Tri-Point Oil & Gas looks to auction off Kountze, Midland facilities

By Caroline Salls

Pittsburgh, April 13 – Tri-Point Oil & Gas Production Systems, LLC is seeking court approval to auction off its Kountze, Tex., industrial facility and its Midland, Tex., industrial facility and supply store, according to a motion filed Friday with the U.S. Bankruptcy Court for the Southern District of Texas.

The auction for the Kountze property is scheduled to open May 4 and end on May 6, and the auction for the Midland property will be open on May 18 and end on May 20.

Newmark Real Estate, LLC of Houston is the broker, and Ten-X, Inc. will conduct the auctions.

The starting bid for the Kountze property will be $350,000, and the starting bid for the Midland property will be $400,000.

Houston-based Tri-Point, through its subsidiaries, provides surface production solutions and process equipment and services to customers in North America. The company filed bankruptcy on March 16 under Chapter 11 case number 20-31777.

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