Private Equity-Backed Tri-Point Files for Chapter 11 Bankruptcy

Tri-Point Oil & Gas Production Systems files for bankruptcy in Houston, listing liabilities of as much as $100 million and assets of as much as $50 million in its bankruptcy petition.

• Houston-based Tri-Point is owned by First Reserve, a global energy-focused private equity firm, per website
• Co. sells oil and gas processing equipment and services
• The case is Tri-Point Oil & Gas Production Systems LLC, 20-31777, U.S. Bankruptcy Court for the Southern District of Texas (Houston)

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