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 Forms New Hydrocarbons Division

GreenHunter Resources, Inc. (NYSE MKT: GRH) (NYSE MKT: GRH.PRC), a diversified water resource, waste management and environmental services company specializing in the unconventional oil and natural gas shale resource plays, announced today that it has established a new hydrocarbons division, GreenHunter Hydrocarbons, LLC, a wholly-owned subsidiary of GreenHunter Resources. This new business line will further complement the company’s Total Fluids Management Solutions services currently provided to producers in the Marcellus and Utica Shale plays.

GreenHunter Hydrocarbons’ business lines will focus on the transportation, storage, processing, and marketing of hydrocarbons (oil, condensate, and NGLs) in the Appalachian region. Leveraging off of our existing asset base and infrastructure, which includes up to six different barge terminal locations, presently owned or leased by GreenHunter Resources, GreenHunter Hydrocarbons is uniquely positioned to immediately garner a significant portion of this business opportunity.

GreenHunter Hydrocarbons also announces today the hiring of Mr. Terry Clark as Vice President of GreenHunter Hydrocarbons and manager of this division. Mr. Clark has 17 years of experience managing hydrocarbons in the Appalachian Basin and has established industry-wide relationships with producers and refiners that will be extremely valuable to this new business segment.

Offering some insights that shape his strategy on becoming a participant in the hydrocarbons/condensate market, Mr. Clark states that, “Higher quality Bakken and Eagleford condensates which now saturate the gulf coast market are lowering demand for Marcellus and Utica condensates. Unprocessed condensate pricing will continue to be volatile as shale production increases and Marcellus/Utica condensates’ Reid Vapor Pressure (RVP) exceed market requirements and limits. With the stabilization and processing of condensates, added value we can create for our customers’ accounts will be crucial in keeping the condensates generated from this region as a viable revenue stream for producers. Additionally, moving condensate via pipeline in this region will ultimately reduce transportation liability and risk, while at the same time, eliminating and/or reducing higher cost trucking.”

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
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,521.37 +80.78 0.46%
S&P 500 2,079.68 +12.04 0.58%
NASDAQ 5,051.1460 +11.37 0.23%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs