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 that its wholly-owned subsidiary, GreenHunter Water, LLC, is hosting today beginning at 11:00 AM ET, a storage tank expo in Macksburg, Ohio to showcase the Company’s proprietary next-generation fluids storage system.
By observing the patent-pending MAG Tank™ in action where it is presently in use at a multi-well Utica drill pad operation, exploration and production companies, oilfield services providers, and elected representatives from the community will be able to witness the unique design of the MAG Tank which addresses the logistical, economic, and environmental challenges that are present in each of today’s Unconventional Shale Plays. The modular trapezoidal design of GreenHunter’s MAG Panel™ allows the system to be deployed in virtually any topography or terrain starting at 11,000 barrel capacities with an unlimited ability to scale up in size.
Commenting on this event, Mr. Jonathan D. Hoopes, Interim CEO, President and COO of GreenHunter Resources, stated, “We are looking forward to today’s MAG Tank showcase and we have no doubt that it will generate significant interest from our customers. We chose to hold the expo in Appalachia out in the field in order to demonstrate to regional E&P operators the distinct flexibility of our construction design. By reusing the steel MAG Panels in multiple configurations, an operator will see significant reduction in highway traffic, environmental impact, and cost of water storage. Water supply is becoming an increasingly difficult issue not only in the Appalachian region, but also throughout many of the shale resource plays in the United States.”About GreenHunter Water, LLC (a wholly owned subsidiary of GreenHunter Resources, Inc.) GreenHunter Water, LLC provides Oilfield Fluid Management Solutions™. 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 barge logistics services—including 21st Century tracking technologies ( RAMCATTM) that allow hydrocarbon 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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