Chieftain Sand Assets Sold In Bankruptcy Auction

posted Apr 24, 2017, 5:27 AM by Ryan Quinn
The assets of Chieftain Sand and Proppant in Barron County have been sold in a bankruptcy auction to Mammoth Energy Services. 

With a bid of $32.25 million, the Oklahoma based company will take possession of the assets of Chieftain, which include 600 acres for frac sand mining and two processing plants located North of New Auburn in the Town of Dovre. 

Chieftain Sand filed for bankruptcy earlier this year because of lower oil prices and a decreased demand for frac sand.