Text Size:
A | A

Frac Sand Player Hi-Crush Gains Analysts’ Attention

Text Size: A | A
Leslie Haines, Hart Energy
September 18, 2012

There’s a new master limited partnership in town, and it’s not an E&P company or a midstream entity. It’s Hi-Crush Partners LP (NYSE: HCLP), which owns and operates a plant that excavates and processes high-quality Northern White sand used in hydraulic fracturing. Its facility in Wyeville, Wisc., has annual capacity of 1.6 million tons per year and more than 48 million tons of proved reserves, for a reserve life of more than 30 years.

It went public Aug. 16, raising $179.5 million in net proceeds by selling 11.3 million units ...


Already a subscriber? Log In
Password:
 
Does your company have a site license? Inquire here
Already a print subscriber? Upgrade your magazine subscription