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)

799

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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Executives & Employees

Chairman & Chief Executive 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

Vice President-Investor Relations & Communications

Controller

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Board of Directors

Chairman & Chief Executive Officer at Nuverra Environmental Solutions, Inc.

President & Chief Executive Officer at GeoMet, Inc.

Chief Financial Officer at Tercel Oilfield Products Ltd.

Member, Board of Directors at Nuverra Environmental Solutions, Inc.

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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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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.

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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.

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Recent Transactions
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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

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Insider Transactions
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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

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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

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Advisors & Consultants
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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

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Key Stats and Financials As of 2016
Market Capitalization
$228M
Total Enterprise Value
Earnings Per Share
$-1.84
Total Debt
$472M
Total Equity
$-169M
Three Year Compounded Annual Growth Rate Of Revenue
-33.85%
Five Year Compounded Annual Growth Rate Of Revenue
-0.6%
EBITDAMargin
-7.2%
EBITDA
$-11M
Net Profit
$-168M
Revenue
$152M
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Competitors
Nabors Industries Ltd. Oil & Gas - Hamilton, HC

The Nabors companies own and operate approximately 521 land drilling and approximately 607 land workover and well-servicing rigs in North America. Nabors' actively marketed offshore fleet consists of 40 platform rigs, 12 jack-up units and 4 barge rigs in the United States and multiple international markets. In addition, Nabors manufactures top drives and drilling instrumentation systems and provides comprehensive oilfield hauling, engineering, civil construction, logistics and facilities maintenance, and project management services. Nabors participates in most of the significant oil, gas and geothermal markets in the world.

Secure Energy Services, Inc. Oil & Gas - Calgary, AB

Secure Energy Services, Inc. engages in the provision of safe and environmentally responsible fluids and solids solutions to the oil and gas industry. It operates through the following divisions: Processing, Recovery and Disposal; Drilling Services; and On Site Services. The Processing, Recovery and Disposal division operates under the name Secure Energy Services Inc., which owns and operates midstream infrastructure that provides processing, storing, shipping and marketing of crude oil, oilfield waste disposal and recycling. The Drilling Services division operates under the name Marquis Alliance Energy Group Inc., which provides equipment and chemicals for building, maintaining, processing and recycling of drilling and completion fluids. The On Site Services division includes environmental services which provide pre-drilling assessment planning, drilling waste management, remediation and reclamation of former well sites, facilities, commercial, and industrial properties, and laboratory services; integrated water solutions which include water management, recycling, pumping and storage solutions; CleanSite waste container services; pipeline integrity; demolition and decommissioning. The company was founded on April 24, 2007 and is headquartered in Calgary, Canada.

U.S. Silica Holdings, Inc. Chemicals - Frederick, MD

U.S. Silica Holdings, Inc. engages in the production of industrial minerals, including sand proppants, whole grain silica, ground silica, fine ground silica and aplite clay. It operates through the Oil & Gas Proppants and Industrial & Specialty Products segments. The Oil & Gas Proppants segment serves the oil and gas recovery market providing fracturing sand which is pumped down oil and natural gas wells to prop open rock fissures and increase the flow rate of natural gas and oil from the wells. The industrial & specialty products segment consists of products and materials used in a variety of industries including, container glass, fiberglass, specialty glass, flat glass, building products, fillers and extenders, foundry products, chemicals, recreation products and filtration products. The company was founded on November 14, 2008 and is headquartered in Frederick, MD.