Hi-Crush Partners LP Announces Commencement of Operations at Pecos Terminal
HOUSTON, Oct. 04, 2017 (GLOBE NEWSWIRE) -- Hi-Crush Partners LP (NYSE:HCLP), or Hi-Crush, today announced the company has commenced operations at its new Pecos, Texas terminal, the first unit-train capable terminal with silo storage in the Southern Delaware Basin. Hi-Crush is actively delivering produced sand via rail to the Pecos terminal, which includes 20,000 tons of vertical silo storage on-site, from two of its Union Pacific connected Northern White facilities in Wisconsin. On October 3, 2017, Hi-Crush began loading customer trucks for delivery to support local completions activity.
“We are excited to complete construction on schedule and start operations at our third Permian Basin terminal,” said Robert E. Rasmus, Chief Executive Officer of Hi-Crush. “The completion of the Pecos facility augments our existing capabilities, which include our Odessa and Big Spring terminals in the Midland Basin, and extends our advantage in the region. The addition of Pecos complements our leading network of owned and operated logistics assets, which in addition to our recently completed in-basin Kermit facility, provides our customers with flexibility and diversity across sand product, and enhances surety of supply by mitigating potential logistical bottlenecks in these highly active areas.”
Hi-Crush is a premier provider of proppant and logistics solutions to the North American energy industry. Our portfolio of purpose-built production facilities are capable of producing 13.4 million tons per year of high-quality monocrystalline sand, a specialized mineral used as a proppant during the well completion process, necessary to facilitate the recovery of hydrocarbons from oil and natural gas wells. Our production facilities' direct access to major U.S. railroads enhance our delivery capabilities into consuming basins, while our strategically located owned and operated in-basin terminals as well as our in-basin production facility position us within close proximity to significant activity in all major oil and gas basins for advantageous truck transportation. Our integrated distribution system, enhanced by our innovative PropStreamTM logistics solution, efficiently delivers proppant the "last mile" into the blender, providing customers surety of supply from mine to well site. For more information, visit www.hicrush.com.
Marc Silverberg, ICR
Hi-Crush Partners LP