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July 18, 2019 Emerge Energy Services LP (OTC:EMESZ) together with its subsidiaries and certain affiliates (the "Company") today announced that the Company has voluntarily filed for relief under Chapter 11 of the Bankruptcy Code in the U.S. Bankruptcy Court for the District of Delaware on July 15, 2019. The case is being jointly administered under Emerge Energy Services LP et al Case Number: 19-11563.
NYSE Regulation reached its decision to delist the common units pursuant to Section 802.01B of the NYSE`s Listed Company Manual because the Partnership has not satisfied the NYSE`s continued listing standard requiring listed companies to maintain an average global market capitalization over a consecutive 30 trading day period of at least $15,000,000. The NYSE will apply to the Securities and Exchange Commission to delist the common units upon completion of all applicable procedures, The Partnership does not intend to appeal the determination and, therefore, it is expected that the common units will be delisted.
May 23, 2019 - Emerge Energy Services LP (EMES) (the "Partnership") today announced that it received an expected notification from the New York Stock Exchange ("NYSE") on May 17, 2019 that the Partnership is no longer in compliance with NYSE continued listing criteria that require listed companies to maintain an average closing share price of at least $1.00 over a consecutive 30 trading-day period. In accordance with NYSE rules, the Partnership has a period of six months from receipt of the notice to regain compliance with the NYSE`s minimum share price requirement, with the possibility of extension at the discretion of the NYSE.
NEW YORK, NY / ACCESSWIRE / April 30, 2019 / Traders News Source, a leading independent equity researchand corporate access firm focused on small and mid-cap public companies is issuing a comprehensive report on Emerge Energy Services LP (EMES) who, through its subsidiary, Superior Silica Sands LLC, operates an energy services company. It engages in mining, producing, and distributing silica sand, which is a primary input for the hydraulic fracturing of oil and natural gas wells. As set forth in the agreement, the parties have agreed to the principal terms of a proposed financial restructuring of Emerge Energy, which will be implemented through an out-of-court restructuring.
April 22, 2019 - Emerge Energy Services LP (EMES) (the "Partnership") today announced that it has entered into a restructuring support agreement (the "RSA") with its operating subsidiary Superior Silica Sands LLC ("SSS") and the Partnership`s other subsidiaries (together with the Partnership and SSS, "Emerge Energy"), its general partner ("Emerge GP"), certain direct and indirect equity holders of Emerge GP, the lenders under Emerge Energy`s revolving credit facility, and the noteholders under Emerge Energy`s second lien note purchase agreement (the noteholders, together with the lenders under the revolving credit facility, the "Consenting Creditors"). As set forth in the RSA, the parties thereto have agreed to the principal terms of a proposed financial restructuring of Emerge Energy (the "Transaction"), which will be implemented through an out-of-court restructuring or, in the event that the special restructuring committee of the board of directors of Emerge GP (the "Committee") determines in good faith that the out-of-court restructuring is no longer reasonably possible or in the best interests of Emerge Energy and its stakeholders, an in-court reorganization implemented in one or more cases filed under Title 11 of the United States Code.
In accordance with NYSE rules, Emerge Energy has contacted the NYSE to discuss the status of the late filing and is issuing this required press release. The NYSE informed Emerge Energy that, under NYSE rules, Emerge Energy will have six months from the Form 10-K due date of March 18, 2019 to file the 2018 Form 10-K with the SEC. Emerge Energy can regain compliance with the NYSE listing standards at any time prior to that date by filing its 2018 Form 10-K. If Emerge Energy fails to file the 2018 Form 10-K before the NYSE may grant, at its sole discretion, an extension of up to six additional months for Emerge Energy to regain compliance, depending on the specific circumstances.
Fort Worth, Texas - March 14, 2019 - Emerge Energy Services LP ("Emerge Energy") today announced that it has completed the 2018 tax packages for its unitholders, including Schedule K-1s. These ...
NEW YORK, Jan. 18, 2019 -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors,.
January 7, 2019 - Emerge Energy Services LP today announced that its subsidiary Superior Silica Sands LLC ("Superior") has signed a new agreement with Chesapeake Energy Corporation ("Chesapeake") covering frac sand supplied from Superior`s San Antonio mine in South Texas. Chesapeake will procure frac sand from Superior`s leading in-basin mine to support its growing completions program in South Texas. "Chesapeake is committed long-term to growing its position in the Eagle Ford basin, and as a leading producer of frac sand in South Texas, we are the perfect fit to supply Chesapeake with a large portion of its frac sand needs.
Fort Worth, Texas - November 6, 2018 - Emerge Energy Services LP ("Emerge Energy") today announced third quarter 2018 financial and operating results. Highlights · Total volumes sold ...
Investors need to pay close attention to Emerge Energy Services (EMES) stock based on the movements in the options market lately.
Fort Worth, Texas - October 12, 2018 - Emerge Energy Services LP ("Emerge Energy") today announced that it will release its third quarter 2018 results before the financial markets open on Tuesday, ...
September 4, 2018 - Emerge Energy Services LP today announced that its subsidiary Superior Silica Sands LLC has received its New Source Review ("NSR") permit for the San Antonio in-basin frac sand operation. The NSR permit increases the amount of allowed air emissions for processing frac sand, providing a clear path for the San Antonio plant to reach its targeted annual capacity of 4 million tons per year, which we expect to occur by the beginning of the fourth quarter. Additionally, the new San Antonio dry plant began producing and shipping sand from the second processing line last week.
Hi-Crush Partners (HCLP), which was the top MLP gainer in the week ending July 27 with massive week-over-week gains of 40.6%, saw some profit-booking last week following its second-quarter earnings announcement and management’s plans to change its corporate structure. To learn more, read Hi-Crush Partners’ Sand Volumes Rose 16% in Q2 2018.
Fort Worth, Texas - August 1, 2018 - Emerge Energy Services LP ("Emerge Energy") today announced second quarter 2018 financial and operating results. Highlights · Total volumes sold increased ...