Hi-Crush Inc. is trying to sell off one of its four Wisconsin frac sand mines after facing bankruptcy last year, according to the Milwaukee Journal-Sentinel.
Read MoreTag: bankruptcy
Hi-Crush Execs Received a Payday Before Bankruptcy
According to an article on Reuters, written by Liz Hampton, “How a Texas shale supplier’s founders made fortunes as the firm failed,” the board of directors at Hi-Crush granted nearly $3 million in bonuses to four top executives, including $1.35 million for CEO and founder Robert Rasmus. Five days later, the company declared bankruptcy.
Read MoreHi-Crush Files Chapter 11
Hi-Crush has filed for Chapter 11 bankruptcy protection. The company reported a net loss for the first quarter of 2020 of $146.9 million, including $145.7 million of non-cash asset impairments associated with the write-down of certain production and terminal facilities. This resulted in basic and diluted loss of $1.46 per share, compared to net loss of $21.4 million and basic…
Read MoreCovia Files Chapter 11; Plans Restructuring
Covia has filed for bankruptcy, seeking to cut more than $1 billion in debt as a result of the economic disruption sparked by the COVID-19 pandemic and low oil prices.
Read MoreDakota Plains Holdings Files Chapter 11
Dakota Plains Holdings Inc. and its wholly-owned subsidiaries, Dakota Plains Transloading LLC, Dakota Plains Sand LLC, Dakota Plains Marketing LLC, DPTS Marketing LLC, DPTS Sand LLC and Dakota Petroleum Transport Solutions LLC (together with the company, the debtors), filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for…
Read MoreDefining Reputation
Everyone Knows That Reputation Is Important, But Can You Define It? By Thomas J. Roach Reputation is the accumulation of stories and images of a person or an organization. Lance Armstrong and Alex Rodriguez benefited from news stories praising them for their accomplishments in sports. When they were accused of doping, they denied the charges and many people believed them.
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