Houston, Texas, April 17, 2013 - Hi-Crush Partners LP (NYSE: HCLP), or Hi-Crush, announced today that the Board of Directors of its general partner has declared a cash distribution for the first quarter of 2013 of $0.475 per unit on all common and subordinated units. This distribution is the third declared by the partnership and is equal to the minimum quarterly distribution of $0.475 per unit, or $1.90 on an annualized basis. The distribution will be paid on May 15, 2013 to all common and subordinated unitholders of record on May 1, 2013.
If I am right about natural gas prices it will be very bullish for HCLP. By this time next year there should be 200-300 more rigs drilling horizontal wells for gas that will need their frac sand.
HCLP for High Yield
HCLP for High Yield
Dan Steffens
Energy Prospectus Group
Energy Prospectus Group