Hi-Crush accelerates plans to provide frac sand to the Permian Hi-Crush Partners (ticker: HCLP) released its first quarter earnings Monday reporting improving financial results and an increased pace of development on Permian facilities. The company plans to increase the number of crews it has operating to nine or more by the end of the year, up from four currently, the
Producers looking to get the most out of wells are increasing volumes of frac sand In the current price environment, companies are doing everything they can to get the most out of their wells. Falling commodity prices have made wells increasingly uneconomical, a problem that is being acutely felt during quarterly reserves ceiling tests. Operators are doing everything they can
Raymond James sees a recovery in sand prices Although Hi Crush Partners (ticker: HCLP) missed on its Q2 earnings, reporting $84 million in revenues or $0.31 per unit in earnings, Raymond James believes the company still has long-term potential following a recovery in sand prices. “We believe a rig count recovery and intensity trends should support a recovery in sand
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