GreenHunter Resources

Energy Services | GreenHunter Resources | Industrywide Issues | Utica Shale | Wastewater

GreenHunter Water Sells First "MAG Tank" to Utica Driller
April 29, 2013April 29, 2013

GreenHunter Water is crowing about the sale of its first MAG Tank, a new above-ground storage tank that uses a unique design and is modular, letting drillers add to or subtract from the tank as needed at the drill pad site. The new tank was sold to an unidentified “large independent oil and gas producer” that will use the new tank at a multi-well Utica Shale drill pad site in southeast Ohio. MDN’s guess is that it was sold to either Chesapeake Energy or Gulfport Energy. Increasingly, open pits (so-called “frack ponds”) used to store fracking fluids and brine are being regulated out of existence, which means tanks will be required to replace them. Enter the MAG Tank.

Today’s announcement from GreenHunter:

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Energy Services | GreenHunter Resources

GreenHunter 2012 Financials: Revenue Up, Net Loss Up More
April 10, 2013April 9, 2013

GreenHunter Energy, a shale and fracking wastewater treatment company, released their 2012 financials on Monday. The headline they tout is that annual revenues were up a huge 1,444% in 2012 over 2011. However, total revenues for 2012 were just $17.1 million. Hey, we’ll give GreenHunter their due that the company is growing nicely, so hat’s off to them. But the company is still relatively small. In addition to $17.1 million in revenue, they had a write-down of a project in 2012 that caused them to register a net loss to shareholders of $21.2 million for the year. Doing a little math, we find that GreenHunter went in the hole $4.1 million for the year.

You may recall that GreenHunter now owns six barge terminals in PA, WV and OH (see GreenHunter Buys Barge Terminal in Wheeling for Frack Wastewater). They have a lot riding on a decision by the U.S. Coast Guard and the Obama White House on whether or not to allow barge shipping of frack wastewater. If approval comes this year (it’s supposedly with the White House now), GreenHunter will likely see black ink on the ledger for 2013.

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Energy Services | GreenHunter Resources | Industrywide Issues | Ohio | Statewide OH | Wastewater

Obama “Inches” Toward Approving Barge Shipments of Frack Water
April 5, 2013April 5, 2013

GreenHunter Water (and others) anxiously await approval from the Coast Guard to allow shipment of fracking wastewater by barge. GreenHunter has a lot riding on the Coast Guard’s decision (see GreenHunter’s Plans to Move Wastewater by Barge Delayed). Anti-drillers are attempting to prevent barge shipments of frack water as a tactic to discourage drilling. They ignore the glaring fact that substances far more toxic than frack water are shipped on river barges each and every day of the week, all done with a sterling safety record.

Reuters is now reporting that the Coast Guard has recommended barge shipments be allowed and has supplied the Obama administration with a draft rule to do it. Reuters also reports the administration is “inching ahead” with plans to approve the rule:

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Energy Services | GreenHunter Resources | Industrywide Issues | Marshall County | Wastewater | West Virginia

GreenHunter Tries to Repair Damage with Wheeling over New Project
March 27, 2013March 27, 2013

As MDN reported yesterday, GreenHunter Water made a big faux pas by not genuflecting before the Wheeling, WV City Council before announcing their plans to build a fracking wastewater recycling and shipping facility in the city along the Ohio River (see Wheeling Councilwoman Vows to Prevent Frack Water Treatment Plant). GreenHunter attempted to repair some of the damage yesterday when they briefed city officials on their proposed project.

Did the meeting help? Maybe, but the city is not ready to “take a position on the project” just yet…

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Anti-Drilling/Fossil Fuel | Energy Services | GreenHunter Resources | Hydraulic Fracturing | Industrywide Issues | Marshall County | Regulation | Wastewater | West Virginia

Wheeling Councilwoman Vows to Prevent Frack Water Treatment Plant
March 26, 2013March 26, 2013

Less than two weeks ago, GreenHunter Water announced they had purchased a 10.8 acre barge terminal site in Wheeling, WV that sits along the Ohio River. GreenHunter has plans to convert the former gasoline storage facility into a shale wastewater handling and storage facility that will recycle wastewater so drillers can reuse it, or ship it by barge to other locations for disposal (see GreenHunter Buys Barge Terminal in Wheeling for Frack Wastewater).

