Hi-Crush files for bankruptcy

By William Clarke
Published: Wednesday, 15 July 2020

Frac sand miner Hi-Crush is the latest producer to declare bankruptcy, with the oil price slump forcing a rapid trimming of the US sand industry.

Hi-Crush filed for Chapter 11 bankruptcy proceedings on July 12. Chapter 11 bankruptcy proceedings allow a company to remain in existence if it follows a reorganization and repayment plan approved by a court.

The frac sand industry has been hit by...

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