Hi-Crush Partners is a pure play, low-cost, domestic producer and supplier 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. 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.
Hi-Crush Partners produces a range of frac sand sizes for use in all major U.S. shale basins and is one of the few Northern White sand producers with onsite rail capacity for unit trains. Substantially all of our frac sand production is sold to leading investment grade-rated pressure pumping service providers under long-term, take-or-pay contracts that require our customers to pay a specified price for a specified volume of frac sand each month.
Hi-Crush Partners' units trade on the New York Stock Exchange (NYSE) under the symbol HCLP. We are managed and operated by the board of directors and executive officers of our general partner, Hi-Crush GP LLC, a wholly owned subsidiary of our sponsor, Hi-Crush Proppants LLC. Our sponsor was formed in 2010 in Houston, Texas and as of June 30, 2013, sponsor held approximately 49.7% of the limited partner units and all of the Class B Units. Hi-Crush Proppants LLC owns, operates, acquires and develops sand reserves and related processing and transportation facilities, primarily in the state of Wisconsin.