Exploration & Production | Quarterly / Earnings Reports
Saltwater Disposal Demand Drives Revenue Growth for Greenhunter
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GreenHunter Resources, Inc., has announced financial results for the three months and the nine months ended September 30, 2013.
Total Disposal Volumes increased 230% in the three months ended September 30, 2013 to 1.2 million barrels (BBL) injected compared to 522 thousand BBL injected in the similar period in 2012
Total Operating Salt Water Disposal Permitted Injection Capacity as of September 30, 2013 exceeded 94 thousand BBL per day representing a 343% increase from September 30, 2012
The Company recently executed a Letter of Intent to enter into a $35 million Second Lien Credit Facility with a closing anticipated prior to year-end.
FINANCIAL AND OPERATIONAL RESULTS FOR THE THREE MONTHS ENDED SEPTEMBER 30, 2013The increase in revenues of 119% or $5.8 million was driven primarily by…
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