This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

GreenHunter Water Announces Commencement Of Operations At Ohio River Barge Transloading And Bulk Water Storage Facility

GreenHunter Energy, Inc. (NYSE MKT: GRH), a diversified renewable energy company predominately focused on water resource management in the unconventional oil and natural gas shale resource plays, announced today that its wholly owned subsidiary, GreenHunter Water, LLC, has begun providing water management services at its New Matamoras, Washington County, Ohio River barge transloading and bulk water storage facility.

As previously announced, GreenHunter Water entered into a multi-year lease agreement on an existing 10 acre facility that was originally constructed by Mobil Oil in the 1960s. GreenHunter Water has completely refurbished the Matamoras facility over the last three months and it is now operational. The updated facility is providing bulk water storage and transloading services as part of GreenHunter Water’s Total Water Management Solutions TM for its customers who are producing natural gas, natural gas liquids, and crude oil in the Marcellus and Utica Shale resource plays. The facility is also serving as a maintenance and service station for GreenHunter Water’s existing rolling stock operating in this area and will soon become the logistics headquarters for the Company’s Appalachia regional operations.

Commenting on this development, Jonathan D. Hoopes, President and COO stated, “We are pleased to report that operations at our Ohio River bulk water storage facility began last week. We began accepting both production water and frac flowback water and we expect to receive up to 4,000 barrels per day from a single new customer for the next ten weeks as we begin to ramp up operations. By leveraging proprietary innovations, advanced infrastructure design and the experience we have gained from operating our existing salt water disposal operations, we have the ability to offload up to nine trucks simultaneously while emptying entire loads from trucks in less than 10 minutes time. The addition of 70,000 barrels (2,940,000 gallons) of bulk storage increases our storage capacity in the region by a significant magnitude. With these assets in operation, we expect to realize an improvement in the economic utilization and overall profitability of our existing Class II salt water disposal wells in the area as we continue working on bringing the barge operations on line in the near future. One of our primary goals at GreenHunter Water is to never have to turn down a customer’s load of water for disposal. We strive to maintain sufficient capacity both at our disposal facilities and now at the new Matamoras facility to ensure complete customer satisfaction.”

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

DOW 18,162.99 +121.45 0.67%
S&P 500 2,123.48 +19.28 0.92%
NASDAQ 5,106.5930 +73.8420 1.47%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs