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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Just when you thought there was a conclusion to the story of Ben Lupo and Hardrock Excavating and the dumping of frack wastewater down a drain that eventually emptied into the Mahoning River–the story takes a new turn. MDN previously told you that Hardrock’s owner, Ben Lupo, changed his plea to guilty last week (see