GreenHunter Water Adds RAMCATTM to its Total Water Management Solutions (TM) Platform
RAMCAT by GreenHunter Water delivers a cradle-to-grave produced water custody tracking solution, combining precise measurement of tank water, withdrawals, transportation and delivery with integrated GPS route verification
GRAPEVINE, Texas–(BUSINESS WIRE)– GreenHunter Water, LLC, a wholly owned subsidiary of GreenHunter Energy, Inc. (NYSE Amex: GRH), announced today to the oil and gas industry, the availability of its patent-pending RAMCAT cradle-to-grave produced water custody tracking solution with integrated GPS route verification and reporting. RAMCAT is currently being offered exclusively by GreenHunter Water to oil and natural gas operators in the Marcellus Shale in Appalachia and the Eagle Ford Shale in South Texas.
Integrated Technology Bundle for Well Head Fluid Management
RAMCAT (Remote Access Monitoring Compliance Asset Tracking) by GreenHunter Water is a cutting-edge well head management system and compliance tool that bundles a unique combination of proprietary software, advanced hardware and industry-standard communications technologies to provide a very powerful, effective, and user-friendly method for remote activity observation via a web-based portal for management of well-head fluids. RAMCAT includes online data monitoring which provides oil and natural gas producers real-time dynamic information on fluid levels, tank temperature, recent transactions, date and time of on-load and off-load, truck and driver identification, H2S and critical condition alarms, battery voltage, and more. The RAMCAT system enables closed-loop accountability of all well-head produced water and offers best-in-class environmental and regulatory compliance. Further, RAMCAT has the capability to monitor any type of fluid storage including above ground impoundments, temporary tanks, and fresh water storage ponds.
Hands-off Tank Level Measurement Improves Field Safety
RAMCAT incorporates a dual-float tank level sensor, an H2S sensor, other sensors and an automated valve on each oil-field tank powered by a solar-module with battery back-up. A key-code enabled kiosk contains an embedded computer, an RFID reader and a communications module. RAMCAT constantly monitors important tank attributes and automatically sends data streams to a cloud-based server at predetermined intervals. User-defined tank level and environmental alerts and security algorithms can be pre-set and customized by operators to automatically generate and send emails or SMS messages and alarms to key field personnel and oversight managers. RAMCAT providers safety in the field by eliminating manual tank level measurement and the inherent dangers associated with climbing ladders and opening tank caps which can be hazardous. By accurately measuring tank levels both before and after the pickup event, RAMCAT can calculate the amount of fluid removed from tanks more accurately than flow meters which are prone to variance when measuring produced water.
Automated Valves Reduce Theft and Cradle-to-Grave Audit Trail Satisfies New Regulatory Reporting Requirements
The automated valve is a key feature that oil and gas producers have requested to reduce accidental removal of and theft of valuable condensate “drip” gas produced alongside formation water. Even if the automated valve is by-passed, resulting in the unauthorized removal of fluids or drawdown of condensate, RAMCAT’s accurate tank level measurement equipment and communications module will notify operators and service providers of the exceptional event. RAMCAT integrates GPS tracking of all water haulers and generates cradle-to-grave audit trails that include the volume of water transported, the route traveled by the hauler, including distance and time, and the total volume of water disposed. This reporting system verifies that no produced water in the RAMCAT management network was disposed of in an unlicensed facility, verifies that specific haulers were adhering to traffic and road use laws and provides the producer with verification of the actual hauling time invoiced. RAMCAT also has the ability to acquire data from a variety of equipment currently utilized in the oil field by using industry standard MODBUS communications. This backward and forward compatibility allows oil and gas producers to improve well site intelligence while also providing a clear path for integration to expand the product to meet both current and future regulatory compliance requirements.
Commenting on today’s announcement, Jonathan D. Hoopes, President and COO of GreenHunter Water, LLC, said, “GreenHunter continues to expand our business lines within the clean water industry as it relates to oilfield use. Our existing and prospective customers continue to stress their desire for Total Water Management Solutions™ that can not only improve safety for personnel in the field, but also satisfy compliance with current and anticipated water tracking and reporting regulatory requirements in each state. RAMCAT by GreenHunter Water was specifically tailored to provide immediate access to relevant data in a user friendly manner. RAMCAT’s reporting capabilities are designed to provide information based on the unique needs of the end user as defined by discussions with and feedback from regulators, operators and their service providers. The RAMCAT platform will help to ensure consistency and auditability while supporting productivity and personalized workflows for our oil and gas customers.”
For more information, contact GreenHunter Water at: www.greenhunterwater.com
1048 Texan Trail
Grapevine, TX 76051
Any statements in this press release about future expectations and prospects for GreenHunter Energy and its business and other statements containing the words “believes”, “anticipates”, “plans”, “expects”, “will” and similar expressions constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the substantial capital expenditures required to fund its operations, the ability of the Company to implement its business plan, government regulation and competition. GreenHunter Energy undertakes no obligation to update these forward-looking statements in the future.
GreenHunter Energy is focused on water resource management in the oil and natural gas sector and the renewable energy sectors of wind, hydro, geothermal, solar, biofuels, and biomass power plants. Our assets consist of a residual interest in the future development of a wind energy project located in California and a biomass-fired power plant located near Imperial, California. Headquartered in Grapevine, Texas, GreenHunter Energy was formed to be the first publicly traded renewable energy company based in the U.S. that provides to investors a portfolio of diversified assets in the alternative energy sector. Additional information about GreenHunter Energy may be found at www.greenhunterenergy.com.
