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)

715

Industries

Waste Management & Recycling
Power & Utilities

Company Description

Nuverra Environmental Solutions, Inc. engages in the provision of water logistics and oilfield services. It focuses on the development and ongoing production of oil and natural gas from shale formations in the United States. 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

Chief Executive Officer

President & Chief Operating Officer

Vice President & Chief Financial Officer

Executive Vice President, Chief Legal Officer & Secretary

Chief Restructuring Officer

Vice President & Treasurer

Vice President of Business Development

Controller

Manager

Manager of Financial Reporting

Board of Directors

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.

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Owners & Shareholders
Details Hidden

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.

Details Hidden

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.

Details Hidden

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.

Recent Transactions
Details Hidden

Nuverra Environmental Solutions, Inc. purchases Clearwater Solutions LLC

Details Hidden

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

Details Hidden

Nuverra Environmental Solutions, Inc. purchases Ideal Oilfield Disposal LLC

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.

Investment 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

Former Chief Financial Officer & Executive Vice President at Nuverra Environmental Solutions, Inc.

Clients

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.

Antero Resources Corp. is an independent oil and natural gas company, which engages in the exploration, development and acquisition of natural gas, natural gas liquids and oil properties located in the Appalachian Basin. It also focuses on unconventional reservoirs, which can generally be characterized as fractured shales formations. The company was founded by Paul M. Rady and Glen C. Warren, Jr. in June 2002 and is headquartered in Denver, CO.

Key Stats and Financials As of 2018
Market Capitalization
$142M
Total Enterprise Value
$155M
Earnings Per Share
$-5.01
Revenue
$197M
Net Profit
$-59.3M
EBITDA
$2.05M
EBITDAMargin
1.04%
Total Debt
$65.9M
Total Equity
$196M
Enterprise Value Sales
0.78x
Enterprise Value EBITDAOperating
75.71x
TEVNet Income
-2.62x
Debt TEV
0.43x
Three Year Compounded Annual Growth Rate Of Revenue
-17.89%
Five Year Compounded Annual Growth Rate Of Revenue
-17.79%
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 LP Oil & Gas - Leawood, KS

Tallgrass Energy LP 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 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 2012 and is headquartered in Leawood, KS.

Select Energy Services, Inc. Oil & Gas - Houston, TX

Select Energy Services Inc. engages in the provision of water management and chemical solutions. It operates through the following business segments: Water Solutions, Oilfield Chemicals, and Wellsite Services. The Water Solutions segment provides water-related services to customers that includes integrated oil companies and independent oil and natural gas producers. The Oilfield Chemicals segment develops, manufactures and provides a full suite of chemicals utilized in hydraulic fracturing, stimulation, cementing and well completions, including polymer slurries, crosslinkers, friction reducers, buffers, breakers, and other chemical technologies, to pressure pumping service companies. The Wellsite Services segment offers oil and natural gas operators with a variety of services, including providing workforce accommodations and surface rental equipment, crane and logistics services, wellsite, and pipeline construction and field services. The company was founded on November 21, 2016 and is headquartered in Houston, TX.

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