Nuverra Environmental Solutions, Inc.

Nuverra Environmental Solutions, Inc.

Nuverra Environmental Solutions, Inc.

Overview
Date Founded

2007

Headquarters

14624 North Scottsdale Road,Suite 300,Scottsdale, AZ 85254

Type of Company

Public

Employees (Worldwide)

791

Industries

Waste Management & Recycling
Power & Utilities

Company Description

Nuverra Environmental Solutions, Inc. engages in the provision of environmental solutions to customers focused on the exploration, development, and ongoing production of oil and natural gas from shale formations. It operates through the following segments: Northeast Division, Southern Division, Rocky Mountain Division, and Corporate or Other. The Northeast Division segment comprises of Marcellus and Utica Shale areas. The Southern Division segment consists of Haynesville and Eagle Ford Shale areas. The Rocky Mountain Division segment includes Bakken Shale area. The Corporate or Other offers corporate costs and losses from discontinued operations, as well as assets held for sale and corporate assets. The company was founded on May 29, 2007 and is headquartered in Scottsdale, AZ.

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Contact Data
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Executives & Employees

Chairman of the Board & Interim Chief Executive Officer

President & Chief Operating Officer

Executive Vice President & Chief Financial Officer

Vice President & Chief Information Officer

Executive Vice President, Chief Legal Officer & Secretary

Vice President, Corporate Controller & Chief Accounting Officer

Chief Restructuring Officer

Vice President & Treasurer

Vice President of Business Development

Controller

Board of Directors

Chairman of the Board & Interim Chief Executive Officer at Nuverra Environmental Solutions, Inc.

Chairman & Chief Executive Officer at Sherwood Energy LLC

Chief Investment Officer & Managing Director at Ascribe Capital LLC

Chief Financial Officer at Tercel Oilfield Products Ltd.

Former Senior Vice President-Sales at Rotorcraft Leasing Co. LLC

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Owners & Shareholders
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Gates Capital Management makes fund investments based on cash flow generation, focusing on event-driven equities and debt. Event-driven securities include equities and debt created through spin-offs and financial restructurings. Debt investments tend to be larger issues that are more senior in the capital structure with low equity risk. The firm seeks to buy securities which trade at a significant discount to their intrinsic value and to short securities that trade well above their intrinsic value. Gates Capital invests in situations where a reason for a valuation discrepancy is identified and deemed temporary. Gates Capital utilizes risk management tools to preserve assets in volatile markets. The risk management tools employed include liquidity requirements, limits on leverage and portfolio concentration, and use of options to protect positions.

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Phoenix Investment Adviser pursues value-based, stressed credit and equity strategies by utilizing a research-intensive investment methodology that analyzes the value and viability of the underlying assets, the obligations of those assets and certain event dynamics. The strategies of the funds offered by Phoenix fall into three distinct but similar categories: a stressed credit strategy, a long/short credit strategy and a stressed equity strategy. Phoenix's stressed credit strategy focuses on deeply discounted, out-of-favor cash paying bonds of high yield companies. Phoenix believes that the type of bonds in this strategy offer an attractive risk return profile, while generating a high coupon income. Such securities may be found in the stressed or distressed high yield bond market, bank loan market, trade claims market, accounts receivable market, or the convertible preferred or equity markets. The firm's long/short credit strategy focuses mainly on senior and secured bonds and loans of mid-cap leveraged US companies while attempting to provide downside protection. This strategy seeks to generate alpha through credit selection both long and short. The strategy focuses on credits that generate high current income and are generally in the senior part of the capital structure. At the same time, the strategy strives to preserve investor capital through hedging processes. The various hedging strategies include: short sales of bonds, convertible securities, equities, and ETFs; capital structure arbitrage; and the use of derivatives, including options and credit default swaps.When investing in stressed equities, Phoenix takes a value-based approach which they believe is a natural extension of their credit research process. They seek value-based equity opportunities that have been overlooked by other investors and are fundamentally mispriced. Many of the strategy’s investments involve companies with highly-levered balance sheets, are suffering from (usually temporary) industry downturns, have recently emerged from bankruptcy, or are in low growth or out-of-favor industries.

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Benchmark Capital Advisors (BCA) manages accounts on a discretionary or a non-discretionary basis and assets may be invested in: equity securities including exchange-listed securities, securities traded over-the-counter and foreign issuers; warrants; corporate debt securities; commercial paper; certificates of deposit; municipal securities; mutual fund shares; US government securities; options contracts in securities; and interests in partnerships investing in real estate and oil and gas interests. The firm actively manages municipal and corporate fixed-income portfolios for institutions and high net-worth individuals. The firm structures all portfolios concentrating on credit risk, duration, liquidity and maximization of total return on an after-tax basis. When consistent with the client's stated investment objectives and risk tolerance, need for liquidity and other suitability factors, the firm may also select private offerings and/or limited investment partnerships, such as hedge funds and other pooled investment partnerships for a client account.

Recent Transactions
Details Hidden

Clean Harbors, Inc., Safety-Kleen, Inc. purchase Thermo Fluids, Inc. from Nuverra Environmental Solutions, Inc.

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Nuverra Environmental Solutions, Inc. purchases Ideal Oilfield Disposal LLC

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Nuverra Environmental Solutions, Inc. purchases Badlands Energy LLC

Insider Transactions
Transaction Advisors
Investment Advisor

Advised onNuverra Environmental Solutions, Inc. purchases China Water & Drinks, Inc.

