GreenHunter Resources Reports New Record Disposal Volumes
GRAPEVINE, Texas, Oct. 05, 2015 (GLOBE NEWSWIRE) -- 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.
Executive Vice President and Chief Operating Officer
1048 Texan Trail
Grapevine, TX 76051
Tel: (972) 410-1044
Office: (469) 293-1987
(October 5, 2015 - 7:00 AM EDT)
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