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GreenHunter Moves Forward on Facility

Jack: ‘Significant headway’ made on barging issue

August 27, 2013

WHEELING — Ohio River barges transporting natural gas fracking waste could soon carry loads from Warwood, as GreenHunter Water moves forward with its recycling plant....

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(18)

paulheckbert

Sep-24-13 8:53 AM

To the reporter, Casey Junkins: I would like to know more about the current and planned operation of this GreenHunter Water facility.

When phase 1 is completed, the facility would be used how? Frack wastewater storage? How would the presence of a frack wastewater storage facility here affect fracking wastewater handling in the area? If you could "follow the water" with your reporting, that would give us a better idea of how water is managed in the fracking industry.

Then, when phase 2 (barging?) is completed, how does this change? Where is the frack wastewater transported to, and why?

Is frack wastewater transported on barges on other US rivers or lakes? How about other toxic chemicals?

Thanks.

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wvhoopie2

Aug-28-13 11:42 AM

The State needs to up all taxes on coal, gas, and oil. If Obama wants to try restricting the growth of these he is also restricting the growth of WV. The tax would be used to improve the infrastructure and help the companies doing business in WV and help with the damages of this industry.

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icecream

Aug-28-13 2:39 AM

@atoddh; I appreciate seeing an old friend and reading your comments... I've got a lot to catch up on...Thanks!

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atoddh

Aug-27-13 11:49 PM

rag: I can tell you first hand CHPK has ceased all new leasing in Ohio County and some proposed drilling. I think the Chinese may buy them soon.

Consol may be moving into the area in a big way with leasing; possibly buying out some CHPK holdings. Consol is looking to enter gas in a big way as a hedge against coal decline. They are playing both sides; very prudently.

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atoddh

Aug-27-13 11:44 PM

rag is on target again. But, Rag, note that much of the power is in the hands of non profit /non elected quasi government agencies(eg RED,WNHAC). They are very hostile to most new business unless it aggrandizes their control and power. I know. Even if the current elected persons are all removed, the power and money is still mostly under the control of the same group of non elected people.

That is the problem in Wheeling. The public has no real say via the ballot.

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atoddh

Aug-27-13 11:37 PM

Great news. Glad Wheeling came to their senses on this one. Gas development is the only future Wheeling has.

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Hefner

Aug-27-13 8:38 PM

@ragnar: I am no fan of the councilwoman but in this case, from what I've learned from people much better informed than I am on such matters, her opposition is rightly placed. You are 100% correct that the entire city council is intelligently challenged and incapable of leading the city back to livable vibrance. As long as Herron is there and covering his tracks, Wheeling has no chance at recovery.

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Ragnar

Aug-27-13 7:00 PM

GreenHunter's market cap is about 40 times that of Ormet right now. Are any of you fine citizens asking Ormet to post bonds and such?

Some of you benefit directly or indirectly from Chesapeake's foray into the area, not knowing or caring that Chesapeake has to sale $11 BILLION in assets just to fund its' planned Capex this year.

None of GreenHunter's multiple projects is up and running. All are in the development stage.

They will either get things going and make the company into a winner or a bigger company like Waste Management will swallow up the Warwood site and make it just as nice.

Gloria has proven, time and time again, that she is not very intelligent. If the Social Security/HUD/Section 8/welfare/convicted felon crowd in Warwood likes her, so be it. But I would be very embarrassed to tell anyone she was my council representative.

All of the current city officials, including Herron and the Boy Mayor, need to be thrown out with the trash.

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idliketoknow

Aug-27-13 2:29 PM

"Frac’ water treatment and recycling start-up GreenHunter Resources is teetering on the verge of insolvency"

And I'm sure it has nothing to do with all the anti-gas fear mongering resistance they face in every community they attempt to build near...

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WVUGEO

Aug-27-13 12:45 PM

Concerning RRafael2's pertinent observation: ""from Global Water Intelligence: "Frac’ water treatment and recycling start-up GreenHunter Resources is teetering on the verge of insolvency", someone else noted that situation, and posted the following on the Wheeling Water Warriors' web site: "If GreenHunter is still to proceed with the Warwood project, since they are insolvent and apparently have little in the way of company assets, is Wheeling/the State of West Virginia, going to make certain they are fully bonded, that is, insured by credible backers, against consequential damages caused by the construction and operation of their facility? In other words, if some innocent Wheeling-area citizen or citizens is/are harmed by construction or operation of the frack waste treatment facility, who is going to pay/be able to pay compensation for the damages?" Is our public press going to perform some due diligence, make certain we taxpayers don't get stuck with a

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Hefner

Aug-27-13 11:07 AM

@ragnar: Your comments are hurtful and totally out of line. The subject of your comments is representing her constituents in this matter as she should, and if you oppose the GreenHunter dump in Warwood, you should support her on this issue.

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Hefner

Aug-27-13 10:49 AM

Wheeling does not have to lower itself to these depths. I'm reminded of the high class prostitute who worked only the four star hotels, but as age and abuse caught up with her she ended up hooking on street corners in the slums. Wheeling can be salvaged, but it requires leadership which unfortunately is seriously absent in the city today.

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mkhunt

Aug-27-13 10:19 AM

The rude comments are an indication of the type of people who are coming to your town.crime waves go with the frac drillers.people should report intimidation to the FBI and local police. look online and the past financial problems will be found. so here is a dangerous project: have they posted bond? wheeling draws the drinking water from the river. are you concerned yet? please get involved and do not remain passive. this is our responsibility!

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RRafael2

Aug-27-13 10:16 AM

From Global Water Intelligence: "Frac’ water treatment and recycling start-up GreenHunter Resources is teetering on the verge of insolvency. The company, which since 2011 has relied partly on stock sales and loans from its own chairman to continue operations, cited “substantial doubt about [its] ability to continue as a going concern” in its quarterly report filed earlier this week. Quarterly revenues rose from $4.2 million to $8.9 million year-on-year, but GreenHunter posted an operating loss of $2.1 million – a 386% increase year-on-year. As of 30 June, the company had a working capital deficit of $9.1 million. GreenHunter shares sank 6% on the results, which came shortly after the CFO announced his resignation on 12 July. A replacement was announced on 19 August. The company expects revenues from recent acquisitions to help it, although it will likely need to borrow more money for upcoming capex projects, which include a wastewater recycling plant in West Virginia."

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RRafael2

Aug-27-13 9:48 AM

Isn't this the company that is teetering on insolvency and about to go bankrupt? And do we really want to have this stuff on our River? A barge hit the Star City bridge just last week, and we find it quite revealing that this paper did not report this incident.

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mikeyd

Aug-27-13 9:48 AM

here come the trucks.all day and all night.don't worry though because all this gas is being shipped overseas and the gas supply won't last long.tear down the steel mills and rip up the rail lines.sell our energy to the countries that don't like us.this country is being set up for a fall.

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littlefox

Aug-27-13 8:23 AM

So cantankerous at 6:07 in the morning. Someone needs a nap.

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Ragnar

Aug-27-13 6:07 AM

What, no quote from the fat, cranky, low IQ big mouth representing that neighborhood?

Say it ain't so!

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