Hi-Crush, Chesapeake enter frac sand supply agreement

Hi-Crush, a provider of proppant and logistics solutions to the North American market, entered into a long-term frac sand supply agreement for the in-basin purchase of Northern White frac sand to support Chesapeake Energy Corp. and its completions program in the Marcellus and Powder River basins.

“We are excited to reach an agreement to provide services to meet Chesapeake’s demand for Northern White frac sand and associated proppant logistics needs,” says Robert Rasmus, chairman and CEO of Hi-Crush. “We believe this agreement affirms the value of our ‘Mine. Move. Manage.’ operating strategy, as well as the ongoing demand for Northern White frac sand, the strength of our logistics network and our success in increasingly partnering with producer customers.”

Chesapeake will utilize one PropStream container crew and related logistics with the option to expand based on demand, according to the company.