67 WALL STREET, New York - August 16, 2013 - The Wall Street Transcript has just published its Water Services Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Water Infrastructure Development - Irrigation and Metering Technology - Water Industry Consolidation - Regulatory Headwinds for U.S. Utilities
Companies include: GreenHunter Energy, Inc. (GRH) and many more.
In the following excerpt from the Water Services Report, the Director, President and COO of GreenHunter Resources, Inc. (GRH) discusses company strategy and the outlook for this vital industry:
TWST: What other services do you offer?
Mr. Hoopes: Well, there is a big push in the industry to reduce these E&P companies' impact on the environment. The biggest reduced impact on the environment is by taking trucks off the road. It's not how much water they consume, because compared to the golf industry or agriculture and others, oil and gas uses a very, very small amount, and the economic return for the used water in the oil and gas industry is massive. It is multiples of anybody else's. But people still say, "well, you use a lot of water." But the way you can reduce impact on a community and the environment is by reducing trucks, and we want to do that by allowing water to be reused.
If you reuse water, you don't have to use trucks to dispose of it. If you store it on site, which you do with our MAG Tank, then you don't have to truck it out. Right now, the rules and regulations aren't as stiff as they will be after the EPA completes a study in 2014 on fracking and its water consumption. We use a remote-access tracking tool, which is deployed in the field at the operator's well pad, monitors their tank levels, helps us dispatch trucks remotely through a Web presence as opposed to having to go there and gauge the tanks physically, which is dangerous, because the guys have to climb up on top of a 12-foot tank to physically examine it.
GreenHunter doesn't want to be in the business of exploring technologies and developing R&D, so we have an open-door policy for anybody in the industry that has water-cleanup technologies, and we are happy to field test and validate those, and if it works, add it to our offerings of services that may or may not make sense for our customers now. That means that we have purchased a type of water cleanup system that we have an operation at one of our riverside barge facilities, where we actually take high-solids water that typically needs to go landfill, and it costs around $16 to $18 a barrel to be dewatered and disposed. We can actually ...
For more of this interview and many others visit the Wall Street Transcript - a unique service for investors and industry researchers - providing fresh commentary and insight through verbatim interviews with CEOs, portfolio managers and research analysts. This special issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.