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Nuverra Environmental Solutions, Inc. Contracts With Halliburton On H20 ForwardSM Water Treatment & Recycle Initiative

Stocks in this article: NES

Nuverra Environmental Solutions, Inc. (NYSE: NES) (“Nuverra”) today announced that it has entered into an agreement with Halliburton (NYSE: HAL) to advance the treatment and recycling of produced water to be re-used in the hydraulic fracturing process.

“We are excited about this new agreement with Halliburton. Maximizing the treatment and recycling of water used in hydraulic fracturing is a key initiative for the industry and an area of strategic focus for our company as we expand our environmental treatment and recycling solutions,” said Mark D. Johnsrud, Nuverra’s Chief Executive Officer.

“We will be working closely with Halliburton in the Bakken Shale to utilize their H20 Forward SM Service for water re-use and recycling. We believe this agreement will further expand our full-cycle, closed-loop environmental solutions package. Halliburton is one of the world’s leading technology providers to the oil and gas industry, and we are honored to be in agreement in this water treatment and recycling initiative,” said Johnsrud.

H20 Forward SM Service allows customers to recycle waste streams of produced water for use in well completions. The service formulates stable fracture fluids that have the ability to work with any waste stream, including water containing total dissolved solids with values as high as 285,000 parts per million, for use in hydraulic fracturing operations.

To date, Halliburton has completed more than 60 wells and 280 fracturing stages in the Permian and Bakken using the H20 Forward SM Service, which significantly reduces the amount of fresh water required in hydraulic fracturing.

“Our goal is to help the industry use less fresh water. We have advanced the technology but understand that logistics remains a challenge. By working with Nuverra, we are confident we can help reduce the fresh water used for any customer with net economic and environmental benefits under the H20 Forward initiative,” said Walter Dale, Halliburton’s Strategic Global Business Manager for Water Solutions.

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