Heckmann Corporation Announces Proposed Closing Date of Merger with Power Fuels

  Heckmann Corporation Announces Proposed Closing Date of Merger with Power
  Fuels

Business Wire

SCOTTSDALE, Ariz. -- November 21, 2012

Heckmann Corporation (NYSE: HEK) (“Heckmann”) today announced that it has
received all necessary consents and approvals in connection with the Badlands
Power Fuels, LLC (“Power Fuels”) merger (the “Merger”). The Merger is expected
to close on November 30, 2012.

On the closing date, Heckmann will apply the proceeds of its $150.0 million
bond offering, which closed on November 5, 2012, to pay a portion of the
Merger consideration and related fees and expenses. The bonds are currently
being held in escrow pending the closing of the Merger. In addition, Heckmann
plans to simultaneously close the previously announced $325 million amended
revolving credit facility. Heckmann plans on drawing approximately $147
million on the facility to fund the remaining balance of the cash requirements
in connection with the Merger.

About Heckmann Corporation

Heckmann Corporation (HEK) is an environmental services company. Heckmann is
dedicated to the movement, treatment and disposal of water generated by energy
companies involved in the discovery and production of oil, natural gas liquids
and natural gas. Heckmann is also a one-stop-shop for collection and recycling
services for oily waste products, including used motor oil, oily wastewater,
spent antifreeze, used oil filters and parts washers. Heckmann is building a
national footprint across its environmental service offerings and has more
than 1,500 employees and operates in more than 55 locations in the United
States.

About Power Fuels

Badlands Power Fuels, LLC, d/b/a Power Fuels, is a privately held North
Dakota-based environmental services company providing water delivery and
disposal, fluids transportation and handling, water sales and related
equipment rental services for shale, or “unconventional,” oil and gas
exploration and production businesses. Power Fuels is the largest
environmental services company in the Bakken Shale area in North Dakota, a
premier U.S. unconventional shale oil basin. Power Fuels also provides rental
equipment and operates 19 saltwater disposal wells. Through its network of
seven district offices and roughly 1,100 employees, Power Fuels serves the
leading oil and natural gas exploration and production companies and energy
marketing companies in its markets under the “Power Fuels,” “Badlands Power
Fuels” and “Landtech” brands. Power Fuels' sales have increased from
approximately $34.0 million for the fiscal year ended December 31, 2007 to
approximately $364.0 million, on a pro forma basis, for the 12-month period
ended June 30, 2012, representing a 70% compound annual growth rate during the
period.

Forward Looking Statements

This press release contains “forward-looking statements” within the meaning of
the safe harbor provisions of the United States Private Securities Litigation
Reform Act of 1995. Words such as “expect,” “estimate,” “project,” “budget,”
“forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar expressions are
intended to identify such forward-looking statements. Forward-looking
statements may involve known and unknown risks, uncertainties and other
factors that may cause results, levels of activity, performance or
achievements to differ materially from results expressed or implied by this
press release. Such risk factors include, among others: difficulties
encountered in acquiring and integrating businesses, including Power Fuels;
whether certain markets grow as anticipated; and the competitive and
regulatory environment. Additional risks and uncertainties are set forth in
Heckmann’s Annual Report on Form 10-K for the fiscal year ended December 31,
2011, the Current Report on Form 8-K filed by Heckmann on April 10, 2012, as
well as Heckmann’s other reports filed with the United States Securities and
Exchange Commission, all of which are available at http://www.sec.gov/ and on
Heckmann’s website at http://heckmanncorp.com/. You are cautioned not to place
undue reliance on these forward-looking statements, which speak only as of the
date of this presentation. All forward-looking statements are qualified in
their entirety by this cautionary statement. Heckmann undertakes no obligation
to publicly update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.

Contact:

Investor Relations:
The Piacente Group, Inc.
Brandi Piacente, +1 212-481-2050
heckmann@tpg-ir.com