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Profile: Hi Crush Partners LP (HCLP.N)

HCLP.N on New York Stock Exchange

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25 May 2017
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Hi-Crush Partners LP, incorporated on May 8, 2012, is an integrated producer, transporter, marketer and distributor of monocrystalline sand, a specialized mineral that is used as a proppant to manage the recovery rates of hydrocarbons from oil and natural gas wells. Its reserves consist of northern white sand, a resource in Wisconsin and limited portions of the upper Midwest region of the United States. It owns and operates a portfolio of sand facilities with on-site wet and dry plant assets, including direct access to the United States railroads for distribution to in-basin terminals. It owns and operates a network of strategically located terminals and an integrated distribution system throughout North America, including its PropStream integrated logistics solution, which delivers proppant into the blender at the well site. As of December 31, 2016, it owned and operated a 971-acre facility with rail infrastructure, located in Wyeville, Wisconsin (the Wyeville facility), which contained approximately 76.4 million tons of proven recoverable reserves of frac sand meeting American Petroleum Institute (API) specifications. Its Augusta facility, as of December 31, 2016, contained 40.9 million tons of proven recoverable reserves of frac sand meeting API specifications. As of December 31, 2016, the Augusta facility had an annual processing capacity of approximately 2,860,000 tons of frac sand per year.

The Company's Blair facility, as of December 31, 2016, contained 117.7 million tons of proven recoverable reserves of frac sand meeting API specifications. As of December 31, 2016, the Blair facility had an annual processing capacity of approximately 2,860,000 tons of frac sand per year. Its sponsor's Whitehall facility, as of December 31, 2016, contained 80.7 million tons of proven recoverable reserves of frac sand meeting API specifications. As of December 31, 2016, the Whitehall facility had an annual processing capacity of approximately 2,860,000 tons of frac sand per year. As of December 31, 2016, it owned or operated 11 terminal locations throughout Colorado, Pennsylvania, Ohio, New York and Texas, of which three were temporarily idled and six were capable of accommodating unit trains. Its terminals include approximately 74,000 tons of rail storage capacity and approximately 120,000 tons of silo storage capacity. Its terminals include rail-to-truck and rail-to-storage capabilities and serve as the base for a majority of its terminal resources and materials management services. Its terminal facilities include origin and distribution material staging areas, rail track capabilities, material handling equipment, private rail fleet, bulk storage and quality assurance services. As of December 31, 2016, the Company owned six PropBeast conveyors and leased 300 containers from Proppant Express Investments, LLC (PropX).

The Company competes with U.S. Silica Holdings, Inc., Unimin Corporation, Fairmount Santrol Holdings, Inc., Badger Mining Corporation, Emerge Energy Services LP and Smart Sand, Inc.

Company Address

Hi Crush Partners LP

Suite 1550, Three Riverway
HOUSTON   TX   77056
P: +1713.9630099
F: +1713.9630088

Company Web Links