With oilfield bankruptcy and restructuring news heating up into 2H20, the industry has fallen into low-cycle restructuring mode much more expediently than in prior cycles. We take a look at some interesting correleations and discuss what it might mean going forward in this chart of the day update… There’s a …
Read More »Bankruptcy Claims A 14th Major Casualty In Frac Sand… The Biggest Name So Far
Several weeks ago and again on Tuesday, we highlighted a group of oilfield firms that had yet to report 1Q20 earnings. We warned towards the end of the post that some might announce restructuring along with earnings. On Thursday, several of them did just that. One of them is the …
Read More »The Latest E&P Bankruptcy Exposes A Big Pumping Payable
This week’s bankruptcy filing shows pressure pumper left holding the bag on a multi-million dollar trade payable equal to 6% of their 1Q20 revenue in the latest E&P restructuring case… There’s a lot more to this story… Login to see the full update… To read this update and receive our …
Read More »Loaded And Abandoned. Stranded Sand Could Be The Next Big Twist In The Frac Supply Chain Story…
The fine print in the latest frac sand bankruptcy filing is a cautionary tale of hidden frac sand inventory that could weigh on the market when bid activity picks up… There’s a lot more to this story… Login to see the full update… To read this update and receive our …
Read More »Chapter 11 For A Large Private Frac Sand Producer
A large frac sand producer has declared bankruptcy… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If you are new to Infill Thinking, or your membership has expired, please email us …
Read More »A Fiery Response To Frac Sand Insolvency Lawsuit [Read The Letter]
Yesterday we summarized the plaintiff’s arguments, which have market implications in the last mile. Today we cover the defendant’s response…. There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If you are …
Read More »NEW INFO ADDED: More M&A At The Distressed Fringes Of The Frac Sand Market… Meaningful Consolidation Still On The Horizon
Earlier this month, the sale of the Preferred Sands Arizona mine to a new entrant came to light. In our update on the deal, we noted the transaction was not an example of the consolidation many are waiting for in the proppant supply space. This week, another similar transaction has …
Read More »Starting To Sound Like A Broken Record… But There’s ANOTHER Bankruptcy In Frac Sand
The “Summer Of Restructuring” continues in frac sand. This week, we identified a third Chapter 11 filing in the space… There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, you must be a member. If you are …
Read More »2nd Frac Sand Bankruptcy In Less Than A Week As Restructuring Trend Gains Steam…
Shale Support filed Chapter 11 last Thursday. In our coverage at the time, we noted they would not be alone in the bankruptcy camp for very long. We admittedly didn’t know they’d have company quite this fast though… Yesterday in bankruptcy court… There’s a lot more to this story… Login …
Read More »Bankruptcy In Frac Sand
Restructuring continues in the frac sand industry, claiming another sand producer this week. Per the bankruptcy filing, the company owes total debts of… Details in the full report. There’s a lot more to this story… Login to see the full update… To read this update and receive our research newsletters, …
Read More »