GreenHunter Water Announces First Acquisition of Marcellus Water Service Property

GREENHUNTER ENERGY, INC. GRH announced today that its wholly owned subsidiary, GreenHunter Water, has executed a definitive agreement to acquire approximately 99 mineral acres and 84 surface acres located in West Virginia where it will develop a commercial water service facility. The acquisition includes an existing well that has been approved for commercial water disposal. With this initial acquisition, GreenHunter Water will establish a foothold in the fast-growing Appalachian region. Planned uses for this location include a treatment facility for oilfield produced water, frac water and drilling mud, one or more salt water disposal wells and a heavy equipment and frac tank lay-down yard. The property to be acquired through this transaction is strategically located in the heart of the drilling activity within the Appalachian resource plays of the Marcellus Shale and new Utica Shale, as well as being strategically located nearby existing highways where water hauling trucks are very active. This development by GreenHunter Water is a direct response to a request for a proposal for water management solutions to support the Marcellus Shale drilling activities of a number of active Appalachian exploration and production companies.