After swiftly completing five takeovers, Tamarack Valley Energy Ltd. emerged in the third quarter as an independent natural gas and oil growth star in the Clearwater formation of Canada. The Calgary independent has paid about $1.1 billion for five deals across the Clearwater area, which is northeast of Alberta. The latest was in September, when…
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Brief — Nuverra Acquires Clearwater Solutions
Nuverra Environmental Solutions Inc. has acquired Clearwater Solutions for $41.9 million, more than doubling its oil and natural gas wastewater injection capacity in the Marcellus and Utica shales. Clearwater’s disposal wells, located in Guernsey County, OH, have a capacity of 17,500 b/d. Nuverra said the transaction would make it the second-largest commercial operator of saltwater disposal wells in the region. Nuverra, an oilfield logistics and equipment company, also operates in the Bakken and Haynesville shales.
October 10, 2018