Emerge Energy Services, which owns eight frac sand mining and processing facilities in Wisconsin under subsidiary Superior Silica Sands, has filed for Chapter 11 bankruptcy protections in federal court, according to Wisconsin Public Radio.
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New Details on Emerge Energy Services Expansion
Emerge Energy Services LP announced additional details regarding its previously announced development of a new mining and processing operation located in Kingfisher County, Okla.
Read MoreEmerge Discontinues Fuel Business; Reports Fourth Quarter Results
Emerge Energy Services LP announced fourth quarter 2016 financial and operating results. The company reported net loss of $20.8 million, or $0.77 per diluted unit, for the three months ended Dec. 31, 2016.
Read MoreEmerge Energy Reports Results
Emerge Energy Services announced fourth quarter and full-year 2015 financial and operating results. The company reported a net loss of $9.9 million for the three months ended Dec. 31, 2015. This includes full-quarter sales of 581,000 tons of sand. For the year ended Dec. 31, 2015, Emerge Energy reported net loss of $9.4 million.
Read MoreSuperior Silica Acquires Reserves
Superior Silica Sands LLC (SSS), a subsidiary of Emerge Energy Services LP, announced that it has completed the acquisition of approximately 94 million tons of high-quality northern white silica sand reserves in Jackson County, Wis., from a subsidiary of Performance Technologies LLC (PTL), which is wholly owned by Seventy Seven Energy Inc.
Read MoreThis Week’s Market Buzz
According to the LaCrosse Tribune, the Minnesota appeals court panel heard arguments from a sand mine owner protesting a Department of Natural Resources ruling that the mine cannot operate without a special permit because of its proximity to a trout stream. Asking that the state’s ruling be reversed, an attorney for mine owners Tracie and Michelle Erickson of Rushford, Minn.,…
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A Texas based frac sand mining company is backing out of plans to develop a 1,600 acre mine and processing plant in Trempealeau County, Wis. Over the last year, Superior Silica Sands has been in the process of developing a plant between the cities of Independence and Arcadia. As part of the project, Independence annexed the property, but controversy about…
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