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 Resources Takes Delivery Of Additional New Transport Equipment

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 wholly owned subsidiary, GreenHunter Water, LLC, has taken delivery of six new tractors and trailers to complement the Company’s growing Appalachian rolling stock fleet. The new equipment consists of three new Peterbilt 388 Bobtail trucks with 100 barrel (BBL) Vacuum Tanks and three new Peterbilt 388 Bobtail trucks with 100 barrel HAZMAT DOT 407/412 Certified Tanks. This new equipment will service oil and gas operators who are active in the Marcellus and Utica Shale plays located in the states of Pennsylvania, Ohio and West Virginia.

To facilitate the purchase, the Company expanded its existing commercial credit facility with an Appalachia-based regional bank. The loan amount was increased from the existing lending facility of $3.7 million to $4.8 million.

The three HAZMAT trucks are equipped to transport oil, condensate and a condensate-brine mixture and will allow GreenHunter Water to expand its ability to pick up liquids from well pads where water separation equipment is not in use. With this expanded fleet, we can now transport 100% of the material to a central receiving facility. The three standard Vacuum trucks and the HAZMAT DOT 407/412 Certified trucks were 100% utilized on the first day of operations this week.

Management Comments

Mr. Rick Zickefoose, Vice President of Operations, Appalachian Basin, commented, “Our new transport equipment arrived just in time. Disposal volumes for the Appalachian Division over the past two weeks were at record levels and we expect even higher volumes going forward due to a combination of increased activity in this region and an expanded customer base. These new trucks went into use immediately and are a much welcomed addition to our growing transportation infrastructure fleet which has now grown to 38 trucks in the Appalachian Division and 62 trucks company wide. We plan to continue to grow our HAZMAT fleet in preparation for the transition of our Total Water Management Solutions™ into Oilfield Fluid Management Solutions™ which will then help support our Advanced Barge Logistics™ services under development.”

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

Chart of I:DJI
DOW 16,643.01 -11.76 -0.07%
S&P 500 1,988.87 +1.21 0.06%
NASDAQ 4,828.3250 +15.6170 0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs