GreenHunter Water sells South Texas assets

GreenHunter Resources Inc.

GreenHunter Resources Inc. (NYSE MKT:GRH) (NYSE MKT:GRH.PRC), a diversified water resource, waste management and environmental services company specializing in the unconventional oil and natural gas shale resource plays, reports that its wholly owned subsidiary, GreenHunter Water LLC, has closed on the sale of its Kenedy Hunter salt water disposal (SWD) facilities and a SWD permit and surface acreage located at another South Texas property to Sable Environmental LLC.

The sale of the Kenedy Hunter SWD and the undeveloped permit were sold for total net consideration of $3,875,000. The Kenedy well has a daily permitted disposal capacity of 25,000 barrels. This SWD well was originally drilled in the third quarter of 2012 and has had minimal disposal volumes since the facility went into commercial operations. The additional location in South Texas was permitted but never drilled or completed.

GreenHunter Water previously sold another SWD property in this region to Sable Environmental last June 2013.

 

Related Articles

Endofa names Hoffmann CEO

04/17/2014

Endofa, an independent marine fuel supplier and bunker trader, has named Lars Hoffmann as CEO.

Wilkinson Barker Knauer bolsters energy practice with new partner

04/17/2014

Wilkinson Barker Knauer LLP reports that Susan Bergles has joined the firm as a partner, merging her natural gas regulatory practice with the firm’s growing energy practice.

Spectra Energy names new board chair and lead director

04/17/2014 Spectra Energy Corp.'s board of directors has elected Gregory L. Ebel to serve as chair of the board of directors. The company also announced that F. Anthony Comper has been elected as independent ...

Flotek updates on senior appointment, acquisition

04/17/2014

Flotek Industries Inc. has appointed Amerr Mahgoub as vice president of Middle East business development, and has also closed its acquisition of SiteLark LLC.

CIT appoints Friant as managing director

04/15/2014

CIT Group Inc., a provider of financing and advisory services to small businesses and middle market companies, has appointed Todd Friant managing director of CIT Corporate Finance, Energy.

More Oil & Gas Financial Articles

Endofa names Hoffmann CEO

Thu, Apr 17, 2014

Endofa, an independent marine fuel supplier and bunker trader, has named Lars Hoffmann as CEO.

Wilkinson Barker Knauer bolsters energy practice with new partner

Thu, Apr 17, 2014

Wilkinson Barker Knauer LLP reports that Susan Bergles has joined the firm as a partner, merging her natural gas regulatory practice with the firm’s growing energy practice.

Spectra Energy names new board chair and lead director

Thu, Apr 17, 2014

Spectra Energy Corp.'s board of directors has elected Gregory L. Ebel to serve as chair of the board of directors. The company also announced that F. Anthony Comper has been elected as independent lead director.

Flotek updates on senior appointment, acquisition

Thu, Apr 17, 2014

Flotek Industries Inc. has appointed Amerr Mahgoub as vice president of Middle East business development, and has also closed its acquisition of SiteLark LLC.

CIT appoints Friant as managing director

Tue, Apr 15, 2014

CIT Group Inc., a provider of financing and advisory services to small businesses and middle market companies, has appointed Todd Friant managing director of CIT Corporate Finance, Energy.

Most Popular

Oil & Gas Jobs

Search More Job Listings >>
Subscribe to OGFJ