StockGuru’s Profile for GreenHunter Energy, Inc.
This is the condensed version – Full StockGuru Profile Found Here:
GreenHunter Energy, Inc. (NYSE Amex: GRH) is a diversified renewable energy company focused on water resource management, biomass power generation, wind and solar energy projects.
GreenHunter Energy’s Board of Directors and senior management made a decision earlier this year to strategically change the corporate direction to concentrate specifically on water resources management directly related to the oil and natural gas industry.
Focus on Water Needs for Oil and Gas Industry: The significant development presently ongoing in the unconventional resource plays located in the United States, and the ever-increasing needs for water to perform fracture stimulation activities, provides a significant market opportunity for the company.
Seasoned Management: GreenHunter Energy’s management is well-seasoned in the oil field with decades of experience and strong relationships in the exploration and production industry which the company plans to leverage to be a significant player within this growing business segment of water management services.
Closed on Private Placement: In late June, GreeenHunter Energy closed a private placement. Proceeds from this offering will be used for general corporate purposes and to partially fund three separate acquisitions that are planned in the water resource management space.
Water Resource Management Focus
GreenHunter’s commercial focus is specifically on water resources management directly related to the oil and gas industry.
Recent improvements in drilling and completion technologies have unlocked large reserves of hydrocarbons in multiple unconventional resources plays in North America. These new drilling methods often involve a procedure called hydraulic fracturing or hydrofracking. This process involves the injection of large amounts of water, sand and chemicals under high pressures into rock formations to create and prop open fissures to stimulate the production of oil and natural gas. According to the American Petroleum Institute, more than 1 million wells have been safely fracked in the United States during the last 60 years.
Unconventional wells can require more than four million gallons of water to complete a hydrofracking procedure. The Environmental Protection Agency estimates that 70 to 140 billion gallons of water are pumped into 35,000 fracking wells every year. According to other industry sources, the number of fracking wells exceeds 50,000 annually. Because a portion of the water that is used in the hydrofracking process will return to the surface as a by-product or waste stream (commonly referred to by oil and gas operators as frack-flowback), industry procedures for the containment, treatment, transportation, reuse and disposal of these fluids have become well-established.
In addition to frack-flowback, oil and natural gas wells also generate produced salt water or brine which is water from underground formations that is brought to the surface during the normal course of oil or gas production. Because the produced water has been in contact with hydrocarbon-bearing formations, it contains some of the chemical characteristics of the formations and the hydrocarbons. Produced water is the largest volume by-product or waste stream associated with oil and gas exploration and production. Estimates from the U.S. Department of Energy’s National Energy Technology Laboratory (NETL) suggest that the total volume of produced water generated by U.S. onshore and offshore oil and gas production activities is over 20 billion barrels or 882 billion gallons (1 barrel equals 42 U.S.gallons).
While produced water (also known as oil field brine or brine due to its high salinity content) can be reused if certain water quality conditions are met, approximately 95 percent of U.S. onshore produced water generated by the oil and gas industry is disposed of by using high-pressure pumps to inject the water into under-ground geologic formations or is discharged under National Pollutant Discharge Elimination System (NPDES) permits. The remaining 5 percent is managed through beneficial reuse or disposed through other methods including evaporation, percolation pits, and publicly owned treatment works.
Federal, state and local legislation is emerging as a result of the considerable focus that is being directed to the exploitation of North America’s abundant reserves of shale oil and natural gas. New legislation and regulatory initiatives relating to hydraulic fracturing are expected to result in increased costs and additional operating restrictions for oil and gas explorers and producers.
Management Negotiations for Three Acquisitions
GreenHunter management is in negotiations for three separate acquisitions and development projects in the water resource business as relates specifically to the unconventional shale resource plays.
The three unconventional shale plays on which GreenHunter Energy is focused are:
- The Marcellus Shale in the Appalachian Basin
- The Eagle Ford Shale in South Texas
- The Bakken Shale in North Dakota, Montana and Southern Saskatchewan
This is the condensed version – Full StockGuru Profile Found Here:
Contact GreenHunter Energy, Inc.
GreenHunter Energy, Inc.
Jonathan D. Hoopes President & COO
1048 Texan Trail Grapevine, TX 76051
Tel: (972) 410-1044
GRH Disclosure: StockGuru entered into an investor relations consulting and market awareness contract with GreenHunter Energy. We hold not shares and will not be receiving any shares. To avoid all potential conflicts of interest, we never sell shares into the open market during an active market awareness or investor relations program. This means that as we release new information about a particular client company either on our site or otherwise authored by us, you can be confident we are not selling shares at the same time. StockGuru is not a registered investment adviser or a broker/dealer. StockGuru makes no recommendation that the purchase of securities of companies profiled in this web site is suitable or advisable for any person, or that an investment in such securities will be profitable. The Company will compensate us three thousand dollars monthly in cash and four thousand two hundred dollars in 144 restricted shares based on the volume weighted average share price for the last five days of each month. Initially, we have been funded the first cash payment and are due the first five thousand shares of this contract as we begin our coverage on July 19, 2011. StockGuru – 1601 Berwick Drive – McKinney, Texas 75070 – (469) 252-3031.