Nuverra 2Q20: COVID & Low O&G Prices “Likely” Thru Rest of Year

Nuverra Environmental Solutions (formerly Heckmann) is one of the largest companies in the United States that handles transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. In April the company laid off roughly 100 employees (see Nuverra Environmental Cuts Budget 30%, Lays off 100 People). Last week the company released second-quarter 2020 results. Like 1Q20, the company’s revenues were down and losses were up.

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