Jay Parkinson, the Executive Vice President and CFO of Nuverra Environmental Solutions, Inc. (NES), Interviews with The Wall Street Transcript
67 WALL STREET, New York - August 22, 2013 - The Wall Street Transcript has just published its Water Services Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Water Infrastructure Development - Irrigation and Metering Technology - Water Industry Consolidation - Regulatory Headwinds for U.S. Utilities
Companies include: Nuverra Environmental Solutions, Inc. (NES) and many more.
In the following excerpt from the Water Services Report, the Executive Vice President and CFO of Nuverra Environmental Solutions, Inc. (NES) discusses company strategy and the outlook for this vital industry:
TWST: You offer solutions in several different areas, including environmental, shale and industrial. Can you please explain the solutions in each of those segments, and tell us how they are different?
Mr. Parkinson: Basically we are an environmental solutions company that operates essentially in two end markets. The first is in unconventional shale basins, the oil and gas basins, and the second is a business that focuses more on the industrial end market, predominantly used motor oil collection. What we do is a combination of delivery, collection, treatment, recycle and disposal of restricted environmental products across the entire business; we just focus on two slightly different end markets.
In the industrial end market, we primarily collect and dispose of used motor oil, as well as collect and recycle trash associated with the disposal of used motor oil, antifreeze, oil filters, etc. In the shale business, we focus on water and solids that are used in and/or return to the surface as part of the hydraulic fracturing process. We have a logistics network, a treatment network, a recycling network or end disposal network, so the theme is the same. Although the businesses have slightly different end markets and processes, the basic goal is the same.
TWST: Do you use the same process in both end markets?
Mr. Parkinson: The value proposition is very similar in the energy business and the industrial business. We run trucks, we go to sites, we pick up or deliver restricted environmental products, and we take them either to be treated and recycled, or we dispose of them. The goal of each business is similar, but the methods are different.
TWST: Tell us a little more about your activities in the shales.
Mr. Parkinson: Basically with hydraulic fracturing, a company drills a well by breaking the shale and then drilling into the ground horizontally. When the well is fracked, drilling mud and water are used to lubricate the drilling process. As they cut through the shale, they cut into what are referred to as solids, which along with the mud and water return to the surface with the hydrocarbon and need to be treated and recycled. We currently offer a comprehensive, closed-loop environmental solution predominantly in the Bakken region, where we recently...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
