Hi-Crush Partners in new frac sand purchase deal with Halliburton

|About: Hi-Crush Partners LP (HCLP)|By:, SA News Editor

Hi-Crush Partners (HCLP) says in has entered into a new long-term frac sand purchase agreement with Halliburton (HAL) which increases the annual minimum committed volumes under previous agreements, extends the term through year-end 2018, and requires HAL to pay a specified price for a specified minimum volume of frac sand each month.

The new agreement also provides for further significant increases in annual volumes dependent on HAL's aggregate annual demand for northern white frac sand.

HCLP +0.6% AH.