Austin, TX-based Atlas Energy Solutions Inc. has clinched an agreement valued at $450 million to acquire Hi-Crush Inc., merging two proppant sand operators to create the largest operator in the Permian Basin. In the agreement, scheduled for completion by the end of March, Atlas would pay $150 million cash, trade $175 million in common shares…
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Articles from Hi-Crush
Hi-Crush, U.S. Silica Expect Tempered Lower 48 Activity Through Year’s End
Proppant oilfield service operators are preparing for a likely decline in U.S. land operations through the second half of this year and into 2020, with a “rationalization of supply” said already underway.
Frack Sand Providers Face Supply Imbalance as E&Ps Dig In on Costs
Proppant sand providers, which faced headwinds during the first quarter from low prices and conservative spending by their customers, will have to deal with a supply and demand imbalance that could pressure prices into the foreseeable future.
Hi-Crush Says Contraction in 4Q Proppant Sales Transitory
Houston-based Hi-Crush Partners LP, which provides proppant sand for North America onshore operators, on Monday reported a sharp downturn in sales for the fourth quarter and it has subsequently suspended quarterly distributions because of current market conditions.
Hi-Crush Building Out Last-Mile Proppant Business, Expanding Permian Sand Operations
Houston-based Hi-Crush Partners LP unveiled a triple shot of expansions on Monday, with the takeover of a Manitoba-based silo-based sand storage business and build out of proppant operations in Wisconsin and the Permian Basin.
Hi-Crush Expanding Permian Sand Business in $275M Deal
Houston-based Hi-Crush Partners LP, which reported a sharp increase for proppant sand during the fourth quarter, is slapping down $275 million to buy out a Permian Basin sand supplier in its biggest deal ever.
Beaten Up But Not Beaten Down, OFS Sector Showing Resiliency
The oilfield services industry has been mangled, chewed up and spit out since commodity prices began tumbling in late 2014. Like a champ, operators picked themselves up and fought back by revamping customer contracts, improving efficiencies and costs, and as they have always done, delivering ever-better technology.
Hi-Crush Unveils Proppant Sand Delivery System, Re-Ups Halliburton Contract
Houston-based Hi-Crush Partners LP, which provides northern white sand to pressure pumpers across North America, has secured partners to help fund an innovative logistics company for the proppant industry.
Halliburton Extends Frack Sand Agreement With Hi-Crush
In a sign suggesting that the U.S. unconventional boom is not abating, Halliburton Co. has extended an agreement with Hi-Crush Partners LP to increase through 2018 its annual Northern White sand volumes.
Halliburton Secures More Sand for Onshore Operations, Updates Seismic-to-Stimulation Service
Halliburton Co., one of the largest onshore oilfield services providers, has obtained a long-term agreement through 2018 with Hi-Crush Partners LP for sand to use in hydraulic fracturing (fracking) operations.