2013-01-17 22:16:12 -
(Thomson Reuters ONE via COMTEX) -- Houston, Texas, January 17, 2013 - Hi-Crush
Partners LP (NYSE: HCLP), or Hi-Crush, announced today that the Board of
Directors of its general partner has declared a cash distribution for the fourth
quarter of 2012 of $0.475 per unit on all common and subordinated units. This
distribution is the second declared by the partnership and is equal to the
minimum quarterly distribution of $0.475 per unit, or $1.90 on an annualized
basis. The distribution will be paid on February 15, 2013 to all common and
subordinated unitholders of record on February 1, 2013.
Hi-Crush is a domestic producer of 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, which are located in
Wyeville, 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. For more information, visit www.hicrushpartners.com.
Source: Hi-Crush Partners LP
This announcement is distributed by Thomson Reuters on behalf of
Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and
other applicable laws; and
(ii) they are solely responsible for the content, accuracy and
originality of the information contained therein.
Source: Hi-Crush Partners LP via Thomson Reuters ONE