GreenHunter Energy, Inc., a diversified renewable energy company predominately focused on water resource management in the unconventional oil and natural gas shale resource plays, announced that its wholly owned subsidiary, GreenHunter Water, LLC, has begun providing water management services to an independent Marcellus Shale exploration and production company.
Pursuant to the terms of a new agreement, GreenHunter Water services has been awarded an exclusive contract which includes the hauling and disposal of fresh water, produced water, flowback water and drilling mud.
This NYSE MKT listed customer owns approximately 90,000 acres of Marcellus Shale leasehold and is further expanding its operations in Pennsylvania and West Virginia. GreenHunter Energy management is also in discussions with this customer to further expand the contract to include handling and remarketing of natural gas “drip” condensate. Management estimates initial brine injection volumes which began today will be in excess of 2,000 barrels per day.
Commenting on this new water services contract, John Jack, Vice President of Business Development in the Appalachian Division stated, “We are very encouraged by the increased pace of commercial interest that we have been seeing for services from our existing Appalachia salt water hauling assets and disposal properties.
This new contract is the result of a referral from an established existing water customer. We are very pleased that our clients are continuing to report very positive experiences with our services and are continuing to refer GreenHunter Water as the premiere ‘one-stop shop’ for water handling services in this region.”