Timec Services Company, Inc., a Pasadena, Texas-based industrial general contractor serving the energy industry, has filed for Chapter 11 bankruptcy. Court records show that seven affiliated companies also filed separate Chapter 11 petitions.
Note: Chapter 11 allows businesses to reorganize their debts while continuing operations under court supervision. A filing does not necessarily mean that a business is closing. For additional information, readers are encouraged to contact the business directly.
Timec Services Company, Inc. Files for Chapter 11
PACER records show that the company’s president, James Hebert, signed the petition before it was submitted to the U.S. Bankruptcy Court for the Southern District of Texas.
Attorney Thomas D. Berghman of Munsch Hardt Kopf and Harr, P.C. is representing the company in court.
The filing comes even as the industrial maintenance services market continues to expand due to demand for improved asset reliability, longer equipment life, and reduced operational downtime. According to Market Research Future, the market, which includes the oil and gas industry, was estimated at $61 billion in 2025 and is projected to grow at a 5.9% CAGR through 2035.
7 Affiliates File Separately
Case records on Pacermonitor show that other than Timec Services Company, Inc., seven affiliated entities have each filed for Chapter 11. These affiliates have also requested a joint administration of their cases:
- Timec Oil and Gas, LLC
- Timec Oil and Gas, Inc.
- HRI Incorporated
- Timec Specialty Services, Inc.
- Timec Upstream Holdings, LLC
- Timec Oilfields, LLC
- T.R.S.C., Inc.
Highlights from the Filing
The records show that the company submitted a list of creditors with the largest unsecured claims. These include Chevron USA Products, Texas Stress, JBR1 Industrial Services, Flex Feet Rental, United Rentals, SafetyVibe, and other vendors and service providers.
The corporate ownership statement shows that Timec Oil and Gas, Inc. located at 2510 East Sam Houston Pkwy South
Pasadena, Texas 77503 owns 100% of HRI Incorporated, Timec Services Company, Inc., Timec Specialty Services, Inc., Timec Upstream Holdings, LLC, and T.R.S.C., Inc.
Court records also include a unanimous consent, which approved the restructuring of all the eight affiliated TIMEC entities and authorized company executives to file the voluntary petitions. The resolution further approved the retention of Munsch Hardt Kopf & Harr, P.C. as legal counsel and Sonoran Capital Advisors, LLC as financial advisor for the restructuring.
A summary of the Chapter 11 petition is shared here:
- Filing Date: September 1, 2026
- Court and Jurisdiction: U.S. Bankruptcy Court for the Southern District of Texas
- Type of Filing: Active, Voluntary Petition
- Chapter: 11
- Case Number: 26-90765
- Estimated Assets: Between $1,000,001 and $10 million
- Estimated Liabilities: Between $1,000,001 and $10 million
- Estimated Creditors: Between 200 and 999
About the Company
TIMEC operates as a turnkey, full-service general contractor serving the energy industry. Founded in 1971, the company provides specialized piping, welding, and fabrication services. Its offerings also include maintenance, inspection, repair, turnaround, construction, and upstream oil-field services.
The company website shows that it operates from bases across California, the Rocky Mountains, the Gulf Coast, and the Mid-Continent. It adds that the company has worked on a range of major energy facilities and units, including FCCs, hydrogen plants, hydrocrackers, alkylation units, crude units, cokers, reformers, and sulfur units.
As the case progresses, Timec Services Company, Inc. and its seven affiliated entities are expected to continue operating while working toward restructuring finances.
