Technology | Service & Supply | Oilfield Services
GreenHunter Plans W. Va. Water Treatment Facility
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GreenHunter Energy Inc. has reported that its wholly owned subsidiary, GreenHunter Water, LLC, has closed on the purchase of a 10.8 acre barging terminal facility located in Wheeling, Ohio County, West Virginia.
Previously utilized as a gasoline storage facility, GreenHunter has fully engineered plans to convert the location into a water treatment, recycling and condensate handling logistics terminal with operations scheduled to begin in the third quarter of 2013.
The purchase price for the GreenHunter Wheeling Barge facility totaled $750,000. Consideration for this acquisition consisted of a new 10.5 year variable-rate loan facility with a regional bank that also includes an additional $350,000 of borrowing capacity for construction and refurbishing purposes. Management anticipates…
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