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Profile: Nuverra Environmental Solutions Inc (NES)

NES on American Stock Exchange

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13 Dec 2017
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Nuverra Environmental Solutions, Inc. (Nuverra), incorporated on May 29, 2007, provides environmental solutions to customers focused on the development and production of oil and natural gas from shale formations. The Company's environmental solutions include delivery, collection, treatment, recycling, disposal of water, wastewater, waste fluids, hydrocarbons, and restricted solids that are part of the drilling, completion, and production of shale oil and natural gas. The Company's segments are the Northeast division, which comprises the Marcellus and Utica Shale areas; the Southern division, which comprises the Haynesville, Eagle Ford and Permian Basin Shale areas, and the Rocky Mountain division, which comprises the Bakken Shale area.

The Company operates in shale basins where customer exploration and production (E&P) activities are focused on shale oil and natural gas. The oil shale areas include its operations in the Bakken, Eagle Ford and Permian Basin Shale areas. The natural gas shale areas include its operations in the Marcellus, Utica, Haynesville Shale areas. The Company offers services, including fluid logistics, including through water procurement, delivery, collection, storage, treatment, recycling and disposal; solid waste collection, treatment, recycling and disposal; temporary and permanent pipeline facilities and water infrastructure services; equipment rental services, and other ancillary services for E&P companies focused on the extraction of oil and natural gas resources from shale formations.

As part of the Company's environmental solution for water and water-related services, Nuverra serves E&P customers seeking fresh water acquisition, temporary or permanent water transmission and storage, transportation, treatment or disposal of fresh flowback and produced water in connection with shale oil and natural gas hydraulic fracturing operations. The Company also provides services for water pit excavations, well site preparation and well site remediation. The Company owns a 50-mile underground pipeline network in the Haynesville Shale area for the delivery of fresh water and removal of produced water, a fleet of over 850 trucks for delivery and collection, and approximately 5,400 storage tanks. The Company also owns or leases over 50 operating saltwater disposal wells in the Bakken, Marcellus/Utica, Haynesville and Eagle Ford Shale areas.

The Company, as part of its environmental solution for solid waste, owns an oilfield solids disposal landfill in the Bakken Shale area. The landfill is located on a 60-acre site with permitted capacity of over 1.7 million cubic yards of airspace. The Company has its solids processing and recycling facility at the landfill site in North Dakota. Nuverra's process for treating and recycling wet cuttings is named Terrafficient, and is provided at the facility in North Dakota. Terrafficient enables E&P operators to recycle and re-use drill cuttings, bypassing the need for wellsite cuttings pits or special-purpose landfills. The product resulting from the Terrafficient process is intended for re-use in a range of industrial settings, including road base, general fill and flowable fill for well pads and other commercial applications.

The Company's Bakken and underlying Three Forks formations are the two primary reservoirs being developed in the Williston Basin, which cover most of western North Dakota, eastern Montana, northwest South Dakota and southern Saskatchewan. The Bakken formation occupies approximately 200,000 square miles of the subsurface of the Williston Basin in Montana, North Dakota and Saskatchewan. The Three Forks formation lies directly below North Dakota's portion of the Bakken formation, where oil-producing rock is located between layers of shale approximately two miles underground. The Marcellus Shale area is located in the Appalachian Basin in the Northeastern United States, primarily in Pennsylvania, West Virginia, New York and Ohio. Adjacent to the Marcellus Shale is the Utica Shale, which is located primarily in southwestern Pennsylvania and eastern Ohio, which in the early stages of development. The Utica Shale play has three identified areas: oil, condensate and dry gas. The Haynesville Shale area is located across northwest Louisiana and east Texas, and extends into Arkansas. The Eagle Ford Shale area is a gas and oil play located across southern Texas. The play contains a high liquid component, which has led to the definition of three areas: oil, condensate and dry gas.

The Company competes with Basic Energy Services, Inc., Superior Energy Services, Inc., Forbes Energy Services, Inc., Key Energy Services, Inc., Nabors Industries Ltd., Republic Services, Stallion Oilfield Services, Ltd., Waste Connections, Inc., Waste Management and Clean Harbors, Inc.

Company Address

Nuverra Environmental Solutions Inc

14624 N Scottsdale Rd Ste 300
SCOTTSDALE   AZ   85254-2758
P: +1602.9037802
F: +1602.9037806

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