GreenHunter Water Acquires Barging Terminal in Wheeling, Ohio County, West Virginia

  GreenHunter Water Acquires Barging Terminal in Wheeling, Ohio County, West
  Virginia

  Waste Fluid Recycle and Reuse Facility to Serve Utica Shale and Marcellus
                                 Shale Region

Business Wire

GRAPEVINE, Texas -- March 14, 2013

GreenHunter Energy, Inc. (NYSE MKT: GRH) (NYSE MKT: GRH.PRC), a diversified
water resource, waste management and environmental services company
specializing in the unconventional oil and natural gas shale resource plays,
announced today 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 commencing construction in mid-April 2013.
The current plan for the terminal is to convert the existing 11,000 square
foot warehouse into a water recycling station and build up to 19,000 barrels
of water tank storage. The total construction cost is currently estimated at
$1.7 million resulting in approximately fifteen new jobs during construction
and another twelve permanent operations job opportunities once completed.
GreenHunter will employ a vibration separation nano-filtration system at the
barge terminal to remove suspended solids from oilfield brine. Oilfield
producers will be given the option to reuse remediated fluids under
GreenHunter’s Frac-Cycle™ services offering (which can be scaled to 10,000
barrels per day at the terminal) or take advantage of GreenHunter’s advanced
barge logistics capabilities to significantly reduce residual waste
transportation costs.

Commenting on this acquisition, John Jack, GreenHunter Vice President in the
Appalachian region, stated, “The GreenHunter Wheeling Barge terminal facility
will be ‘first-of-its-kind’ in the country once we complete construction. As
the dominant commercial disposal well operator in the Appalachia region, we
have received numerous requests from our customers to expand our Frac-Cycle™
offering. The GreenHunter Wheeling Barge facility will offer a one stop shop
for Appalachia producers for condensate handling, oilfield brine recycling,
reuse and disposal in addition to barge transloading services. We anticipate
having vacuum trucks staged onsite for quick response to both the Utica and
Marcellus Shale drilling and producing areas. The Wheeling terminal is located
within 30 miles of the emerging Utica Play and is conveniently accessed via
Interstate 70. With this acquisition, GreenHunter now has two barge handling
facilities located along the Ohio River. GreenHunter continues to look for
ways to reduce the cost of water handling and disposal for our customers in
this region.”

For a visual animation of the Class II Salt Water Disposal well development
and completion technique that is being utilized in GreenHunter Water’s
Appalachia, Eagle Ford, Mississippian Lime and Bakken SWD program, navigate to
the video by clicking on “Salt Water Disposal Animation” button on the
Operations tab at GreenHunterEnergy.com or click here.

About GreenHunter Water, LLC (a wholly owned subsidiary of GreenHunter Energy,
Inc.)

GreenHunter Water, LLC provides Total Water Management Solutions™ in the
oilfield. An understanding that there is no single solution to E&P fluids
management shapes GreenHunter’s technology-agnostic approach to services. In
addition to licensing of and joint ventures with manufacturers of mobile water
treatment systems (Frac-Cycle^TM), GreenHunter Water is expanding capacity of
salt water disposal facilities, next-generation modular above-ground storage
tanks (MAG Tank™), advanced hauling and fresh water logistics
services—including 21st Century tracking technologies (RAMCAT^TM) that allow
Shale producers to optimize the efficiency of their water resource management
and planning while complying with emerging regulations and reducing cost.

Additional information about GreenHunter Water may be found at
www.GreenHunterWater.com

Forward-Looking Statements

Any statements in this press release about future expectations and prospects
for GreenHunter Energy and its business and other statements containing the
words "believes," "anticipates," "plans," "expects," "will" and similar
expressions constitute forward-looking statements within the meaning of the
Private Securities Litigation Reform Act of 1995. Actual results may differ
materially from those indicated by such forward-looking statements as a result
of various important factors, including the substantial capital expenditures
required to fund its operations, the ability of the Company to implement its
business plan, government regulation and competition. GreenHunter Energy
undertakes no obligation to update these forward-looking statements in the
future.

Contact:

GreenHunter Energy, Inc.
Jonathan D. Hoopes
President & COO
1048 Texan Trail
Grapevine, TX 76051
Tel: (972) 410-1044
jhoopes@greenhunterenergy.com
 
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