- Hi-Crush Partners (NYSE:HCLP) says in has entered into a new long-term frac sand purchase agreement with Halliburton (NYSE: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.