Starting this week, Heckmann will be trading under the name Nuverra Environmental Solutions (NASDAQOTH:NESC). 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.