Frac sand giant Covia files for bankruptcy protection amid Covid-19, oil price slump

By William Clarke
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...

This is a preview of the full article

Our market news and price data is reserved for registered users only.

Current customer? Login now

All of our industrial minerals price data and news is now available only through our new platform. Learn more about the intelligence we offer by visiting our Fastmarkets flagship website. If you are familiar with our reliable and trusted intelligence, fill out a request a quote form today to hear from our friendly sales staff who will create a custom license for you.


Interested in lithium prices? We now offer lithium prices and coverage free for reference. Click here to read all about it.

Interested in the wider electrification market?
Join our growing community of participants who want to learn more about electrification and how this market is developing.