Hi-Crush Partners LP (HCLP)

dan_s · Post by **dan_s** » Tue Apr 01, 2014 4:27 pm

IMO this is VERY GOOD news for HCLP shareholders. - Dan

Houston, Texas - March 31, 2014 - Hi-Crush Partners LP (HCLP), or Hi-Crush, today announced the entry into a three-year supply agreement by a subsidiary of Hi-Crush with U.S. Well Services, LLC, or U.S. Well, 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.

"Hi-Crush is excited to enter into a long-term partnership with U.S. Well" said James M. Whipkey, Co-Chief Executive Officer of Hi-Crush. "We look forward to serving their frac sand needs and growing with them in the years to come."

"We believe that U.S. Well`s commitment underscores the strength of our extensive logistics network of rail-served terminals in the northeast," said Robert E. Rasmus, Co-Chief Executive Officer of Hi-Crush. "Certainty of supply is critical in today`s market. Our customers need to have access to high-quality frac sand, when and where they need it, and Hi-Crush provides this certainty."