Chieftain Sand and Proppant

• 1/9/17 Recap: "You had ONE job!" Here, mining processing and selling frac sand. Only problem is: demand for sand collapsed along with the rest of the oil and gas industry. And, to boot, fracking companies are apparently racist and prefer white sand over the brown type that Chieftain produces. And so the company filed for chapter 11 to sell the company to its term lender and DIP provider, Energy Capital Partners. 
• Jurisdiction: D. of Delaware
• Capital Structure: $60mm TL debt 
• Company Professionals:
  • Legal: Gibbons PC (Howard A. Cohen, Natasha Songonuga)
  • Financial Advisor: EisnerAmper LLP (Wayne Weitz)
  • Investment Banker: Tudor Pickering & Holt Co. (Max Barrett)
  • Claims Agent: Donlin Recano (*click link above for docket)
• Other Parties in Interest:
  • Energy Capital Partners
    • Legal: Latham & Watkins (Mitchell Seider, Annemarie Reilly) & (local) Richards Layton & Finger PA (Mark Collins, John Knight, Brett Haywood)

Updated 1/17/17