Hi-Crush Partners LP announced the entry into a three-year supply agreement by a subsidiary of Hi-Crush with U.S. Well Services, LLC, a Texas-based oilfield services provider of well stimulation services to the upstream oil and gas industry. The supply agreement requires U.S. Well to pay a specified price for a specified minimum volume of frac sand each month.
“Hi-Crush is excited to enter into a long-term partnership with U.S. Well,” said James M. Whipkey, co-chief executive officer of Hi-Crush. “We look forward to serving their frac sand needs and growing with them in the years to come.”
“We believe that U.S. Well’s commitment underscores the strength of our extensive logistics network of rail-served terminals in the Northeast,” added Robert E. Rasmus, co-chief executive officer of Hi-Crush. “Certainty of supply is critical in today’s market. Our customers need to have access to high-quality frac sand, when and where they need it, and Hi-Crush provides this certainty.”