Heckmann Corporation (NYSE: HEK) today announced financial results for the full year and fourth quarter ended December 31, 2011. 1 For 2011, the Company reported record revenues of $156.8 million, adjusted EBITDA of $28.6 million and a net loss from continuing operations of $(0.1) million. The Company indicated that its fourth quarter 2011 results were negatively impacted by unusual or non-recurring losses and expenses totaling $12.3 million, including: approximately $4.1 million related to the impact of the significant slowdown in the Haynesville Shale area including the relocation of personnel, equipment and temporary costs related to the change in business conditions in the dry gas industry; $2.5 million for additions to the bad debt reserve in anticipation of collection issues related to the overall industry slowdown; $2.1 million for start-up and commissioning of the Company’s fiberglass pipeline; $1.4 million for integration and transaction-related costs, including the installation of a financial and accounting system, implementation of a comprehensive safety and compliance program, consolidation of branch operations and liquefied natural gas (“LNG”) fleet expansion; $1.1 million for final legal costs related to the divestiture of China Water & Drinks, Inc.; and $1.1 million related to the start-up of new key long-term contracts, primarily in the Marcellus Shale area. “Where our customers deploy their resources impacts our strategic asset allocation,” said Mr Richard J. Heckmann, Chairman and Chief Executive Officer of Heckmann Corporation. “In line with the industry’s transition away from dry gas activity, we began moving a significant portion of our assets from Haynesville into the Eagle Ford, Marcellus/Utica and Permian Basin Shale areas. Although this repositioning was based on changing natural gas market conditions, the related effect on asset utilization negatively affected our bottom line during the fourth quarter. Our expected revenue growth in the first quarter of 2012 is an indication that we have successfully navigated our Company through the turmoil. We are taking advantage of the growing oil and wet gas hydrofracking opportunities with new and existing customers, and by the end of the first quarter we will have completed the reallocation of our mobile assets and employees.