Nuverra 3Q21: M-U Rig Count Up 19%, M-U Revenue Down 27%
Nuverra Environmental Solutions (formerly Heckmann) is one of the largest companies in the United States that handles the transportation and disposal of shale drilling wastewater and leftover rock and dirt from drilling. The company has major operations in the Marcellus/Utica region. We keep an eye on its performance as an indicator of whether there is more or less drilling happening in the M-U. Although the rig count in the M-U went up year over year for 3Q21, revenues for Nuverra did not.
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