Nuverra 3Q: Revenue Down 45%, M-U Rig Count Down 57%

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 August, the company reported less-than-rosy results for the second quarter, because of the coronavirus and producers slowing down their drilling programs  (see Nuverra 2Q20: COVID & Low O&G Prices “Likely” Thru Rest of Year). The trend continued for third quarter results, which the company issued yesterday.

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