Stubborn low frac sand prices trigger wave of bankruptcies

By William Clarke
Published: Friday, 16 August 2019

Frac sand miners are struggling in the face of massive oversupply, Fastmarkets IM heard.

A wave of mine closures, bankruptcies and leadership struggles has spread through the United States' frac sand market over the summer, while producers struggle with a glut of oversupply that is keeping prices low.

Frac sand prices nosedived in late 2018 after a huge volume of new supply came online. Prices...