Heckmann Corporation, a publicly traded environmental services company with a major footprint in Pittsburgh and throughout the Marcellus and Utica Shale region, announced on Tuesday they are merging with Power Fuels, a privately held environmental services company based in North Dakota, the largest such firm in the mighty Bakken Shale. The merger puts Heckmann well on the path to their stated goal of becoming the country’s largest environmental services company.
Soon after the announcement, it was disclosed on a conference call to analysts that the new headquarters for Heckmann would be moving from Pittsburgh to Scottsdale, Arizona. That announcement has created a fair amount of angst in Pittsburgh. However, Heckmann says they “anticipate” no layoffs in the Marcellus region: