Heckmann Corporation Acquires Consolidated Petroleum, Inc. to Broaden Service Offerings for Water Solutions

Heckmann Corporation HEK today announced its acquisition of Consolidated Petroleum, a private full service water pumping and delivery service company providing water transfer solutions to oil and gas customers engaged in hydraulic fracturing. CPI's primary operations are located in the Haynesville Shale and Eagle Ford Shale areas of South Texas and Louisiana. The strategic acquisition of CPI adds another key business growth driver for Heckmann Water Resources by broadening its service offering for the procurement and delivery of fresh water to well sites for use in the hydraulic fracturing process. Assets acquired through the transaction include approximately 180 miles of portable poly and aluminum pipe that is used above ground for pumping and transporting water from streams, ponds and special holding areas, including the Company's frac tanks, to hydraulic fracturing wells. The acquired CPI assets will add further service capabilities to the Company's PVC fresh water pipeline currently under construction in the Haynesville Shale area. Other assets acquired include pumps, trucks, flatbed trailers, frac tank connections and real property. HWR will retain approximately 80 CPI employees. Other terms of the transaction were not disclosed.