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Tuesday, February 22, 2011

For Investors: HEK

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Updates

February 22, 2011: Heckmann buys PowerFuels out of Watford City

Original Post

I was looking for something else and ran across this: HEK.

Heckmann Corporation as profiled in Minyanville.

According to the company's profile at its website:
Heckman Corporation was created to buy and build companies in the water sector. On January 30, 2010, we completed our 50-mile water disposal pipeline in the Haynesville Shale which can treat and dispose up to 100,000 barrels of water per day. The new pipeline and our network of disposal wells are operated as wholly-owned subsidiary, Heckmann Water Resources Corporation. The completion of the pipeline makes us one of the largest handlers of produced water in North America. On February 9, 2010, we announced our joint venture with Energy Transfer to provide turnkey water infrastructure, gathering and treatment solutions for complicated water flows in the Marcellus and Haynesville oil and natural gas fields. 
To the best of my knowledge HEK is not yet in the North Dakota Bakken.