HWR has been increasing utilization within its fleet, while maintaining ample capacity to organically expand operations into other basins. HWR is now staging vehicles to transfer and expand its presence in West Texas and Oklahoma to enter the Permian Basin and Mississippi Lime Shale areas to address the needs of its contracted customers. HWR began water transfer operations in the Permian Basin in the second quarter and expects to commence trucking and other operations by the end of the third quarter.To further expand its operations, the Company has signed a letter of intent to acquire a majority interest in a regional water treatment facility in the Marcellus Shale area. The plant includes a truck terminal and has a large precipitation and clarification system for treating flowback and produced water as well as drilling waters for reuse. The transaction is expected to close, subject to normal and customary closing conditions, before the fourth quarter of 2012.
Heckmann Corporation Announces Record Second Quarter 2012 Financial Results
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