GreenHunter Resources Inc. (NYSE MKT: GRH) has received permits and has completed downhole performance tests on new wells at its Mills Hunter Facility, located in Meigs County, Ohio. Recent bottomhole integrity tests of these wells indicate injection volume capabilities of between 3,000 to 5,000 barrels of oilfield brine water per day per well. This increase in capacity is in line with earlier projections made by the company to double injection capacity by the end of calendar year 2014. The addition of these wells brings GreenHunter’s SWD well count up to 13 in the Appalachian Basin, with a new total daily injection capacity exceeding 31,000 bbls per day.
The majority of this new oilfield brine water injection capacity at the Mills Hunter Facility has already been committed to several large E&P companies active in the region, secured through long term take-or-pay agreements.
Commenting on the addition of four new SWD wells to the company’s existing portfolio, Kirk Trosclair, EVP and chief operating officer, stated, “The continued build-out of our Mills Hunter Facility ensures GreenHunter’s firm commitment to its core business for our customers. All SWD wells in this area of Mills Hunter are being connected via underground pipelines, which will significantly improve operating performance, while at the same time greatly reducing our overall trucking expense, including wait times. No other SWD injection facility located in the Appalachia region will have this amount of disposal capacity, along with state-of-the-art equipment and virtually zero trucking wait times. This facility has also been designed to accommodate our future barging plan along the Ohio River, which will include a terminal at this location.”
GreenHunter is based in Grapevine, Texas.
Recommended Reading
Supply Disruptions Ahead as Canadian Rail Workers Vote for Strike
2024-05-01 - The union, representing more than 9,000 employees at Canadian National Railway and Canadian Pacific Kansas City, announced that 95% of its members approved of a strike, which could happen as early as May 22.
Vision RNG Expands Leadership Team
2024-05-01 - Vision RNG named Adam Beck as vice president of project execution, Doug Prechter as vice president of finance and Beckie Dille as HR manager.
OGInterview: Building EIV Capital’s Midstream Investment Strategy
2024-05-01 - Midstream-focused EIV Capital has added non-operated assets and transition projects to its portfolio as a sign of the times.
NOG Lenders Expand Revolving Credit Facility to $1.5B
2024-04-30 - Northern Oil and Gas’ semi-annual borrowing-base redetermination left its reserved-based lending unchanged at $1.8 billion.
Imperial Oil Names Exxon’s Gomez-Smith as Upstream Senior VP
2024-04-30 - Cheryl Gomez-Smith, currently director of safety and risk at Exxon Mobil’s global operations and sustainability business, will join Imperial Oil in May.