GreenHunter Energy, Inc. (NYSE Amex: GRH) – Management Negotiations for Three Unconventional Shale Plays, Part of GreenHunter Energy’s Rebuilding Plan

Filed In: Alternative Fuel, Greenhouse Gas, Sustainable Energy, Green Planet, petroleum diesel, GreenHunter Energy, Renewable Energy, water resource management

In line with GreenHunter’s rebuilding plan, its management is in negotiations for three separate acquisitions and development projects in the water resource business.  The company is expressly focused on three unconventional shale plays which are: The Marcellus Shale in the Appalachian Basin, the hottest natural gas play in North America; The Eagle Ford Shale in South Texas, considered by geologists to be the “source rock” or the original source of hydrocarbons (oil and gas); and The Bakken Shale in North Dakota, Montana and Southern Saskatchewan.

To rebuild GreenHunter as a water resource services provider in the oil field, company management is also looking to acquire and develop water treatment and water disposal facilities.  Moreover, the company is in negotiations for partnerships, licensing agreements and joint ventures with providers and owners of water treatment and water recycling systems and patent holders.

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