Knight Energy Holdings LLC Files Chapter 11 Following Racketeering Scandal

Knight Energy Holdings LLC listed 11 Companies in the Chapter 11 petition

Knight Energy Holdings, LLC operates as a holding company. The company, through its subsidiaries, provides manufacturing packages, drilling jars, inspection, hardbanding, and safety training services to the oil and gas industry. Knight Energy serves customers worldwide, according to Bloomberg.

According to court documents, Knight Energy Holdings LLC has filed for Chapter 11 bankruptcy.

The Lafayette-based company filed the bankruptcy petition Tuesday stating the company’s debt ranges from $100 million to $500 million with its assets ranging from $50 million to $100 million.

Knight Energy Holdings reportedly listed 11 companies as subsidiaries and three affiliate companies in the petition:

According to numerous reports, the company has faced years of turmoil following an alleged racketeering scandal involving Knight administrators and local LA law enforcement.

Mark Knight and three others were indicted by a grand jury on July 29th, 2015, in an alleged plot to get Knight’s brother, Bryan Knight, out of the family business, Knight Oil Tools.

Also reportedly indicted with Knight was Jason Kinch, a former Lafayette Parish Sheriff’s Deputy; Corey Jackson, a former Louisiana State Trooper; and a former Knight Oil Tool employee Russell Manuel. The four were indicted on racketeering charges.

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