Marking Strong Growth
As the company readies to start building its natural gas frack water plant in Warwood, GreenHunter Water saw revenue grow 279 percent over the past year.
“We are seeing a strong pickup in activity in Appalachia, especially around both the Marcellus and the Utica shale plays,” said Jonathan D. Hoopes, GreenHunter’s president and chief operating officer.
According to company information, GreenHunter saw $8.6 million in revenue in the first three months of this year, a jump from just $2.3 million during the same period last year. The company also injected 1.1 million barrels of fracking fluid into its injection wells in the the first quarter of 2013, up from 317,100 barrels over the first three months of 2012.
GreenHunter saw some decrease in water going to its New Matamoras, Ohio, facility during the first quarter. Officials believe this was due to “adverse weather conditions,” in addition to other matters.
GreenHunter’s site plan for the natural gas frack water project in the Warwood section of Wheeling is expected to be up for review again at the 5 p.m. July 8 Wheeling Planning Commission meeting in City Council Chambers. During the June 10 meeting, commissioners determined that GreenHunter needed to address some minor issues before commissioners signed off on the frack water recycling plan.
John Jack, vice president of Business Development for GreenHunter, said his company recycles water for natural gas producers such as Chesapeake Energy, Magnum Hunter, Chevron and others. He said there will be 19 storage tanks at the North 28th Street site, but emphasized the old rusty tanks left over from Seidler’s will be dismantled and removed.
He said the Wheeling facility will operate 24 hours per day every day, though he said “90 percent to 95 percent” of the trucks that come through each day will do say during daytime hours. Though Jack said the number of trucks entering and exiting the facility each day could vary widely, he said a “good daily estimate” would be 30.
Officials with the Nuclear Regulatory Commission said the brine GreenHunter wants to recycle in Warwood can contain radioactive radium and radon. However, officials with both the NRC and the West Virginia Department of Environmental Protection said they do not consider this material to be hazardous.
Though radium, uranium and radon are considered radioactive, Jack said these elements will be minuscule in volume. He also said radioactive materials could also be found at the Wheeling Water Pollution Control Plant.
GreenHunter also wants to, eventually, transport some of the waste by barge. Several federal agencies continue to review whether fracking waste can be shipped on inland waterways via barge.
However, this matter is not currently up for consideration by the commission because GreenHunter does not yet have permission from the U.S. Coast Guard to do this.