GreenHunter Energy, Inc. (NYSE Amex: GRH) – GreenHunter States Reason on Corporate Redirection to Water Management

Filed In: Sustainable Energy, Green Planet, Water Resource Management, GreenHunter Energy, GRH, Renewable Energy, GreenHunter Water, Marcellus Water Service Property, Water Management, Water Service Management

GreenHunter has changed its corporate direction into Water Resource Management specifically in the oil and gas field early this year.  The redirection was a response to the growing needs for a water resource management team to enter the market.

The company is currently focussed on The Marcellus Shale in the Appalachian Basin where gas production is expanding rapidly.  Although the Marcellus Shale occurs in a part of the country that generally has sufficient water supplies, a need for an efficient water management service company was still a major requirement to enable other companies to save costs on disposal fees, trucking fees and others.  GreenHunter, backed up with decades of experienced team in the oil and gas industry sees a great opportunity to play alongside other companies in this field.  GreenHunter Water has just recently acquired the Marcellus Water Service Property in WV, which marks GreenHunter Energy’s formal entry into the water management space.

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