Hi-Crush Inc (fka HCRSQ)

[56Chevy]

Kermit Facility

As announced previously, the Partnership commenced operations at its Kermit facility in July 2017. The facility is the first to produce and sell in-basin frac sand in the Permian, and has an annual production capacity of 3.0 million tons. Of this nameplate capacity, 90% is currently contracted with customers, including several large, blue-chip E&P companies under long-term, fixed-price arrangements. The Kermit facility expands Hi-Crush’s industry-leading production and logistics capabilities in West Texas and significantly improves customer service while reducing delivered costs to the well site.

"The opening of our Kermit facility is a game-changer for our Permian Basin operations," said Ms. Fulton. "The facility expands our product portfolio, while its proximity to significant Permian Basin activity enables substantial efficiency improvements in the delivery of sand to the well site".

Marker:
Hi-Crush Partners LP (HCLP)
$10.075 down -0.025 (-0.25%)
Volume: 687,188