Hi-Crush Partners LP Announces Resumption of Operations at Whitehall Facility, Idling of Augusta Facility
January 24 2019 - 3:10PM
Hi-Crush Partners LP (NYSE: HCLP), “Hi-Crush” or the “Partnership”,
today announced that it resumed operations at its Northern White
frac sand production facility in Whitehall, Wisconsin.
Concurrently, the Partnership announced that it has idled
operations at its Northern White frac sand production facility in
Augusta, Wisconsin. The dedicated and experienced workforce at the
Augusta facility is in the process of transitioning to the
operation of the Whitehall facility.
“Our decision to resume operations at Whitehall
and temporarily idle dry plant operations at our Augusta facility
is a direct result of the evolving needs of our expanded E&P
customer base,” said Robert E. Rasmus, Chairman and Chief Executive
Officer of Hi-Crush. “Since temporarily idling Whitehall dry plant
operations last fall, our success in contracting with E&Ps has
increased customer demand in basins better served by that facility.
This increase in demand, predominantly in the Northeast, is more
directly and efficiently served from our Blair and Whitehall
facilities located on the Canadian National Railway. Our decision
to resume operations at Whitehall will allow us to maintain
optimal, cost-efficient service to our Northern White sand
customers. Our ability to quickly adapt to these changes is driven
by our flexible portfolio of production facilities and agile
workforce.”
“We believe that we operate the lowest cost
production assets in the industry, and we constantly examine cost
structures across all of our capabilities, including production,
in-basin terminals, and last mile,” said Laura C. Fulton, Chief
Financial Officer of Hi-Crush. “Given our expanded existing
relationships and recent success in establishing new contract
relationships with E&P customers, the Northern White sand needs
of those customers will be most efficiently served from combined
production at our Whitehall, Blair and Wyeville facilities. We’re
committed to maintaining a constant and dynamic focus on our cost
structure and operations, and will remain nimble and responsive to
any further market changes.”
About Hi-Crush
Hi-Crush is a fully integrated, strategic
provider of proppant and logistics solutions to the North American
petroleum industry. We own and operate multiple frac sand mining
facilities and in-basin terminals, and provide mine-to-wellsite
logistics services that optimize proppant supply to customers in
all major oil and gas basins in the United States. Our PropStream®
service, offering both container- and silo-based wellsite delivery
and storage systems, provides the highest level of flexibility,
safety and efficiency in managing the full scope and value of the
proppant supply chain. Visit HiCrush.com.
Investor Contact:Caldwell Bailey, Lead Investor
Relations AnalystMarc Silverberg, ICR(713) 980-6270
ir@hicrushpartners.com
Source: Hi-Crush Partners LP
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