Legal Advisor

Advised onNuverra Environmental Solutions, Inc. purchases China Water & Drinks, Inc.

Legal Advisor

Advised onNuverra Environmental Solutions, Inc. purchases Badlands Energy LLC

Legal Advisor

Advised onNuverra Environmental Solutions, Inc. purchases Badlands Energy LLC

Legal Advisor

Advised onNuverra Environmental Solutions, Inc. purchases Badlands Energy LLC

Lead Manager

Advised onNuverra Environmental Solutions, Inc. issued Common Stock

Advisors & Consultants
Legal Advisor

Co-Managing Partner at DLA Piper

Advisor

Chief Financial Officer & Executive Vice President at Underground Solutions, Inc.

Advisor

Chief Executive Officer at Hillstone Environmental Partners LLC

Clients

Hess Corp is a global exploration and production company which engages in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids, and natural gas with production operations. It operates through the following segments: Exploration and Production; Midstream; and Corporate, Interest, and Other. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas. The Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. The Corporate, Internet, and Other segment refers to unallocated costs. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.

Continental Resources is a Top 10 petroleum liquids producer in the United States and the largest leaseholder in the nation’s premier oil play, the Bakken Play of North Dakota and Montana. Based in Oklahoma City, the company also has a leading presence in the Anadarko Woodford Play of Oklahoma and the Red River Units Play of North Dakota, South Dakota and Montana. Founded in 1967, Continental’s growth strategy has focused on crude oil since the 1980s. The company reported total revenues of $1.6 billion for 2011 and is on track to triple production and proved reserves from 2009 to 2014.

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

Key Stats and Financials As of 2017
Market Capitalization
$127M
Total Enterprise Value
$245M
Earnings Per Share
$10.32
Revenue
$176M
Net Profit
$121M
EBITDA
$517K
EBITDAMargin
0.29%
Total Debt
$39M
Total Equity
$243M
Enterprise Value Sales
1.39x
Enterprise Value EBITDAOperating
473.68x
TEVNet Income
2.03x
Debt TEV
0.16x
Three Year Compounded Annual Growth Rate Of Revenue
-31.01%
Five Year Compounded Annual Growth Rate Of Revenue
-12.94%
Competitors
Clean Harbors, Inc. Waste Management & Recycling - Norwell, MA

Clean Harbors is the leading provider of environmental, energy and industrial services throughout North America. The Company serves a diverse customer base, including a majority of the Fortune 500 companies, thousands of smaller private entities and numerous federal, state, provincial and local governmental agencies. Through its Safety-Kleen subsidiary, Clean Harbors also is a premier provider of used oil recycling and re-refining, parts washers and environmental services for the small quantity generator market. Within Clean Harbors Environmental Services, the Company offers Technical Services and Field Services. Technical Services provide a broad range of hazardous material management and disposal services including the collection, packaging, transportation, recycling, treatment and disposal of hazardous and non-hazardous waste. Field Services provide a wide variety of environmental cleanup services on customer sites or other locations on a scheduled or emergency response basis. Within Clean Harbors Energy and Industrial Services, the Company offers Industrial Services and Oil & Gas Field Services. Industrial Services provide industrial and specialty services, such as high-pressure and chemical cleaning, catalyst handling, decoking, material processing and industrial lodging services to refineries, chemical plants, pulp and paper mills, and other industrial facilities. Oil & Gas Field Services provide exploration, surface rentals, solids control, and environmental services to the energy sector serving oil and gas exploration, production, and power generation. Clean Harbors' Safety-Kleen subsidiary is a leading North American used oil recycling and re-refining, parts washers and environmental solutions company for small quantity waste generators supported by the largest re-refining capabilities to convert used oil into base and blended lube oils. Safety-Kleen provides a broad set of environmentally-responsible products and services that keep businesses in balance with the environment. Headquartered in Norwell, Massachusetts, Clean Harbors has waste disposal facilities and service locations throughout the United States and Canada, as well as Mexico and Puerto Rico

Tallgrass Energy GP LP Oil & Gas - Leawood, KS

Tallgrass Energy GP LP is a development stage company, which owns, operates, acquires, and develops midstream energy assets in North America. It operates through following segments: Natural Gas Transportation, Crude Oil Transportation and Gathering, Processing & Terminalling. The Natural Gas Transportation segment owns and operates FERC-regulated interstate natural gas pipelines and integrated natural gas storage facilities. The Crude Oil Transportation segment owns and operates crude oil pipeline system. The Gathering, Processing & Terminalling segment engages in the ownership and operation of natural gas gathering and processing facilities that produce NGLs.The company was founded in February 2015 and is headquartered in Leawood, KS.

Pioneer Energy Services Corp. Oil & Gas - Dallas, TX

Pioneer Energy Services Corp. engages in the provision of land-based drilling services and production services to oil and gas exploration and production companies. It operates through the Drilling Services and Production Services segments. The Drilling Services segment offers contract land drilling services to exploration production companies through drilling divisions in the U.S. and Colombia. The Production Services segment offers well servicing, wireline, and coiled tubing services. The company was founded in 1968 and is headquartered in San Antonio, TX.