Select Energy Services, a provider of sustainable full life cycle water and chemical solutions to the U.S. unconventional oil and gas industry, has agreed to acquire Nuverra Environmental Solutions for total consideration of $45 million, including the assumption of $20 million of long-term debt, net of cash.
Nuverra is an energy-focused environmental solutions company providing comprehensive, full-cycle environmental solutions such the removal, treatment, recycling, transportation and disposal of restricted solids, fluids and hydrocarbons for exploration and production companies operating across the United States.
Under the terms of the agreement, Nuverra stockholders will receive 4.2 million shares of select class A common stock in exchange for all outstanding shares of Nuverra.
“With the Nuverra transaction, we will be adding more than 300,000 barrels per day of permitted daily disposal capacity in Texas, Louisiana, North Dakota, Montana and Ohio,” said Jo
