by Brian Berglund | Jul 19, 2021
This oilfield services company designed and produced a nanotechnology ceramic proppant used in oil and gas “fracking” but the operations never achieved sufficient volume and economies of scale to reach a profitable cost structure prior to the macroeconomic downturn in...
by Brian Berglund | Sep 13, 2020
A supplier in the Permian basin (Texas) of chemical solvents and anti-corrosion products was in default with its senior secured lender. The default was a result of misreported operating results and negative EBITDA during the Covid-19 downturn in the oil and gas...
