Hi-Crush files for bankruptcy
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...