Hard Times for Frac Sand Mines
Tuesday, May 21st, 2019 -- 7:44 AM
(WRN) -A nationwide oversupply of the sand used in oil fracking processes is hitting Wisconsin mines hard.The company which owns Superior Silica Sands has entered into a debt restructuring deal with its lenders. Emerge Energy Services could file for bankruptcy if a settlement isn't reached.
One consultant predicts up to three-fourths of Wisconsin sand mines might have to cease operations. Oil and gas companies have been building more mines near their oil fields in Oklahoma and Texas.
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