News
Release
Houston, Texas, May 22, 2014 -
Hi-Crush Proppants LLC, or "Hi-Crush", today celebrated the opening
of its third production facility located near Whitehall,
Wisconsin. The Governor of Wisconsin, Scott Walker, and
several local officials, including representatives from
Independence, Wisconsin, and the Town of Lincoln, attended the
ribbon-cutting ceremony and community appreciation event. The
Whitehall mine and processing facility is Hi-Crush's third facility
in Wisconsin, and is located on CN's North American rail network.
Hi-Crush Partners LP, or Hi-Crush Partners (NYSE: HCLP), an
integrated producer, transporter, marketer and distributor of
high-quality monocrystalline sand, recently announced the expansion
of the capacity of the Whitehall facility to 2.6 million tons per
year. Hi-Crush is the sponsor of Hi-Crush Partners.
"Our business model emphasizes
partnership with the local community," said James M. Whipkey,
Co-Chief Executive Officer of Hi-Crush. "We know that our
operations have a positive impact on the economy of Whitehall, and
that it takes a shared effort to succeed. The expanded
Whitehall facility will ensure Hi-Crush's ability to meet the needs
of our customers, who are continuing to demand higher volumes of
our sand and an increasing amount of our services."
"CN's network reach allows
Hi-Crush to efficiently reach the Marcellus, Utica and Bakken
shales. We believe that the Hi-Crush Whitehall facility is a
perfect complement to Hi-Crush Partners' two currently operating
mine and processing facilities located on the Union Pacific rail
lines in Wyeville and Augusta, and will give us greater flexibility
to better serve customers in all major North American shale plays,"
said Jay Alston, Chief Operating Officer of Hi-Crush.
JJ Ruest, CN executive
vice-president and chief marketing officer, said: "We are pleased
to provide rail transportation for this new world-class Hi-Crush
production plant. With our agenda of Operational and Service
Excellence -- aimed at finding the best balance between high levels
of operating efficiency, safety, and improved customer service - CN
is focused on creating the right supply-chain connection between
Hi-Crush in Wisconsin and oil and gas shales in the United States
and Canada. Our origin-to-destination service mindset is aimed at
helping our customers become more competitive in their end markets
and positioning CN to grow its businesses at low incremental
cost."
About
Hi-Crush
Hi-Crush is a producer of high-quality 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 also owns, operates, acquires and develops frac
sand reserves and related processing and transportation
facilities. Hi-Crush's reserves consist of "Northern White"
sand, a resource that exists predominately in Wisconsin and limited
portions of the upper Midwest region of the United States.
For more information, visit www.hicrush.com.
About
Hi-Crush Partners LP
Hi-Crush Partners LP, a publicly traded partnership (NYSE: HCLP),
is an integrated producer, transporter, marketer and distributor of
high-quality 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 Partner's
reserves, which are located in Wyeville, Wisconsin and Augusta,
Wisconsin, consist of "Northern White" sand, a resource that exists
predominately in Wisconsin and limited portions of the upper
Midwest region of the United States. Hi-Crush Partners owns and
operates the largest distribution network in the Marcellus and
Utica shales, and has distribution capabilities throughout North
America. For more information, visit www.hicrushpartners.com.
About
CN
CN (TSX: CNR) (NYSE: CNI) transports approximately C$250 billion
worth of goods annually for a wide range of business sectors,
ranging from resource products to manufactured products to consumer
goods, across a rail network spanning Canada and mid-America. CN -
Canadian National Railway Company, along with its operating railway
subsidiaries -- serves the cities and ports of Vancouver, Prince
Rupert, B.C., Montreal, Halifax, New Orleans, and Mobile, Ala., and
the metropolitan areas of Toronto, Edmonton, Winnipeg, Calgary,
Chicago, Memphis, Detroit, Duluth, Minn./Superior, Wis., and
Jackson, Miss., with connections to all points in North
America.
Forward-Looking Statements
Some of the information in this news release may contain
forward-looking statements within the meaning of Section 27A of the
Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the "Exchange Act").
Forward-looking statements give our current expectations, and
contain projections of results of operations or of financial
condition, or forecasts of future events. Words such as "may,"
"assume," "forecast," "position," "predict," "strategy," "expect,"
"intend," "plan," "estimate," "anticipate," "could," "believe,"
"project," "budget," "potential," or "continue," and similar
expressions are used to identify forward-looking statements. They
can be affected by assumptions used or by known or unknown risks or
uncertainties. Consequently, no forward-looking statements can be
guaranteed. When considering these forward-looking statements, you
should keep in mind the risk factors and other cautionary
statements in Hi-Crush Partner's reports filed with the Securities
and Exchange Commission ("SEC"), including those described under 1A
of Hi-Crush Partner's Form 10-K for the year ended December 31,
2013 and any subsequently filed 10-Q. Actual results may vary
materially. You are cautioned not to place undue reliance on any
forward-looking statements. You should also understand that it is
not possible to predict or identify all such factors and should not
consider the risk factors in our reports filed with the SEC or the
following list to be a complete statement of all potential risks
and uncertainties. Factors that could cause our actual results to
differ materially from the results contemplated by such
forward-looking statements include: the volume of frac sand we are
able to sell; the price at which we are able to sell frac sand; the
outcome of any pending litigation; changes in the price and
availability of natural gas or electricity; changes in prevailing
economic conditions; and difficulty collecting receivables. All
forward-looking statements are expressly qualified in their
entirety by the foregoing cautionary statements. Hi-Crush Partner's
forward-looking statements speak only as of the date made and
Hi-Crush Partners undertakes no obligation to update or revise its
forward-looking statements, whether as a result of new information,
future events or otherwise.
PRESS CONTACTS
Hi-Crush
investor and media contact:
Investor Relations
ir@hicrushpartners.com
(713) 960-4811
CN investor and media contact:
Mark Hallman
Mark.hallman@cn.ca
(905) 669-3384
This
announcement is distributed by NASDAQ OMX Corporate Solutions on
behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely
responsible for the content, accuracy and originality of the
information contained therein.
Source: Hi-Crush Partners LP via Globenewswire
HUG#1788098
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