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Wednesday, March 13, 2013

Heckmann --> Nuverra Environmental Solutions

Heckmann soon to become Nuverra Environmental Solutions:
Heckmann Corporation, one of the largest companies in the United States dedicated to the removal, treatment, recycling, transportation and disposal of restricted solids, fluids and hydrocarbons - today announced that it will unite its individual business units under a single new brand. Heckmann Corporation - together with Heckmann Water Resources, Power Fuels and Thermo Fluids - will become "Nuverra Environmental Solutions."
Jim Cramer on Heckmann, including an interview with the Executive Chairman of Heckmann.
  • 2013 should be better than 2012
  • lots of optimism this year
  • rig count: wrong metric to follow (the MDW has said this for quite some time); the better metric: production
  • Bakken production up 30%; during same period rig count flat 
  • drilling technology "light years" of improvement in the past three years
  • 30 to 40% more drilling with same number of wells
  • four years ago, Heckmann-type business did not exist; recycling frack water
  • Four years ago: $15 million in sales with 30 employees; now: $800 million in sales with 3,000 employees
  • if California wants to fix its fiscal problems, all it has to do is open up E & P
  • energy independence is the future; by the end of this decade; we will NOT be importing oil from the Middle East by the end of this decade
Video link sent to me by Kent. Thank you.

For media interest only. No recommendations implied.

Disclaimer: this is not an investment site. Do not make any investment decisions on what you read, or think you read, at this site. 

Speaking of water: http://www.youtube.com/watch_popup?v=f309fSTWYo4

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