Technology | Service & Supply | Oilfield Services
GreenHunter Adds to Marcellus, Utica Shale Fleet
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GreenHunter Energy Inc. has reported that its wholly owned subsidiary, GreenHunter Water, LLC, has ordered new rolling stock equipment assets to service oil and gas operators who are active in the Marcellus and Utica Shale plays located in the states of Pennsylvania, Ohio and West Virginia.
The new equipment will consist of three new Peterbilt 388 Bobtail (a.k.a., straight) trucks with 100 barrel (BBL) Vacuum Tanks and three new Peterbilt 388 Bobtail trucks with 100 barrel HAZMAT Certified Vacuum Tanks.
To facilitate the purchase, the Company has expanded an existing commercial loan facility with an Appalachia-based regional bank. The loan was increased from our existing lending facility of $2.1 million to $3.3 million. The equipment is scheduled to be delivered to the Appalachian region…
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