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Wednesday, July 29, 2015

GreenHunter Announces Two New Operating Injection Wells in Ohio

From a GreenHunter Resources press release:
GreenHunter Resources, Inc. (NYSE MKT:GRH) (NYSE MKT:GRH.PC), a water disposal and total fluids management company operating in the Appalachian Basin, today announced production commencement late last week of the Harris C&W #1 (C&W) and McKelvey M #3 (McKelvey) SWD wells located at the Company’s Mills Hunter facility located in southeastern Ohio. The initial combined injection rate for the C&W and McKelvey wells is approximately 6,000 barrels per day, or approximately 3,000 barrels per day each. The increased injection capacity effectively raises GreenHunter’s overall disposal volumes from approximately 15,000 barrels per day to approximately 21,000 barrels per day, an increase of approximately 40 percent.

Kirk Trosclair, Executive Vice President and Chief Operating Officer said, “After a prolonged delay, we are finally able to report that two new disposal wells are online and operating near full capacity at our largest SWD facility. These wells are the third and fourth wells to be placed in service at the Mills Hunter facility. Two additional wells are in the final approval stage with certain State authorities. While demand for our water disposal services remains strong even during the downturn being experienced today in the energy industry, the regulatory process for adding injection wells to our portfolio has changed over the last year. The entire process from start to finish is taking much longer than initially anticipated. The review and approval process, which previously took around thirty to forty-five days is now taking more than ninety days.”
Read the whole release by clicking here.

GreenHunter is not shy about complaining that the ODNR is slow in approving the two additional injection wells at the Mills Hunter site, just as representatives clearly stated in the past their dissatisfaction with the Coast Guard's handling of a request to move drilling waste via barges on the Ohio River.

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