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GreenHunter Water Awarded Eagle Ford Contract

Source: www.gulfoilandgas.com 11/2/2011, Location: North America

GreenHunter Water, LLC, a wholly owned subsidiary of GreenHunter Energy, Inc., announced that it has secured a significant new order to provide equipment rental and services which include thirty (30) new frac storage tanks to an independent oil and gas operator active in the Eagle Ford Shale drilling region of South Texas. Delivery of the new frac tanks was completed approximately one week ago. The initial one year contract includes rental and management of multiple sized fluid tanks, including 500 BBL water storage tanks, manifolds and other services. This new customer is also exploring other business opportunities offered by GreenHunter's Total Water Management Solutions(TM). These include water treatment and reuse of "clean brine", RAMCAT(TM) remote access monitoring equipment, water hauling and commercial salt water disposal, and advanced logistics optimization.

Jonathan D. Hoopes, President and COO of GreenHunter Energy, Inc. stated, "We are excited to announce this new customer in the Eagle Ford Shale. Our revenue growth projections for the Eagle Ford region include fluid hauling and disposal which should benefit from our water equipment rental business. As operators are becoming increasingly aware of our water management service business lines, we anticipate a rapid expansion of our presence in this area."

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