Post Tagged with: "Hi-Crush"

Source: Reuters

How a Texas shale supplier’s founders made fortunes as the firm failed

Reuters


On July 7, the board of directors at Texas fracking sand supplier Hi-Crush granted nearly $3 million in bonuses to four top executives, including $1.35 million for CEO and founder Robert Rasmus.

Five days later, the company declared bankruptcy.…

Hi-Crush Inc. Reports Fourth Quarter and Full Year 2019 Results

Hi-Crush Inc. Reports Fourth Quarter and Full Year 2019 Results

HOUSTON, Feb. 19, 2020 (GLOBE NEWSWIRE) — Hi-Crush Inc. (NYSE: HCR) (the “Company”), a fully-integrated provider of proppant logistics solutions, today reported fourth quarter and full year 2019 results. Revenues during the fourth quarter of 2019 totaled $125.5 million compared …

After 70% Crash in Stocks, Some Frack-Sand Miners Looking Overseas

After 70% Crash in Stocks, Some Frack-Sand Miners Looking Overseas

From Bloomberg

For the last six years, Kevin Bowen has made good money selling sand to shale frackers who use it for drilling. It was hard not to. The industry has been booming in the oil fields of West Texas.…

April 3, 2019 - 4:26 pm Closing Bell Story‎, Energy News
Hi-Crush Reports Second Kermit Facility Completed On Time and Under Budget

Hi-Crush Reports Second Kermit Facility Completed On Time and Under Budget

Sand volumes down YOY and sequentially
Frac sand producers are feeling the recent oil price decline, according to an update from Hi-Crush Partners (stock ticker: HCLP).

Hi-Crush reports it sold 1.98 million tons of sand in Q4 2018, compared to

Hi-Crush Completes Buyout of General Partner

Hi-Crush Completes Buyout of General Partner

Hi-Crush Completes Buyout of General Partner and Declares Distribution of $0.225 per Unit for the Third Quarter of 2018

Texas Sand, Pipeline Constraints Dog Wisconsin Frac Mines

Texas Sand, Pipeline Constraints Dog Wisconsin Frac Mines

From the La Crosse Tribune

A combination of competition and logistics snarls have led to the recent idling of Midwestern frac sand mines, but the slowdown may be temporary.

Hi-Crush notified the state on Tuesday that 37 people will lose …

October 5, 2018 - 1:16 pm Closing Bell Story‎, Energy News, Fracing, Oilfield Services
In-Basin Sand Mines are Sprouting Fast in Texas and Oklahoma

In-Basin Sand Mines are Sprouting Fast in Texas and Oklahoma

Locally sourced frac sand gets the job done at a discount

Last week, Alpine Silica, a private supplier of frac sand, announced that it will open two new frac sand projects—one in Van Horn, Texas and the other in Fay, …

Demand for Frac Sand is “Insatiable”: Hi-Crush CEO

Demand for Frac Sand is “Insatiable”: Hi-Crush CEO

Hi-Crush Partners LP (ticker: HCLP) reported a Q1 2018 net income of $53.1 million, or $0.59 per diluted share. Revenues for the quarter totaled $218.1 million on sales of 2,617,627 tons of frac sand. Capital expenditures in Q1 2018 were …

Hi-Crush Partners LP Appoints Chief Operating Officer

Hi-Crush Partners LP Appoints Chief Operating Officer

Hi-Crush Partners LP Appoints Scott J. Preston as Chief Operating Officer

Hi-Crush to Join Alerian’s AMZ and AMZE

Hi-Crush to Join Alerian’s AMZ and AMZE

Hi-Crush Partners LP (ticker: HCLP) will be added to both the Alerian MLP Index (AMZ) and the Alerian MLP Equal Weight Index (AMZE) following the close of business on March 16, 2018.

“The addition of Hi-Crush to the AMZ and …

March 13, 2018 - 4:27 pm Closing Bell Story‎, MLPs, Oil and Gas 360 Articles, People
Hi-Crush Sells 8.93 Million Tons of Frac Sand in 2017

Hi-Crush Sells 8.93 Million Tons of Frac Sand in 2017

Hi-Crush Partners LP (ticker: HCLP) reported its Q4 and full year 2017 results. Revenues for the fourth quarter of 2017 totaled $216.5 million on sales of 2,985,115 tons of frac sand. This compares to $167.6 million of revenues on sales …

Hi-Crush Refinancing Update

Hi-Crush Refinancing Update

Hi-Crush Partners LP (ticker: HCLP) has entered into a new $200 million Senior Secured Term Loan Credit Agreement and a new five-year Revolving Credit Agreement. Additionally, the company completed $20 million of unit repurchases and received necessary approvals to execute …

December 27, 2017 - 6:33 pm Closing Bell Story‎, Finance, Oil and Gas 360 Articles
Hi-Crush Keeps the Focus on the Community

Hi-Crush Keeps the Focus on the Community

Community involvement – more than just buzz words

Hi-Crush (ticker: HCLP) is a major sand producer in both Wisconsin and more recently in Kermit, Texas, near operations in the Permian Basin, but the company strives to be more to the …

Another Texas Commodity Getting Red Hot

Another Texas Commodity Getting Red Hot

Texas dunes, HCLP provide answers

Texas is the motherlode when it comes to decade after decade of oil and gas production in the U.S., and the Permian basin is widely considered to hold some of the best rock in the …

You Saw Technology Focused on Boosting Recoveries, Lowering E&P Costs – “Tech Day” Recap Part 3

You Saw Technology Focused on Boosting Recoveries, Lowering E&P Costs – “Tech Day” Recap Part 3

“Geophysics has transitioned from simply finding the resource to defining and understanding it” – MicroSeismic’s Carl Neuhaus 

After The Oil & Gas Conference® wrapped up in Denver last week, EnerCom hosted the debut of Oilfield Tech & Innovation Day, where …