Equipment and inventory formerly owned by Green Field Energy Services Inc. in Lafayette is being sold by a Boston firm after it received sale order approval from a Federal Bankruptcy Court.
Green Field Energy Services filed for Chapter 11 bankruptcy protection on Oct. 27.
Its assets, including well services and hydraulic fracturing equipment valued at more than $250 million, will be marketed by Gordon Brothers Group. The equipment, in Louisiana and Pennsylvania, was acquired by Gordon Brothers’ commercial and industrial division.
“Gordon Brothers Group provided an ideal solution for Green Field and our creditors as they took sole control of a very large and diverse portfolio of equipment involved in this transaction,” said Rick Fontova, president of Green Field Energy Services.