Hi-Crush Announces Integrated Agreement for Northern White Frac Sand with Chesapeake Energy
November 12 2018 - 9:00AM
Hi-Crush Partners LP (NYSE: HCLP), or "Hi-Crush", today announced
that it 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 Corporation (“Chesapeake”) and their
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.”
About Hi-CrushHi-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 basins. 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.
About Chesapeake:Headquartered
in Oklahoma City, Chesapeake Energy Corporation's (NYSE: CHK)
operations are focused on discovering and developing its large and
geographically diverse resource base of unconventional oil and
natural gas assets onshore in the United States. The company
also owns an oil and natural gas marketing business.
Hi-Crush Media Contact:Steve
BellDirector, Marketing and Corporate Communications (713)
980-6225marketing@hicrush.com
Hi-Crush Investor
Contact:Caldwell Bailey, Lead Investor Relations
Analyst(713) 980-6270ir@hicrush.comMarc Silverberg, ICR
Chesapeake Media Contact:Gordon
Pennoyer(405) 935-8878media@chk.com
Chesapeake Investor
Contact:Brad Sylvester, CFA(405) 935-8870ir@chk.com
Source: Hi-Crush Partners LP
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