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...

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