Hi-Crush Partners LP reported second quarter 2017 results. Revenues for the second quarter of 2017 totaled $135.2 million on sales of 2,112,516 tons of frac sand. This compares to $83.4 million of revenues on sales of 1,384,887 tons of frac sand in the first quarter of 2017.
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Hi-Crush Looks Ahead
During Hi-Crush’s most recent conference call, management walked investors through some of these growth plans and the trends that underpin their future plans. Here is a look at some of the most pertinent management statements from the company, according to Tyler Crowe, writing for The Motley Fool.
Read MoreHi-Crushes Buys Former Recreation Area for Sand Deposits
Houston-based Hi-Crush Partners purchased a recreation area formerly known as The Dunes at Kermit, in Kermit, Texas, and has started preparing the site for frac sand production.
Read MoreHi-Crush Frac Sand Volumes Up for Quarter; Down for Year
Hi-Crush Partners LP reported fourth-quarter and full-year 2016 results. Revenues for the quarter ended Dec. 31, 2016, totaled $67.3 million on sales of 1,358,511 tons of frac sand. This compares to $46.6 million of revenues on sales of 1,082,974 tons of frac sand in the third quarter of 2016.
Read MoreThis Week’s Market Buzz
Frac sand producers are raising prices due to stronger demand, betting on an improving outlook for the oil industry, said Scott Cockerham, managing director at consulting firm Huron. “It’s a very symbiotic system,” he said. However, of late, crude prices have also dipped from their recent highs near $52 a barrel; U.S. crude futures were trading at $43.87 a barrel,…
Read MoreThis Week’s Market Buzz
Hi-Crush Partners reported third quarter 2016 results. Revenues for the quarter ended Sept. 30, 2016, totaled $46.6 million on sales of 1,082,974 tons of frac sand. This compares to revenues in the second quarter of 2016 of $38.4 million on sales of 849,263 tons of frac sand. Athabasca Minerals is continuing permitting for the Firebag Frac Sand Project. Under the…
Read MoreHi-Crush Has Successful Test of Integrated Delivery Solution
Hi-Crush Partners LP announced the successful pilot test of its PropStream integrated delivery solution, which is designed to structurally enhance the efficiency of sand delivery in the well completion process.
Read MoreHi-Crush Restarts Augusta, Wis., Plant
Hi-Crush announced that it has entered into an amendment to a material contract with a customer and as a result has decided to restart production at its frac sand facility in Augusta, Wis., in order to meet the growing demand. It was also announced that the partnership completed the previously announced acquisition of the Blair facility on Aug. 31, 2016.…
Read MoreHi-Crush Acquires Blair Facility
Hi-Crush Partners has entered into a contribution agreement with Hi-Crush Proppants LLC to acquire Hi-Crush Blair LLC, the entity that owns Proppants’ raw frac sand processing facility located in Blair, Wis.
Read MoreHi-Crush Partners Reviews Second Quarter; Makes Acquisition
Hi-Crush Partners LP reported second quarter 2016 results and the completion of an acquisition.
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