If Heckmann changing its name wasn't confusing enough for investors, it appears as though Nuverra Environmental Solutions (NASDAQOTH: NESC ) will be venturing into a new business. The company just purchased a greenfield disposal facility that it will use for solid and oil waste from drilling operations. While the potential revenue for the company doesn't really move the needle for the company, the move is more important for the new image that Nuverra wants to reflect to its customers.
Nuverra wants to be the one-stop shop for any waste-related business in the oil and gas industry, and this move is a step in that direction. In this video, Fool.com contributor Tyler Crowe looks at how this will fit into the company's business model and what investors in the company should watch for in the future.
No matter what niche product an oil services company may offer its clients, it's almost guaranteed that Halliburton is a main competitor. Halliburton, one of the top companies in the business, is one of the most complete oil services companies around, providing customers with a wide array of services. To access The Motley Fool's new premium research report on this industry stalwart, simply click here now and learn everything you need to know about how Halliburton is positioning itself both at home and abroad.