Abraham, Fruchter & Twersky, LLP Announces Investigation of Hi-Crush Partners LP

  Abraham, Fruchter & Twersky, LLP Announces Investigation of Hi-Crush
  Partners LP

Business Wire

NEW YORK -- November 17, 2012

Abraham, Fruchter & Twersky, LLP has commenced an investigation concerning
possible violations of federal securities laws by Hi-Crush Partners LP
(“Hi-Crush Partners” or the “Company”) (NYSE: HCLP).

Hi-Crush Partners, based in Houston, Texas, engages in the mining and
processing of raw sands for use in hydraulic fracturing operations in oil and
gas wells. On August 16, 2012, Hi-Crush Partners commenced an initial public
offering (“IPO”) of 11,250,000 shares at a price of $17 per share for total
proceeds of $191.25 million.

In connection with the IPO, the Company filed a Prospectus and Registration
Statement with the United States Securities and Exchange Commission disclosing
that Baker Hughes, Inc., one of North America’s largest providers of pressure
pumping services, is also one of the Company’s largest customers. The filings
further indicated that “[s]ubstantially all of our sales are generated under
contracts with four customers, and the loss of or reduced purchasing by any of
them could adversely affect our results of operations.”

Then on November 13, 2012, Hi-Crush Partners filed its quarterly report
disclosing its earnings for the period ended September 30, 2012. The Company
also disclosed for the first time that on September 19, 2012, Baker Hughes
Oilfield Operations, Inc. provided notice that it was terminating a supply
agreement for frac sand with the Company and that after discussions to resolve
the conflict had broken down, Hi-Crush Partners filed suit against Baker
Hughes in the State District Court of Harris County, Texas, seeking damages
for Baker Hughes’ alleged “prior wrongful termination of the supply

Hi-Crush Partners also cautioned investors that if it is unsuccessful in its
lawsuit against Baker Hughes, or if it is unable to sell the frac sand to
existing or new customers on “economically acceptable terms,” the Company’s
business, financial condition, and results of operations “could be materially

On this news, the price per share of Hi-Crush common stock fell $5.35, or more
than 26%, to close that day at $15.00, on extremely heavy trading volume.

If you purchased the common stock of Hi-Crush Partners beginning with its IPO
on August 16, 2012 and would like to discuss this investigation, or if you
have any questions concerning this notice, you may contact: Jack Fruchter or
Christopher Matthews of Abraham, Fruchter & Twersky, LLP toll free at (800)
440-8986, or via e-mail at info@aftlaw.com or cmatthews@aftlaw.com

Abraham, Fruchter & Twersky, LLP has extensive experience in securities class
action cases, and the firm has been ranked among the leading class action law
firms in terms of recoveries achieved by a survey of class action law firms
conducted by Institutional Shareholder Services.

Attorney Advertising. Prior Results Do Not Guarantee A Similar Outcome.


Abraham, Fruchter & Twersky, LLP
Jack G. Fruchter / Christopher Matthews
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