Calfrac Says Court Stops Wilks Brothers’ Effort on Insolvency

Calfrac Well Services says a U.S. court has overruled Wilks Brothers’ objection to Chapter 15 relief.

• Calfrac says it prevailed in in its request for entry of a recognition order under Chapter 15
• Company says ruling stops latest Wilks Brothers’ effort to obstruct recapitalization
• Ruling will be followed in the coming weeks by the entry of a Chapter 15 recognition order, company says
• NOTE: Aug. 28, Calfrac Says Recapitalization Is Only Executable Transaction

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Erin McClam in New York at emcclam@bloomberg.net

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