Starting this week, Heckmann will be trading under the name Nuverra Environmental Solutions (NYSE:NES). For investors in the company, though, this shouldn't change a thing. As hydraulic fracturing becomes a larger part of oil and gas operations, the increased use of water is posing problems. The oil and gas industry in the U.S. now uses about two-thirds the amount of water that New York City will use in an entire year. The pressure is on drillers to find new ways to conserve water, which is exactly where Nuverra fits in.
In this video, Fool.com contributor Tyler Crowe looks at the issues surrounding water use in the oil and gas industry and why Nuverra is better positioned than some of its peers to take advantage of this new trend.
The Motley Fool recommends Halliburton. The Motley Fool owns shares of Nuverra Environmental Solutions and has the following options: Long Jan 2014 $20 Calls on Chesapeake Energy, Long Jan 2014 $30 Calls on Chesapeake Energy, and Short Jan 2014 $15 Puts on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.