GreenHunter made a mistake. They didn’t first approach Wheeling City Council to ask, “Mother, May I?” If they had, in all likelihood the outcome would have not been any different. At least one council member is strongly anti-drilling—Gloria Delbrugge (Democrat). She’s upset GreenHunter didn’t ask for permission first, and she’s pledging to stop the project altogether:

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Energy Services | GreenHunter Resources | Industrywide Issues | Marshall County | Ohio County | Wastewater | West Virginia

GreenHunter Buys Barge Terminal in Wheeling for Frack Wastewater
March 15, 2013March 15, 2013

Yesterday, GreenHunter Water announced they have purchased a 10.8 acre barge terminal site in Wheeling, WV that sits along the Ohio River. GreenHunter plans to convert the former gasoline storage facility into a shale wastewater handling and storage facility that will recycle wastewater so drillers can reuse it, or ship it by barge to other locations (like injection wells) for disposal. The GreenHunter announcement raises a number of questions and observations. MDN will add its analysis below.

First, the announcement from GreenHunter issued yesterday:

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Anti-Drilling/Fossil Fuel | Crime | Energy Services | GreenHunter Resources | Industrywide Issues | Ohio | Trucking | Washington County (OH) | Wastewater

Protesters Get Violent, Shut Down OH Frack Water Plant
February 21, 2013February 21, 2013

GreenHunter Energy operates a bulk storage and shipping facility near New Matamoras (Washington County), Ohio for salt water (“brine”) that comes from shale wells long after they are drilled and fracked. Brine is naturally occurring water from deep below the ground—water without chemicals from fracking—it just contains a lot of minerals. That fact doesn’t seem to matter to some obtuse protesters.

Yesterday, a group of 100 or so protesters, organized by an extremist group called Appalachia Resist!, stormed the New Matamoras brine facility and shut it down. They engaged in criminal acts by plugging the toilets, stealing keys and in general terrorizing the employees at the facility. Ten of the protesters were arrested (their names, ages and home cities are listed below). More will be charged once police are done reviewing video tapes of the incident.

You may be interested to know that almost all of the people arrested were from other states—not even Ohio residents. GreenHunter is pressing charges, which includes felony counts and possibly charges under the Anti-Terrorism Act.

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Energy Services | GreenHunter Resources | Industrywide Issues | Wastewater

GreenHunter’s Plans to Move Wastewater by Barge Delayed
December 17, 2012December 17, 2012

The U.S. Coast Guard must decide whether or not to allow fracking wastewater to be transported by barge along rivers and lakes in the U.S.—so says Cmdr. Michael Roldan, chief of the Coast Guard’s Hazardous Material Division. If the Coast Guard decides transporting fracking wastewater is not allowed, that would be a huge problem for GreenHunter Water. They’ve already invested in five barge terminals in Pennsylvania and West Virginia to do precisely that—move Marcellus and Utica fracking wastewater to facilities that can treat and dispose of it. They’ve made those investments with the understanding it would be allowed. Their understanding may have been misplaced.

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Energy Services | GreenHunter Resources

GreenHunter Energy 3Q12: Wastewater Volume Way Up, Revenue Up
November 20, 2012November 20, 2012

GreenHunter Energy, a company specializing in the treatment of drilling wastewater, released their third quarter update yesterday. They report revenues were up ($4.9 million in 3Q12 compared to $230,000 for 3Q11), although net loss for stockholders was also up ($15.2 million in 3Q12 vs. $1 million in 3Q11). GreenHunter’s wastewater treatment volume is up 129% over the previous quarter—a lot of that coming from the Marcellus and Utica Shale region.

