NEW YORK (TheStreet) -- Shares of Greenhunter Resources Inc. (GRH - Get Report) are surging higher by 13.79% to $2.97 on heavy trading volume on Tuesday after the company announced its plans to form a master limited partnership.
The company provides total water management solutions to oil and gas operators who are operating in the Eagle Ford, Marcellus, and Bakken shale plays.
The company says that utilizing an MLP structure will be the most efficient way for Greenhunter to fund future capital needs.
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