Nuverra Environmental Solutions Inc. (fka NESCQ)

[dealorfx]

Heckmann Corporation Announces Fourth Quarter and Full Year 2010 Financial Results
Four acquisitions slated to close within 30 days; one transaction recently completed:
Two of the transactions are fresh and produced water transportation companies in Pennsylvania that will be used as platforms for recycle and reuse technologies, supporting natural gas producers in the Marcellus Shale area.
Two of the transactions offer substantial expansion of fresh water and produced water transport, treatment and disposal assets and capacity in the Haynesville Shale and Barnett Shale areas, increasing the capabilities and capacity of Heckmann Water Resources, or HWR.
The transaction already completed facilitates the expansion of the Company’s transport and disposal capabilities in the Eagle Ford Shale area.
Company raises guidance for full year 2011 revenues by 50%, doubles guidance for 2011 EBITDA.
Company expects first quarter 2011 revenue of $23 million, up 64% quarter-over-quarter and nearly triple year-over-year.
Expansion in the Eagle Ford Shale and Barnett Shale areas to begin generating revenues during the second quarter of 2011.