Frac Sand Company Hi-Crush Emerges from Bankruptcy

In July MDN told you that frac sand company Hi-Crush, which has customers in the Marcellus/Utica, had filed for bankruptcy (see Hi-Crush, Yet Another Frac Sand Co., Files for Ch. 11 Bankruptcy. In August we shared the news that four of Hi-Crush’s top executives got $3 million in bonuses just five days before the company declared bankruptcy (see Hi-Crush Execs Get Millions in Bonuses Days Before Ch. 11 Filing). The company has just emerged from Chapter 11 with a new board and new owners.