Quarterly / Earnings Reports | Water Treatment | First Quarter (1Q) Update
Nuverra Revenue Slides As Marcellus Operation Slowed
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Nuverra’s shale segment provides comprehensive environmental solutions, including the delivery, collection, treatment, recycling and disposal of restricted environmental products for unconventional oil and gas development in the Bakken, Utica, Eagle Ford and Mississippian Lime Shale areas, as well as the Permian Basin, which are liquids-rich plays, and the Marcellus and Haynesville Shale areas, which are gas-rich plays.
Severe winter weather negatively impacted activity levels across the board, with the Bakken and Marcellus/Utica Shale regions particularly hard-hit. In the Bakken, February alone saw 18 days with temperatures well below normal, and several days with wind gusts too high for completion work. However, indicators point to operators planning for robust summer programs.
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