This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Heckmann Corporation Announces First Quarter 2012 Financial Results

Stocks in this article: HEK

“With the addition of Heckmann Environmental Services (formerly TFI), we now offer a range of recycle and reuse options for the generators of used motor oil, oily water, antifreeze and other regulated liquids. The Heckmann executive team has extensive experience in this industry, as well as in our core operating areas in unconventional oil and gas basins. Not only are there tremendous growth opportunities, but we also see the environmental needs of the oil and gas producers extending well beyond water. TFI and its management team specialize in route-based environmental services, and we intend to leverage our collective experience to further expand our environmental service offerings in the basins in which we operate. We will continue to add capabilities enabling us to be a single-source provider of water and environmental services for diversified generators across a number of key and growing segments of the economy.”

Operational Update

Heckmann Water Resources (HWR) operates both produced water and fresh water pipelines for the shale gas producers in Louisiana and Texas. HWR transports, stores, processes and disposes environmentally regulated water throughout Texas, Louisiana, Mississippi, Oklahoma, Pennsylvania, West Virginia and Ohio. HWR provides water transfer services in Louisiana, Texas, Pennsylvania and Ohio.

In the first quarter of 2012, the HWR water business provided steady growth through a combination of securing long-term contracts and volume commitments in the gas basins and significant growth in the oil and liquid-rich basins. During the first quarter, HWR initiated work under a three-year contract with Shell to serve a significant portion of their water transport needs in the Eagle Ford, Haynesville and Marcellus/Utica basins. HWR also received additional produced water volume commitments from Chevron and Chesapeake in the routes where HWR can provide optimum water transport efficiency. These commitments and long-term contracts secure the majority of HWR’s produced water volumes in the gas basins and have provided the HWR business with steady operations in these basins despite the reduction in drilling and completions.

2 of 6

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!

Markets

DOW 17,959.44 +154.64 0.87%
S&P 500 2,078.54 +7.89 0.38%
NASDAQ 4,781.4240 +16.0440 0.34%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs