Nitro Fluids, LLC is a Texas-based oilfield services provider that performs hydraulic fracturing, pressure-control, and well-completion services primarily in the Eagle Ford Shale and Permian Basin, operating alongside affiliates NFH Leasing, LLC, Straitline Pumps, LLC, and Nitro Downhole, LLC. The debtors filed for Chapter 11 protection on May 15, 2024 in the Southern District of Texas (Case No. 24-60018) before Judge Christopher M. Lopez after monthly revenue collapsed from approximately $1.2 million in 2023 to under $100,000 by March 2024, driven by customer consolidation following Permian Resources' acquisition of Earthstone Energy and a steep decline in Occidental-related work. An $8.9 million patent infringement verdict by Cameron International in March 2024, with potential treble damages up to $27 million, added urgency to the filing. At petition, the debtors reported approximately $38.23 million in secured debt and $14.40 million in unsecured debt at Nitro Fluids, plus $15.60 million secured and $60.78 million unsecured at Straitline, anchored by a $36.95 million accelerated Main Street Lending Program facility. A $12 million DIP facility from Simmons Bank ($6 million new money plus $6 million MSLP roll-up) funded a marketing process that yielded asset sales to KLX Energy Services (~$3.25 million, November 2024) and Flying A Pumping Services (April 2025). The case pivoted to liquidation, and a plan establishing a Liquidating Trust under Texas law was confirmed on September 17, 2025 and became effective October 2, 2025. Estimated recoveries are approximately 3.5% for the Simmons secured claim, 1.28% for Blue Sky, and 0% to less than 0.2% for unsecured classes, with equity receiving nothing.