Update March 2024: Hi-Crush was previously known for its frac sand production, advanced wellsite storage, and last-mile logistics services. It was
acquired by
Atlas Energy Solutions Inc. (AESI) in March 2024, creating the largest proppant producer in North America.
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Hi-Crush specializes in monocrystalline sand, a type of proppant used to maintain the flow of oil and natural gas from wells during hydraulic fracturing.
- Hi-Crush Partners IPO rises after price cut
- Producer of sand for hydraulic fracturing gains 18%
Hi-Crush Partners L.P. (HCLP, $20.00, +$3.00, +17.65%) stock gained on its first day as a public company Thursday. The producer of premium monocrystalline sand which is used to improve the recovery of oil and gas during hydraulic fracturing drilling had opened at $17, flat with its initial public offering price.
Its offering is faring better than a similar deal for frac sand producer U.S. Silica Holdings Inc. (SLCA, $12.92, +$1.10, +9.31%), which declined nearly 6% on its debut in February and was recently trading below its IPO price of $17 a share.
