Hi-Crush Enters Agreement for Northern White Frac Sand with Chesapeake Energy

HOUSTON — Hi-Crush Partners LP has entered into a new, long-term frac sand supply agreement for the in-basin purchase of Northern White frac sand to support Chesapeake Energy Corporation and their completions program in the Marcellus and Powder River Basins. In addition, Chesapeake will use one PropStream container crew and related logistics with the option to expand based on demand. “We are excited to reach an agreement to provide services to meet Chesapeake’s demand for Northern White frac sand and associated proppant logistics needs,” said Robert E. Rasmus, chairman and chief executive officer of Hi-Crush. “We believe this agreement affirms the value of our 'Mine. Move. Manage.' operating strategy, as well as the ongoing demand for Northern White frac sand, the strength of our logistics network and our success in increasingly partnering with producer customers.”