July 10, 2020 – It’s not a good time to be a frac sand producer. With oil prices still hovering around $40 per barrel, and no COVID-19 end in sight, frac sand producers are falling like dominoes. Recent developments include bankruptcies from major producers Covia, Hi-Crush and Vista Proppants and Logistics. While these companies are not going away – they are restructuring debt and trying to find…
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Bankruptcies Hit San Antonio Market
Four San Antonio, Texas-area energy companies have filed for reorganization or liquidation in the San Antonio division of the U.S. Bankruptcy Court for the Western District of Texas.
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