Atlas Energy Solutions completed the acquisition of Permian Basin proppant production assets and North American logistics operations from Clearlake-backed Hi-Crush for $450m.

Atlas Energy Solutions, an oil and gas company, completed the acquisition of Permian Basin proppant production assets and North American logistics operations from Clearlake-backed Hi-Crush, an oil and gas company, for $450m. "We are thrilled to complete this acquisition, which brings two of the leading innovators in the proppant and proppant logistics spaces together, creating a clear industry leader. We believe this combination will accelerate efficiency gains for our combined customer base and will contribute to drive the ongoing transformation of the Permian Basin from a traditional oilfield to a more sustainable state-of-the-art energy manufacturing center on the ground," Bud Brigham, Atlas Energy Executive Chairman and CEO.