Select Energy Services acquires Nuverra Environmental for ~$45M; also buys HB Rentals onshore assets

Select Water Solutions, Inc.

Nuverra holders receive 0.255 shares of WTTR per NES share (~4.2M shares); includes assumption of ~$20M debt.
Transaction unanimously approved by both boards; expected close Q1 2022, subject to NES stockholder approval.
Support agreements cover ~85% of Nuverra voting shares; termination fee of $2.5M payable by Nuverra under certain conditions.
Select also closed HB Rentals acquisition Dec 3, 2021 — issued 1.2M shares and paid $1.5M cash for U.S. onshore rentals operations.
Nuverra adds >300K bbl/day disposal capacity and a 60-mile twin pipeline in Haynesville; >60% revenue from production-related services.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.