Heckmann Corporation Acquires Majority Interest in Appalachian Water Services

abarrelfullabarrelfull wrote on 12 Sep 2012 12:12
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Heckmann Corporation (NYSE: HEK), today announced that it has completed the acquisition of a majority interest in Appalachian Water Services, LLC (“AWS”). AWS will operate as an integral part of Heckmann’s fluid management solutions strategy. Terms of the transaction were not disclosed.

AWS currently owns and operates a state-of-the-art wastewater treatment recycling facility specifically designed to treat and recycle water involved in the hydraulic fracturing process in the Marcellus Shale area. The facility began operations in 2010. Located in Fayette County, the plant is in a central location for many of Heckmann’s clients and within close proximity to Greene, Washington and Westmoreland counties. HWR is the managing member of AWS and will conduct the day-to-day operations at the treatment facility.

“The AWS facility is an integral component of our fluid management strategy. This addition expands our operations in the southern Marcellus Shale area with new environmentally friendly recycling options for our clients that complement our freshwater transfer, water transportation and disposal services,” said John T. Lucey, Jr., Executive Vice President, Business Development and Engineering, “We are confident that we can quickly leverage our client base to increase facility throughput. In addition we are expanding the AWS treatment capability and will develop bundled offerings including transportation and recycle services that will provide lower-cost fluid management options for our clients.”

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