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Blue Chip Growth

Stock Report: () Report Updated: Jul 28, 2014 | Print This Page

Get more stock ratings by Louis Navellier

(HEK)

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Company Profile

Heckmann Corporation operates as a services-based company focused on total water and wastewater solutions for shale or unconventional oil and gas exploration and production. The company offers water delivery and disposal, trucking, fluids handling, treatment, temporary and permanent pipeline facilities, and water infrastructure services for oil and gas exploration and production companies. It operates multi-modal water disposal, treatment, trucking, and pipeline transportation operations in select shale areas in the United States, including the Eagle Ford, Haynesville, Marcellus, Utica, Barnett, and Tuscaloosa Marine Shale areas. The company also transports fresh water for production; and provides services for site preparation, water pit excavations, and remediation. It serves customers seeking fresh water acquisition, temporary water transmission and storage, transportation, treatment or disposal of fresh water, and complex water flows, such as flowback and produced brine water in connection with shale oil and gas hydraulic fracturing drilling operations. In addition, the company has a joint venture with Energy Transfer Partners, L.P. to develop water pipeline infrastructure and treatment solutions for oil and gas producers in the Marcellus Shale area in Pennsylvania, and in the Haynesville Shale areas in Louisiana and Texas; and holds a 7% equity interest in Underground Solutions, Inc., which provides water infrastructure solutions and pipelines. It owns and operates a fleet of approximately 600 trucks for water transportation and approximately 1,100 frac tanks. Heckmann Corporation was founded in 2007 and is headquartered in Coraopolis, Pennsylvania.

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