Service & Supply | Oilfield Services | Capital Markets | Private Equity Activity
Hi-Crush, FTS Strengthen Supply Agreement
Print
|
Hi-Crush Partners LP has reported the entry into of an amendment to the supply agreement between Hi-Crush Operating LLC, a subsidiary of Hi-Crush, and FTS International, LLC, or FTSI, a leading provider of well completion services.
The amendment significantly increases the number of committed volumes under the agreement, extends the term of the supply agreement and requires FTSI to pay a specified price for a specified minimum volume of frac sand each month.
James M. Whipkey, Co-Chief Executive Officer of Hi-Crush, commented: "Hi-Crush is excited to further extend and strengthen our relationship with FTSI by entering into this amendment. We consider FTSI a valuable partner as we continue to expand our market presence, and fulfilling our customers' needs is a top priority for Hi-Crush."