Hi-Crush Partners LP has entered into a new, long-term frac sand supply agreement for the in-basin purchase of Northern White frac sand to support Chesapeake Energy Corp. and its completions program in the Marcellus and Powder River Basins. In addition, Chesapeake will utilize one PropStream container crew and related logistics with the option to expand based on demand.
“We are excited to reach an agreement to provide services to meet Chesapeake’s demand for Northern White frac sand and associated proppant logistics needs,” said Robert E. Rasmus, chairman and chief executive officer of Hi-Crush. “We believe this agreement affirms the value of our Mine. Move. Manage. operating strategy, as well as the ongoing demand for Northern White frac sand, the strength of our logistics network and our success in increasingly partnering with producer customers.”
Hi-Crush’s 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, according to the company.