica. Last week, the New York Stock Exchange (NYSE) informed Nine the company’s stock is in danger of being delisted from the exchange because the company’s average market capitalization over 30 consecutive trading days, as well as stockholders’ equity, has fallen below $50 million. This isn’t the first time Nine has been threatened with delisting (see NYSE Threatens Nine Energy Services with Stock Delisting). Read More “NYSE Threatens Nine Energy Services with Stock Delisting, Again”

Nine Energy Service, an oilfield services company that competes with companies like Halliburton and Baker Hughes, operates in a number of shale basins, including the Marcellus/Utica. Last week the New York Stock Exchange (NYSE) informed Nine the company’s stock is in danger of being delisted from the exchange because the company’s average market capitalization over 30 consecutive trading days, as well as stockholders’ equity, has fallen below $50 million.
Read More “NYSE Threatens Nine Energy Services with Stock Delisting”

Nine Energy Service, an oilfield services company that competes with companies like Halliburton and Baker Hughes, operates in a number of shale basins, including 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 new company was named Nine Energy Service and is headquartered in Houston, TX. Why the unusual name of “Nine”? It’s aspirational. On a scale of 1-10 with 10 being perfect, they aspire to be a 9, which is about as good as you can get. Hence the name, which is kind of cool. Nine announced yesterday it plans to go public with an initial public offering of 7 million shares. The company hopes to raise ~$160 million with the IPO…
Read More “Nine Energy Service Launches $160M IPO”