Wilks Brothers Scooping Up Bankrupt Carbo Ceramics

摘要

Houston-based Carbo Ceramics Inc., now restructuring under Chapter 11, has agreed to sell out to privately held Wilks Brothers LLC, a pioneer Lower 48 hydraulic fracturing operator. Carbo, a high-end ceramic and sand proppants operator that provides material for onshore completions, reached a debt- for-equity exchange with Wilks and Equify Financial LLC as part of the Chapter 11 process fled late last month in U.S. Bankruptcy Court for the Southern District of Texas, Houston Division.