Nuverra Environmental Solutions, Inc. Contracts with Halliburton on H20
ForwardSM Water Treatment & Recycle Initiative
SCOTTSDALE, Ariz. -- July 15, 2013
Nuverra Environmental Solutions, Inc. (NYSE: NES) (“Nuverra”) today announced
that it has entered into an agreement with Halliburton (NYSE: HAL) to advance
the treatment and recycling of produced water to be re-used in the hydraulic
“We are excited about this new agreement with Halliburton. Maximizing the
treatment and recycling of water used in hydraulic fracturing is a key
initiative for the industry and an area of strategic focus for our company as
we expand our environmental treatment and recycling solutions,” said Mark D.
Johnsrud, Nuverra’s Chief Executive Officer.
“We will be working closely with Halliburton in the Bakken Shale to utilize
their H20 Forward^SM Service for water re-use and recycling. We believe this
agreement will further expand our full-cycle, closed-loop environmental
solutions package. Halliburton is one of the world’s leading technology
providers to the oil and gas industry, and we are honored to be in agreement
in this water treatment and recycling initiative,” said Johnsrud.
H20 Forward^SM Service allows customers to recycle waste streams of produced
water for use in well completions. The service formulates stable fracture
fluids that have the ability to work with any waste stream, including water
containing total dissolved solids with values as high as 285,000 parts per
million, for use in hydraulic fracturing operations.
To date, Halliburton has completed more than 60 wells and 280 fracturing
stages in the Permian and Bakken using the H20 Forward^SM Service, which
significantly reduces the amount of fresh water required in hydraulic
“Our goal is to help the industry use less fresh water. We have advanced the
technology but understand that logistics remains a challenge. By working with
Nuverra, we are confident we can help reduce the fresh water used for any
customer with net economic and environmental benefits under the H20 Forward
initiative,” said Walter Dale, Halliburton’s Strategic Global Business Manager
for Water Solutions.
Nuverra and Halliburton will work together in the Bakken Shale area to offer
the H20 Forward^SM Service to exploration and production companies. For
hydraulic fracturing operations conducted by Halliburton using the H20
Forward^SM Service, Nuverra will provide the logistics, transportation,
storage, and overall fluid management.
About Nuverra Environmental Solutions, Inc.
Nuverra is an environmental solutions company. The Company is one of the
largest companies inthe United States dedicated to providing comprehensive
and full-cycle environmental solutions to our customers in energy and
industrial end-markets. Nuverra focuses on the delivery, collection,
treatment, recycling, and disposal of restricted solids, water, waste water,
used motor oil, spent antifreeze, waste fluids and hydrocarbons. The Company
continues to expand its suite of environmentally compliant and sustainable
solutions to a collection of customers that demand stricter environmental
compliance and accountability from their service providers.
Interested parties can access additional information about Nuverra on the
Company's web site at http://www.nuverra.com, and in documents filed with the
United States Securities and Exchange Commission, on the SEC's web site at
Founded in 1919, Halliburton is one of the world’s largest providers of
products and services to the energy industry. With more than 72,000 employees,
representing more than 140 nationalities in approximately 80 countries, the
company serves the upstream oil and gas industry throughout the lifecycle of
the reservoir – from locating hydrocarbons and managing geological data, to
drilling and formation evaluation, well construction and completion, and
optimizing production through the life of the field. Visit the company’s
website at www.halliburton.com.
This press release may contain "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 in the press release include, without limitation
forecasts of growth, revenues, adjusted EBITDA and pipeline expansion, and
other matters that 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 Thermo Fluids
Inc. and Badlands Power Fuels, LLC; whether certain markets grow as
anticipated; and the competitive and regulatory environment. Additional risks
and uncertainties are set forth in the Company's Annual Report on Form 10-K
for the fiscal year ended December 31, 2012, the Current Report on Form 8-K
filed on April 10, 2012, the Current Report on Form 8-K/A filed on February
11, 2013, as well as the Company's other reports filed with the United States
Securities and Exchange Commission, including the Company’s Proxy Statement
filed on October 9, 2012, and are available at http://www.sec.gov/ as well as
the Company's web site at http://nuverra.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. The Company undertakes no
obligation to publicly update or revise any forward-looking statements,
whether as a result of new information, future events or otherwise.
The Piacente Group, Inc.
Brandi Piacente, +1-212-481-2050
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