GreenHunter’s 3Q12 financial and operational update:

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Energy Services | GreenHunter Resources | Industrywide Issues | Ohio | Ritchie County | Washington County (OH) | Wastewater | West Virginia

GreenHunter Buys 2 More Wastewater Injection Wells
October 25, 2012October 25, 2012

GreenHunter Energy, a company specializing in treatment and disposal of fracking wastewater, continues to add new wastewater injection wells to its portfolio. Just today they announced they’ve purchased two more injection wells, one in Washington County, OH and the other in Ritchie County, WV. In February of this year, GreenHunter purchased three injection wells, one of which was also in Washington County, OH (see this MDN story).

Here’s the details about the two newest injection wells for GreenHunter:

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Alternative Energy | Energy Services | GreenHunter Resources | Industrywide Issues

Sale of CA Wind Farm Benefits/Enables Shale Fracking
October 12, 2012October 12, 2012

This story is an amusement for MDN, one of those deliciously ironic tales that’s sure to tick off the greenies. And that’s precisely why we bring it to you.

This is the story of how the sale of a wind farm in California will benefit shale gas drilling in the Marcellus, Utica and other shale plays.

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Energy Services | GreenHunter Resources | Industrywide Issues | Ritchie County | Wastewater | West Virginia

New Shale Wastewater Injection Well Opens in WV
September 5, 2012September 5, 2012

A new deep injection well for oil and gas drilling wastewater has just opened for business in West Virginia. GreenHunter Energy today announced the beginning of official operations for their new 6,100 foot deep injection well in Ritchie County, WV. According to GreenHunter CEO Jonathan Hoopes, they’re already near full capacity with incoming Marcellus and Utica Shale wastewater.

From the press announcement:

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Energy Services | GreenHunter Resources | Industrywide Issues | Ohio | Washington County (OH) | Wastewater

GreenHunter’s New Water Facility on Ohio River Goes Live
July 17, 2012July 17, 2012

GreenHunter Water’s new water and wastewater handing facility on the Ohio River in Washington County, Ohio has just gone operational. It is a bulk water storage facility, handling both fresh water used for fracking, and flowback or the salty wastewater that comes out of the ground after fracking.

From the GreenHunter press release:

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Energy Companies | Energy Services | GreenHunter Resources | Stone Energy

Who is GreenHunter Water’s New Mystery Marcellus Customer?
June 25, 2012June 25, 2012

GreenHunter Water has picked up a new drilling company for their water management services (see the full press release below). The new customer is an independent driller somewhere in the Marcellus Shale play that owns leases on approximately 90,000 acres in Pennsylvania and West Virginia and is looking to expand. Thing is, GreenHunter won’t (or can’t) disclose the identity of this new mystery customer they’ve just signed on. But MDN thinks it can! There’s one independent driller who claims to have 90,000 acres of leases in PA/WV and is looking to expand, and that company is…

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Energy Services | GreenHunter Resources | Industrywide Issues | Wastewater

GreenHunter Buys 3 Marcellus/Utica Wastewater Injection Wells
February 22, 2012February 22, 2012

GreenHunter Water has just purchased three currently operating wastewater injection wells in Ohio and Kentucky for $8.8 million that they will use to dispose of Marcellus and Utica Shale wastewater.

From the GreenHunter press release:

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Economic Impact | Energy Services | GreenHunter Resources | Heckmann | Industrywide Issues | Jobs | Wastewater

Start a Company or Get a Job in the Marcellus? Try Water
February 15, 2012February 15, 2012

Looking for a way to participate in the Marcellus and Utica Shale economic boom? As an investor, or as a business owner or even as a job seeker, you might want to consider water. Yeah, water. Try these numbers on for size: In 2011, drillers paid somewhere between $1.3-$1.7 billion to dispose of fracking wastewater in the Marcellus Shale. In 10 years it’s estimated to be a $15-$22 billion market—just in the Marcellus Shale.

Read More “Start a Company or Get a Job in the Marcellus? Try Water”