Vista Proppants and Logistics bankrupt, seeks OK to reject contracts

By Caroline Salls

Pittsburgh, June 10 – Vista Proppants and Logistics, LLC filed Chapter 11 bankruptcy Tuesday in the U.S. Bankruptcy Court for the Northern District of Texas.

Vista filed several motions seeking to reject executory contracts.

According to those motions, the company’s business operations have historically involved producing and transporting mine-to-wellhead fine-grade frac sand for oil and gas well completion in Texas and Oklahoma.

The contracts covered by the rejection motions were entered into with various vendors and service providers and are no longer necessary for Vista’s ongoing business operations, the motions said.

No other details of the case had been filed as of late Wednesday morning.

According to court documents, Vista has up to $50,000 in assets and $100 million to $500 million in debt.

No unsecured creditors were listed with claims of $1 million or more.

Haynes and Boone, LLP is representing the company in its Chapter 11 cases.

Vista Proppants and Logistics is a Fort Worth-based pure-play, in-basin provider of frac sand solutions in prolific producing regions in Texas and Oklahoma. The Chapter 11 case number is 20-42002.

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