GreenHunter Resources Reports New Record Disposal Volumes
October 05 2015 - 6:00AM
GreenHunter Resources, Inc. (NYSE MKT:GRH) (NYSE
MKT:GRH.PRC)
, a diversified water resource, waste
management, environmental services, and hydrocarbon marketing
company specializing in the unconventional oil and natural gas
shale resource plays within the Appalachian Basin, reported today
record SWD injection volumes company-wide of approximately 15,000
barrels per day over the last week.
The majority of this growth in the new oilfield
brine water injection volumes is directly attributable to the
expansion efforts completed at the company’s Mills Hunter Facility
located in Meigs County, Ohio. GreenHunter Water is currently
operating 11 SWD injection wells and has 3 more new SWD wells
currently waiting on state regulatory approval. These new SWD
wells should be turned on to commercial operations prior to
year-end.
Commenting on these record volumes, Kirk
Trosclair, Executive Vice President and Chief Operating Officer
stated, “The downturn currently being experienced today in the
oilfield due to the significant drop in commodity prices has
affected all services companies, including ourselves. With
record low drilling rig counts, flow back water within our
operating region is virtually nonexistent. Therefore, our
personnel have had to work very hard in order to obtain new SWD
volumes from producing wells that are available for disposal in our
area of operations. The quality of these new customers is
extremely good in that they are typically large well capitalized
E&P companies active in the Appalachian region.”
About GreenHunter Resources,
Inc.
GreenHunter Resources, Inc., through its
wholly-owned subsidiaries, GreenHunter Water, LLC, GreenHunter
Environmental Solutions, LLC, and GreenHunter Hydrocarbons, LLC,
provides Total Water Management Solutions™/Oilfield Fluid
Management Solutions™ in the oilfield and its shale plays of the
Appalachian Basin. GreenHunter Water continues to expand its
services package by increasing down-hole injection capacity with
Class II salt water disposal wells and facilities, with the launch
of next-generation modular above-ground frac water storage tanks
(MAG Tank™), and with advanced water hauling – including a growing
fleet of DOT rated 407 trucks, for hauling condensates and water
with the presence of condensates. GreenHunter Water has also
spearheaded the movement to barge brine water, as barging is a
safer and more cost-effective mode of transport than trucking or
rail.
GreenHunter Environmental Solutions, LLC offers
onsite environmental solutions at the well pad and facilities, with
a service package that includes tank and rig cleaning, liquid and
solid waste removal/remediation, solidification, and spill
response. An understanding that an interconnected suite of
services is key to E&P waste stream management shapes
GreenHunter Resources’ comprehensive end-to-end approach to
services.
GreenHunter Hydrocarbons, LLC offers
transportation of hydrocarbons (oil, condensate, and NGLs) and will
soon offer 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.
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 SWD program,
navigate to the video by clicking on “Salt Water Disposal
Animation” button on the Operations tab at GreenHunterEnergy.com or
click here.
Additional information about GreenHunter Water
may be found at www.GreenHunterWater.com.
For Further Information Contact:
GreenHunter Resources, Inc.
Kirk Trosclair
Executive Vice President and Chief Operating Officer
1048 Texan Trail
Grapevine, TX 76051
Tel: (972) 410-1044
Office: (469) 293-1987
ktrosclair@greenhunterresources.com