Yes, HEK is involved in fracking. Seems clear enough what they do? Simplistically, bring the water needed in, bring the fluid out. Agree though, hard to make a value case. Although, with the drought the price on a barrel water has risen.
Regardless, I do have a few shares I've had for awhile. ditch
10Q
"Our strategy is to provide an integrated and efficient complete water solution to our customers through a full suite of services which we have built and will continue to build through organic growth and acquisitions. HWR’s largest acquisition to date, Complete Vacuum and Rental, Inc., or CVR, was completed on November 30, 2010, and HWR completed several acquisitions during the first half of 2011, including fresh water and produced water transportation operations in the Haynesville, Marcellus and Eagle Ford Shale areas.
As a result of acquisitions and our organic growth, we now own and operate a fleet of approximately 450 trucks for water transportation and approximately 1,100 frac tanks. In addition, we have approximately 23 operating salt water disposal or underground injection wells in the Haynesville and Eagle Ford Shale areas which have a combined permitted salt water disposal capacity of approximately 368,000 barrels per day. We are also in various stages of acquiring, developing and permitting additional salt water disposal wells in our operating markets.
HWR also develops underground pipelines for the efficient delivery of fresh water and removal of produced water in the Haynesville Shale area in connection with fracking operations. On January 31, 2010, HWR completed a 50-mile water transport pipeline, which at design capacity could carry up to 100,000 barrels of water per day. The pipeline is supported by a network of deep injection disposal wells which we believe is not only an efficient solution for our customers, but also provides HWR with a strategic competitive position.
HWR has started construction on a pipeline expansion that will significantly increase its produced water disposal pipeline capacity in Louisiana. The expansion will supplement HWR’s 50-mile pipeline through the Haynesville Shale area with the addition of approximately 19 miles of significantly enlarged fiberglass pipe and increased pipeline capacity for salt water transportation and disposal. The existing 19-mile section of the eastern portion of the pipeline will be used to transport fresh water to current and new customers for shale well development. The additional capacity is required to support any future extension of the pipeline further east into the Haynesville Shale area to accommodate our growing customer base. The expansion will also enable the construction of additional truck terminals. This important combination of local trucking and pipeline facilities is being developed to provide customers with more convenient access to HWR’s disposal wells."
We also own approximately 180 miles of portable poly and aluminum pipe and associated pumps and other equipment that are used above ground for pumping and transporting water from streams, ponds and special holding areas, including our frac tanks, to hydraulic fracturing wells primarily utilized in the Haynesville and Eagle Ford Shale areas. We are currently expanding these services in other shale areas. These assets also enhance our service capabilities to our underground pipeline network in the Haynesville Shale area and are available to complement our current service offerings to our customers throughout all shale areas in which we operate.
Our HWR operations are impacted by certain seasonal factors. Generally, our business is negatively impacted during the winter months due to inclement weather, fewer daylight hours and holidays. During periods of heavy snow, ice or rain, we may not be able to move our trucks and equipment between locations, thereby reducing our ability to provide services and generate revenues.
During 2009, we acquired an approximately 7% equity interest in Underground Solutions, Inc. (UGSI.PK) (“UGSI”). We believe UGSI’s complement of patented flexible fusion pipeline products and fusion processes, technologies, and field know-how positions it as a leading and innovative pipeline products solution provider. UGSI provides infrastructure technologies for water, sewer and conduit applications."
yahoo profile
"Heckmann Corporation also has a joint venture with Energy Transfer Partners, L.P. to develop water pipeline infrastructure and treatment solutions for oil and gas producers in the Marcellus and Haynesville Shale fields, as well as in the states of New York, Pennsylvania, Ohio, West Virginia, Virginia, Tennessee, Kentucky, Texas, and Louisiana. In addition, it engages in fresh water and produced water transportation, and frac tank rental businesses" |
