GreenHunter Resources, Inc. (NYSE MKT: GRH) (NYSE MKT: GRH.PRC) (the “Company”), a diversified water resource, waste management and environmental services company specializing in the unconventional oil and natural gas shale resource plays, announced today that its site plan for the water recycling and barging facility located in Wheeling, WV has been approved by the Wheeling Planning Commission.
This site was originally acquired by GreenHunter Resources in March of this year. GreenHunter expects to receive all necessary building permits over the next several weeks and plans to commence construction upon receipt of all required permits.
Mr. John Jack, Vice President, Appalachian Basin, commented, “GreenHunter has met all of the requirements as requested by the Planning Commission in Wheeling, WV. We are looking forward to helping Wheeling contribute a much needed water management solution to the West Virginia oil and gas industry. Once complete, GreenHunter’s Wheeling Barge Terminal and Recycling facility will provide job opportunities for members of the community and help to reduce congestion on roadways by replacing truck traffic with barge transport. GreenHunter continues to look for ways to reduce the cost of water handling and disposal for our customers in this region.”
About GreenHunter Water, LLC (a wholly owned subsidiary of GreenHunter Resources, Inc.)GreenHunter Water, LLC provides Total Water Management Solutions™ in the oilfield. An understanding that there is no single solution to E&P fluids management shapes GreenHunter’s technology-agnostic approach to services. In addition to licensing of and joint ventures with manufacturers of mobile water treatment systems ( Frac-Cycle®), GreenHunter Water is expanding capacity of salt water disposal facilities, next-generation modular above-ground storage tanks ( MAG Tank™), advanced hauling and fresh water logistics services—including 21st Century tracking technologies ( RAMCATTM) that allow Shale producers to optimize the efficiency of their water resource management and planning while complying with emerging regulations and reducing cost. For a visual animation of the Class II Salt Water Disposal well development and completion technique that is being utilized in GreenHunter Water’s Appalachia, Eagle Ford, Mississippian Lime and Bakken SWD program, navigate to the video by clicking on “Salt Water Disposal Animation” button on the Operations tab at GreenHunterResources.com or click here. Additional information about GreenHunter Water may be found at www.GreenHunterWater.com . Forward-Looking Statements Any statements in this press release about future expectations and prospects for GreenHunter Resources and its business and other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the substantial capital expenditures required to fund its operations, the ability of the Company to implement its business plan, government regulation and competition. GreenHunter Resources undertakes no obligation to update these forward-looking statements in the future.
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