The total purchase price for this acquisition was $8.8m.
The acquired assets also included a fleet of nine water hauling vacuum trucks, and 37 frac tanks (500 barrel capacity each).
Total current salt water disposal capacity is 9,000 barrels per day (BBL/D), of which 6,000 BBL/D is from two wells located in Ohio and approximately 3,000 BBL/D is from one well located in Kentucky.
GreenHunter president and COO Jonathan D Hoopes said the company has been working on this transaction since April 2011 and the acquisition accelerates its growth plan to achieve 12,500 BBL/D total injection capacity in the Marcellus as well as Utica Shale plays by the end of 2012.
"We plan to continue our expansion activities specifically in these fast growing unconventional resource plays and hope to announce new transactions in the Eagle Ford and Bakken regions in the near future," said Hoopes.
