Advised on acquisition of leading operator of saltwater disposal wells

Advised on acquisition of leading operator of saltwater disposal wells

Stout served as the financial advisor to Nuverra Environmental Solutions, Inc. (NYSE American: NES) (Nuverra) in connections with its acquisition of Clearwater Solutions (Clearwater), a leading provider of safe, environmentally friendly disposal of wastewater used by the oil and gas industry in the Marcellus and Utica Shale areas.

The purchase more than doubles Nuverra’s SWD capacity in the region and will add value for each of its customers with more strategically located disposal capacity. Clearwater’s disposal wells at the Clearwater Three and Clearwater Five locations offer several offloading lanes and disposal capacity of 17,500 barrels per day. Its locations are in Guernsey County, Ohio, which is in the heart of the regional oil and gas activity.

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