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

OCWD acquires turf removal rebate for water conservation amid drought

Amid ongoing drought in California, the Orange County Water District is striving to use water more efficiently and is exploring opportunities to increase water conservation.

MA public water systems earn prestigious awards for superior performance

The Massachusetts Department of Environmental Protection announced that the City of Gloucester, City of Lynn and Town of Sturbridge public water systems have received awards for recent achievements and superior performance in 2014.

ACE15: Professional sessions to encompass Total Water Solutions

In preparation of its Annual Conference & Exposition, American Water Works Association and its local section partner, the California-Nevada Section, have compiled a professional program focusing on Total Water Solutions to address the changing needs of the global water community.

ADS receives 'Above and Beyond' award from Ohio National Guard

The Ohio Employer Support of the Guard and Reserve recently announced that it has awarded its 'Above and Beyond' award to Advanced Drainage Systems.

FOLLOW US ON SOCIAL MEDIA

  

 


© 2015. PennWell Corporation. All Rights Reserved. PRIVACY POLICY | TERMS AND CONDITIONS