Heckmann Corporation (HEK): The Dawn of a New Era in Oil-Field Services

One way it will further embed its services with these customers is through spending a planned $90 million-$110 million in capex this year. It has a variety of ways it can grow organically. For example, its relationship with Hess Corp. (NYSE:HES) originated in the Bakken and now Hess is expanding in the Utica where Heckmann Corporation (NYSE:HEK) has operations — this represents a potential synergistic expansion opportunity with a current customer. Another potential opportunity is in the emerging Niobrara in Colorado where Whiting Petroleum Corp (NYSE:WLL), Shell, and Chesapeake Energy Corporation (NYSE:CHK) have operations; it’s not a basin where Nuverra currently has operations. As you can see, there are many organic growth opportunities for Nuverra to expand its operations with both current and new customers.

Foolish bottom line
Despite several challenges on the horizon, Nuverra is emerging as one of the more interesting oil-field services companies because of its focus on the important environmental issues surrounding fracking. Nuverra’s comprehensive, solutions-based approach really opens the door for it to be a leading player in solving these environmental issues, which puts the company in a prime position to provide exceptional long-term returns for investors.

The article The Dawn of a New Era in Oil-Field Services originally appeared on Fool.com and is written by Matt DiLallo.

Motley Fool contributor Matt DiLallo owns shares of Heckmann and has the following options: Short Jun 2013 $4 Puts on Heckmann. The Motley Fool owns shares of Heckmann and has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, Short Jan 2014 $15 Puts on Chesapeake Energy, Long Jan 2014 $4 Calls on Heckmann, and Short Jan 2014 $3 Puts on Heckmann.

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