Warrior Technologies, LLC (dba Lobo Trucking), a Midland, Texas environmental and industrial services contractor serving oil and gas clients including Chevron and ExxonMobil, is roughly eight weeks into a chapter 11 case in the Southern District of Texas before Judge Alfredo R. Perez, operating under finalized DIP and cash-collateral authority while it manages delayed schedule filings and defends its first stay-relief motion. The Debtor filed on May 21, 2026 carrying approximately $43.2 million of funded debt against a fleet- and labor-intensive operating base of more than 250 employees. Voluntary Chapter 11 PetitionDkt. 1 The filing was precipitated by converging pressures — rising fuel and insurance costs, a seasonal revenue slowdown tied to extended customer holiday breaks, slow receivables collections that contracted its revolver borrowing base, and a January 2026 ice storm that halted operations for over a week. Wommack First Day DeclarationDkt. 9
The prepetition capital stack is secured-debt-heavy: roughly $23.0 million of first-lien secured equipment financing agreements spread across more than 25 lenders (including Commercial Credit Group, Inc.) and secured by the financed equipment, plus approximately $14.2 million outstanding under a first-lien Loan and Security Agreement with Commercial Funding, Inc. secured by substantially all other assets, layered over $6.0 million of unsecured related-party loans. Wommack First Day DeclarationDkt. 9 To bridge liquidity, the Debtor obtained court authority for a combined $23.7 million DIP package from CFI and CCG — an $18 million CFI revolver rolling up the prepetition CFI balance alongside new money, plus a $5.7 million CCG term loan bearing 14% interest and priming liens — with superpriority administrative status and adequate-protection liens for the prepetition lenders. Interim DIP and Cash Collateral OrderDkt. 33 That authority was finalized on a final order entered June 23, 2026 after a limited objection by the Texas taxing authorities concerning their senior ad valorem tax liens was resolved.
The case is in a stabilization rather than plan-development phase. The Debtor's first Monthly Operating Report, for the period ending May 31, 2026, showed a $1.27 million net loss on $3.39 million of gross income, an ending cash balance of only $136,622, $1.97 million of initial DIP borrowings, and headcount falling from 256 to 244 employees. May 2026 Monthly Operating ReportDkt. 142 Schedules and statements have lagged: although the Debtor filed its Statement of Financial Affairs on June 26, the court has now granted three successive extensions of the schedules filing deadline, most recently on July 13. Statement of Financial AffairsDkt. 135 Third Schedules Extension OrderDkt. 148 The first contested matter is also now queued — Auxilior Capital Partners, Inc. moved on July 13 for stay relief and adequate protection over two 2023 Kenworth T880 sleeper tractors carrying roughly $141,879 of accelerated indebtedness, with the hearing set for August 6, 2026. Auxilior Stay Relief MotionDkt. 147
