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."
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.
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.
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.
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