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Frac sand firm Vista Proppants and Logistics filed for Chapter 11 bankruptcy protection on Tuesday stating it has around $500 million of liabilities, according to court documents.The Fort Worth ...
In October 2014, the company acquired CRS Proppants LLC, a frac sand supplier, for $225 million. [6] In February 2017, the company acquired a cement plant in Fairborn, Ohio from Cemex for $400 million. [7] In May 2024, the company began expanding its cement plant in Laramie, Wyoming. [8]
Hi-Crush Inc (NYSE: HCR), which supplies frac sand and other proppant and logistics services for hydraulic fracking operations, has filed for Chapter 11 bankruptcy protection.Houston-based Hi ...
In 2017, Brigham founded and continues to serve as the Executive Chairman of Atlas Energy Solutions (NYSE: AESI), a frac sand miner. Atlas went public in 2023 with a market capitalization of $1.8 billion, [8] continues to trade on the NYSE today, and is the largest proppant producer in the United States.
They went on to found an early hydraulic fracking company, Frac Tech, in 2002, and eventually became billionaires. In 2011, they sold their 70% interest in Frac Tech for $3.5 billion. They reside in Cisco, Texas.
Injected volumes of 132,000 or more gallons, and 200,000 or more pounds of sand proppant, succeeded in recovering much greater volumes of gas than had been previously possible. [18] In 1974, Amoco performed the first million-pound frac job, injecting more than a million pounds of proppant into the J Sand of a well in Wattenberg Field. [19]