Hi-Crush Partners LP and Liberty Oilfield Services jointly announced the achievement of operational milestones for sand volumes, unit train deliveries and efficiency gains during the fourth quarter of 2015.
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Hi-Crush Partners Increases Sales Volumes
Hi-Crush Partners LP reported third quarter 2015 results. The limited partners’ interest in adjusted net income, adjusted to exclude the impact of one-time expenses, was $5.6 million and the basic and diluted adjusted earnings were $0.15 per limited partner unit. The basic and diluted loss per unit during the quarter was negatively impacted by $23.7 million of one-time expenses associated…
Read MoreHi-Crush, ARB to Develop Rail Hubs
Hi-Crush Partners LP and ARB Midstream LLC announced that the companies have entered into definitive agreements to jointly develop and operate two energy rail hubs, one in the DJ Basin and one in the Permian Basin. Both facilities will be served by the Union Pacific Railroad, and will provide unit and manifest train capabilities for frac sand and crude oil.…
Read MoreHi-Crush Completes Acquisition
Hi-Crush Partners LP announced the successful completion of its previously announced acquisition of certain equity interests in Hi-Crush Augusta LLC, the entity that owns a raw frac sand processing facility located in Augusta, Wis., for cash consideration of $224.25 million.
Read MoreHi-Crush, U.S. Well Enter into Long-Term Contract
Hi-Crush Partners LP announced the entry into a three-year supply agreement by a subsidiary of Hi-Crush with U.S. Well Services, LLC, a Texas-based oilfield services provider of well stimulation services to the upstream oil and gas industry. The supply agreement requires U.S. Well to pay a specified price for a specified minimum volume of frac sand each month.
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