This Day On The Street
Continue to site
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 Provides Third Quarter 2013 Operational Update

GreenHunter Resources, Inc. (NYSE MKT:GRH) (NYSE MKT:GRH.PRC) (the “Company”), a diversified water resource, fluids management and environmental services company specializing in the unconventional oil and natural gas shale resource plays, provided today an update on the Company’s operations including volumes of water handled and disposed during the third quarter of 2013.

Total company-wide volumes of fluids handled increased over 130% as compared to the same period last year. The volume of fluids handled increased to 1,205,000 barrels (BBL) representing a 0.4% increase compared to the three months ending June 30, 2013, even though we were operating two fewer salt water disposal (SWD) wells. One well located in the Eagle Ford was sold and one SWD well located in Oklahoma was shut-in due to a fire caused by a lightning strike.


During the third quarter of 2013, disposal volumes in the Company’s Appalachia region, GreenHunter’s highest margin division, were over 500,000 BBL representing an increase of more than 10% compared to the same period last year and an increase of 18% compared to the three months ending June 30, 2013. Volumes of water handled at the Company’s New Matamoras barge transloading and bulk storage facility increased 29% compared to the prior three month period ending June 30, 2013. Appalachia truck hours increased 40% during the third quarter of 2013 compared to the second quarter of 2013. Transportation billings hours in Appalachia increased 45% during the third quarter of 2013 compared to the second quarter of 2013.

South Texas

Volumes of water disposed in South Texas decreased 21% during the third quarter compared to the three months ending June 30, 2013. As reported on June 11, 2013, the Helena SWD, Karnes County property was sold for a capital gain. Meanwhile, disposal volumes at the company’s Dilley SWD, Frio County facility, which is operating near capacity, increased 3% during the third quarter compared to the second quarter. Demand for the Company’s SWD services in Frio County is robust driving plans to increase pump capacity, onsite storage tank capabilities, and the number of Company-owned and operated trucks.

1 of 3

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


DOW 18,232.02 -53.72 -0.29%
S&P 500 2,126.06 -4.76 -0.22%
NASDAQ 5,089.3620 -1.4320 -0.03%

Partners Compare Online Brokers

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs