Frac sand giant Covia files for bankruptcy protection amid Covid-19, oil price slump
Published: Tuesday, 07 July 2020
Frac sand giant Covia is the latest miner to file for Chapter 11 bankruptcy, citing the effects of Covid-19, as the oil price rout undermines frac sand demand.
The news that Covia, one of the newest and
largest frac sand miners, has been forced to petition for
bankruptcy protection marks a major turning point for a frac
sand market that has seen constant swings from boom to bust
over the past few years.
Covia filed for Chapter 11...