GreenHunter 1Q14: Injection Well Volume up 97%, Barging Soon?

In the parade of quarterly analyst calls, GreenHunter Resources–the wastewater handling division of Magnum Hunter Resources Corporation–held their call yesterday. We learned some interesting things from reading the transcript. Like, GreenHunter now owns and has operational 9 wastewater injection wells (often referred to as salt water disposal wells, or SWDs). We also learn that once the U.S. Coast Guard grants permission to begin barging wastewater down the Ohio River, GreenHunter will need something like $20 million to build out their barge facilities.

Below is the opening/prepared remarks from Kirk J. Trosclair, GreenHunter’s Chief Operating Officer, along with one Q&A about the barging facilities…

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