Hi-Crush Partners LP Announces Commencement of Operations at Pecos Terminal
October 04 2017 - 4:36PM
Hi-Crush Partners LP (NYSE:HCLP), or Hi-Crush, today announced the
company has commenced operations at its new Pecos, Texas terminal,
the first unit-train capable terminal with silo storage in the
Southern Delaware Basin. Hi-Crush is actively delivering produced
sand via rail to the Pecos terminal, which includes 20,000 tons of
vertical silo storage on-site, from two of its Union Pacific
connected Northern White facilities in Wisconsin. On October 3,
2017, Hi-Crush began loading customer trucks for delivery to
support local completions activity.
“We are excited to complete construction on
schedule and start operations at our third Permian Basin terminal,”
said Robert E. Rasmus, Chief Executive Officer of Hi-Crush. “The
completion of the Pecos facility augments our existing
capabilities, which include our Odessa and Big Spring terminals in
the Midland Basin, and extends our advantage in the region. The
addition of Pecos complements our leading network of owned and
operated logistics assets, which in addition to our recently
completed in-basin Kermit facility, provides our customers with
flexibility and diversity across sand product, and enhances surety
of supply by mitigating potential logistical bottlenecks in these
highly active areas.”
About Hi-Crush
Hi-Crush is a premier provider of proppant and
logistics solutions to the North American energy industry.
Our portfolio of purpose-built production facilities are capable of
producing 13.4 million tons per year of high-quality
monocrystalline sand, a specialized mineral used as a proppant
during the well completion process, necessary to facilitate the
recovery of hydrocarbons from oil and natural gas wells. Our
production facilities' direct access to major U.S. railroads
enhance our delivery capabilities into consuming basins, while our
strategically located owned and operated in-basin terminals as well
as our in-basin production facility position us within close
proximity to significant activity in all major oil and gas basins
for advantageous truck transportation. Our integrated
distribution system, enhanced by our innovative PropStreamTM
logistics solution, efficiently delivers proppant the "last mile"
into the blender, providing customers surety of supply from mine to
well site. For more information, visit www.hicrush.com.
Investor Contact:Investor
Relationsir@hicrushpartners.com(713) 980-6270
Marc Silverberg,
ICRmarc.silverberg@icrinc.com
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