Hi-Crush was formed by current management in 2010 to identify, evaluate, and develop raw frac sand for use in hydraulic fracturing operations for completing oil and natural gas wells. With an average of more than 20 years of experience investing in and operating businesses in the oil and natural gas and sand mining industries, our management team has gained valuable experience partnering with major oilfield services companies and exploration and production companies in the development of oil and natural gas reservoirs and developed strong relationships in the oilfield services industry. Recognizing the increasing demand for proppants as a result of rapidly evolving hydraulic fracturing techniques, we chose to leverage our expertise and relationships to capitalize on this increasing demand by developing raw frac sand reserves and facilities. We have significant experience in the design, construction and staffing for multiple sand mining and processing facilities. The expertise of our management and operations teams covers a wide range of disciplines, with an emphasis on development, construction and operation of frac sand processing facilities, frac sand supply chain management and consulting and bulk solids material handling.