Hi-Crush Partners LP : Hi-Crush Proppants LLC Receives Award Of Excellence for
Positive Economic Impact
Houston, Texas - March 20, 2013 - Hi-Crush Proppants LLC, or Hi-Crush, the
owner of the general partner of Hi-Crush Partners LP (NYSE: HCLP), today
announced that The Eau Claire Area Economic Development Corporation recently
awarded Hi-Crush its Paragon Award for making a positive impact in the Eau
Claire, Wisconsin area, specifically noting Hi-Crush's efforts in community
outreach and inclusion.
Hi-Crush was presented the award which recognizes organizations for
significant contributions to local economic impact and community excellence.
Hi-Crush is the first proppants company to receive the Paragon Award.
"Our business model has always been to work with the community," said Co-Chief
Executive Officer Bob Rasmus. "We know that our Augusta operation is a big
part of the local economy and that it takes a collaborative effort to succeed.
We plan to be a good neighbor and a community citizen of the Eau Claire area
for a long time."
The Hi-Crush Augusta site is a newly built facility completed in July 2012,
and located in Augusta, Wisconsin. The Augusta site has an estimated 48.4
million tons of proven recoverable coarse grade sand reserves located on 1,187
acres. The Augusta facility, which has a processing capacity of 1.6 million
tons per year, has a reserve life of approximately 33 years.
Hi-Crush is a leading producer of premium monocrystalline sand, a specialized
mineral that is used as a proppant ("frac sand") to enhance the recovery rates
of hydrocarbons from oil and natural gas wells. Hi-Crush owns, operates,
acquires and develops frac sand reserves and related processing and
transportation facilities. Our reserves consist of Northern White sand,
predominately found in Wisconsin and limited portions of the upper Midwest
region of the United States, and is highly valued as a preferred proppant due
to its favorable physical characteristics. For more information on Hi-Crush,
please visit www.hicrush.com
Hi-Crush holds a majority limited partner interest in Hi-Crush Partners LP, a
publicly traded limited partnership engaged in the production of frac sand for
use in all major U.S. shale basins. HCLP is managed and operated by the board
of directors and executive officers of Hi-Crush GP LLC, which is the general
partner of HCLP and a wholly owned subsidiary of Hi-Crush. For more
information on HCLP, please visit www.hicrushpartners.com.
This announcement is distributed by Thomson Reuters on behalf of Thomson
The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other
applicable laws; and
(ii) they are solely responsible for the content, accuracy and originality of
information contained therein.
Source: Hi-Crush Partners LP via Thomson Reuters ONE
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