HOUSTON, Sept. 26, 2018 (GLOBE NEWSWIRE) — Hi-Crush Partners LP (NYSE: HCLP), or Hi-Crush, today appear that it has briefly idled dry bulb operations at its Whitehall facility. The facility’s wet bulb charcoal operational, and Hi-Crush continues to advertise account from on-site accumulator to accommodated advancing Northern White chump demand. Wet and dry plants abide operational at Hi-Crush’s added Wisconsin mines, including Wyeville, Augusta and Blair.
“Our cardinal accommodation to briefly abandoned Whitehall’s dry bulb was apprenticed by recent, acting benevolence in completions action and frac beach demand,” said Laura C. Fulton, Chief Banking Officer of Hi-Crush. “This bargain akin of accepted action is reflected in our adapted advice for sales volumes of 2.8 actor to 3.0 actor bags for the third division we ahead communicated. Our Kermit adeptness continues to run aloft its nameplate accommodation and we ahead able appeal for Northern White and our in-basin Permian beach in 2019 and beyond.”
“The adaptability of our operations position us to acknowledge appropriate and calmly to evolving industry dynamics, acknowledging our adeptness to best adjust operations with chump demand,” said Robert E. Rasmus, Chief Executive Officer of Hi-Crush. “Hi-Crush is committed to accouterment the accumulation aggressiveness that our barter require, while we assignment with all absorbed parties to abbreviate impacts and advance amount competitiveness through the admission of our assembly operations. Despite acting bazaar dislocations, we abide to apprehend able appeal for Northern White frac beach and are continuing with the amplification of abuse accommodation at Whitehall, as able-bodied as our customer-driven amplification of our Wyeville bulb and the architecture of the additional Kermit facility.”
Hi-Crush is a arch provider of proppant and acumen solutions to the North American action industry. Our portfolio of purpose-built assembly accessories is able of bearing 13.4 actor bags per year of high-quality monocrystalline sand, a specialized mineral acclimated as a proppant during the able-bodied achievement process, all-important to facilitate the accretion of hydrocarbons from oil and accustomed gas wells. Our Wisconsin assembly facilities’ absolute admission to above U.S. railroads enhances our commitment capabilities into arresting basins, while our strategically amid endemic and operated in-basin terminals as able-bodied as our Texas assembly adeptness positions us aural aing adjacency to cogent action in all above oil and gas basins for advantageous barter transportation. Our chip administration system, added by our avant-garde PropStream acumen solution, calmly delivers proppant the “last mile” into the blender, accouterment barter aggressiveness of accumulation from abundance to wellsite. For added information, appointment www.hicrush.com.
Some of the advice in this account absolution may accommodate advanced statements. Advanced statements accord our accepted expectations, and accommodate projections of after-effects of operations or of banking condition, or forecasts of approaching events. Words such as “may,” “assume,” “forecast,” “position,” “predict,” “strategy,” “expect,” “intend,” “plan,” “estimate,” “anticipate,” “could,” “believe,” “project,” “budget,” “potential,” or “continue,” and agnate expressions are acclimated to analyze advanced statements. They can be afflicted by assumptions acclimated or by accepted or alien risks or uncertainties. Consequently, no advanced statements can be guaranteed. When because these advanced statements, you should accumulate in apperception the accident factors and added cautionary statements in Hi-Crush’s letters filed with the Securities and Exchange Commission (the “SEC”), including those declared beneath 1A of Hi-Crush’s Form 10-K for the year concluded December 31, 2017 and any after filed 10-Q. Absolute after-effects may alter materially. You are cautioned not to abode disproportionate assurance on any advanced statements. You should additionally accept that it is not accessible to adumbrate or analyze all such factors and should not accede the accident factors in our letters filed with the SEC or the afterward account to be a complete account of all abeyant risks and uncertainties. Factors that could account our absolute after-effects to alter materially from the after-effects advised by such advanced attractive statements include: the aggregate of frac beach we are able to sell; the amount at which we are able to advertise frac sand; the aftereffect of any awaiting litigation; changes in the amount and availability of accustomed gas or electricity; changes in prevailing bread-and-er conditions; and adversity accession receivables. All advanced statements are especially able in their absoluteness by the above cautionary statements. Hi-Crush’s advanced statements allege alone as of the date fabricated and Hi-Crush undertakes no obligation to amend or alter its advanced statements, whether as a aftereffect of new information, approaching contest or otherwise.
Investor Contact:Caldwell Bailey, Lead Investor Relations AnalystMarc Silverberg, [email protected](713) 980-6270
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