Water solutions portfolio expands for Heckmann with acquisition

Sponsored by

PITTSBURGH, PA, June 21, 2011 -- Water solutions company Heckmann Corporation has acquired Consolidated Petroleum, a private full-service water pumping and delivery service company providing water transfer solutions to oil and gas customers engaged in hydraulic fracturing.

Primary operations for Consolidated Petroleum (CPI) are located in the Haynesville Shale and Eagle Ford Shale areas of South Texas and Louisiana. Heckmann's acquisition of CPI adds another key business growth driver for Heckmann Water Resources by broadening its service offering for the procurement and delivery of fresh water to well sites for use in the hydraulic fracturing process.

Through the transaction, Heckmann will acquire approximately 180 miles of portable poly and aluminum pipe that is used above ground for pumping and transporting water from streams, ponds and special holding areas, including the Company's frac tanks, to hydraulic fracturing wells. These assets will add further service capabilities to the Company's PVC fresh water pipeline currently under construction in the Haynesville Shale area. Other assets acquired include pumps, trucks, flatbed trailers, frac tank connections and real property. HWR will retain approximately 80 CPI employees.

Other terms of the transaction were not disclosed.

###

Sponsored by

TODAY'S HEADLINES

Global nanofiltration membrane market to reach $445.1M by 2019, study finds

According to a new report published by BCC Research, the global market for nanofiltration membranes is expected to grow to $445.1 million by 2019, with a five-year compound annual growth rate (CAGR) of 15.6 percent.

USGS scientists publish new papers on water resources information

USGS scientists have recently published two separate papers that provide national overviews of the status of USGS water resources information in the context of historical and technical developments in the last half-century.

CH2M HILL earns National Merit Awards for water, wastewater design-build projects

The Design-Build Institute of America has announced the recipients of its 2014 Project/Team Awards, of which two design-build projects from CH2M HILL received National Merit Awards in the Water/Wastewater category.

Study of Gulf Coast Deepwater spill site reveals key to tracking pollutants

Results from a new study of ocean circulation patterns at the site of the Deepwater Horizon oil spill have revealed the large role that small-scale ocean currents play in the spread of pollutants, providing new information to help predict movements of oil and other pollutants in the ocean.

FOLLOW US ON SOCIAL MEDIA