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This Week’s Market Buzz


•    Two people died following a construction accident at a frac sand storage and shipping facility in northwestern Alberta, Canada, according to the CDC. Occupational Health and Safety is investigating the workplace incident which took place at a Source Energy Services terminal facility south of Fox Creek.

•    A major frac sand mining company with operations in Wisconsin is facing bankruptcy, according to Wisconsin Public Radio. Emerge Energy Services LP, which owns Superior Silica Sands, entered into a debt restructuring agreement with its lenders in April. The deal would clear Emerge Energy’s debt obligations while making lenders the new majority shareholders of the company, according to a filing with the federal Securities and Exchange Commission.

•    Black Mountain Sand CEO Rhett Bennett has won the 2019 Entrepreneur of Excellence in Energy award, given by Fort Worth Magazine.