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Energy Update: Greenhunter changes nameMay 31, 2013
GreenHunter Energy Inc. of Grapevine has changed its name to GreenHunter Resources Inc.
Approved by company shareholders on May 8 and effective May 24, the new name poses no change to the company’s stock and preferred stock symbols.
“The company believes that the name change to GreenHunter Resources Inc. more accurately reflects the nature and future business opportunities for the company,” reads a GreenHunter news release.
In the last 18 months, the company has pursued a new business strategy of focusing on water-resource management relating to the oil and gas industry. It has assembled a suite of water-management products and services marketed as Total Water Management Solutions.
GreenHunter has developed water services for shale or unconventional oil and gas exploration, including saltwater disposal wells, water recycling technologies, trucking and advanced fluids logistics solutions, water storage tank equipment and rental, environmental clean-up and fresh water procurement.
Other services the company is considering providing are hot oiler service, in which it would provide frac water heating and other services required for oil and or gas wells in colder climates, and water pipeline construction and transportation. It would entail laying permanent and/or temporary water lines to transport produced liquids.
GreenHunter Resources Inc. is a diversified renewable energy company focused primarily on water resource management in oil and shale resource plays. More information is available at www.greenhunterenergy.com.
CrossTex begins open season for NGL pipeline
Crosstex NGL Pipeline LP of Dallas is accepting volume commitments as it begins a binding open season for interstate common-carrier transportation service on its new natural gas liquids pipeline
Known as the Crosstex NGL Pipeline, the conduit is expected to transport unfractionated NGLs produced in the Barnett Shale, Permian Basin, Eagle Ford Shale and other areas from the Mont Belvieu, Texas, area to NGL fractionation facilities in Acadia and Ascension parishes in Louisiana.
Fractionators separate natural gas liquids in a process known as fractionation.
In its first year of operation, the pipeline is expected to have a 77,000-barrel daily capacity to Acadia Parish. That’s expected to reach up to about 132,000 barrels per day thereafter. The open season began May 24 and closes at 5 p.m. June 21.
More information about the open season is available by contacting Terry Brown at 214-953-9510 or Terry.Brown@crosstexenergy.com.
Crosstex Energy LP, a midstream natural gas company, operates about 3,500 miles of natural gas, natural gas liquids and oil pipelines, 10 processing plants and four fractionators. The partnership also operates rail terminals, brine water disposal wells and a truck fleet. More information is available at www.crosstexenergy.com.
Halliburton deploys CNG pilot fleet
Halliburton Co. has deployed almost 100 light-duty trucks fueled by compressed natural gas nationwide as part of the company’s new fleet rollout.
“There is considerable focus across the industry to identify multiple ways to leverage this abundant, reliable and cleaner-burning source of energy in day-to-day operations,” said Halliburton Western Hemisphere President Jim Brown in a news release.
“The fleet of CNG [compressed natural gas] vehicles is one more example where Halliburton is leading among oil and gas services companies regarding the use of American natural gas,” Brown said.
When operating on compressed natural gas, the vehicles emit about 90 percent fewer emissions than gasoline-powered vehicles and save about $5,100 per truck in fuel cost annually, according to
“With this pilot program, we expect to obtain a wealth of information on what it would take to bring about a successful, broader adoption of CNG light-duty vehicles across the company,” Brown said.
About 15 locations will receive the company’s new CNG truck fleet, including those in California, Colorado, Louisiana, Oklahoma, Pennsylvania, Texas and Utah.
Halliburton, headquartered in Houston and Dubai, United Arab Emirates, provides products and services to the energy industry and has more than 73,000 employees in 80 countries. More information is available at www.halliburton.com.
Air Liquide announces new U.S.
organization, leadership team
Air Liquide, based in Paris but with U.S. operations headquartered in Houston, has realigned its U.S. executive management team as part of the company’s recently introduced strategic organization and growth plan.
Leading the company’s Americas operation is Michael J. Graff, chairman and CEO of American Air Liquide Holdings Inc., as well as chairman of Air Liquide USA LLC and Air Liquide Canada Inc. Graff oversees North, South and Central American operations as well as those in the Caribbean. He has been at the helm of the Americas business operations since 2008.
Reporting to Graff and leading the company’s U.S. industrial gas business operations is John Buckley, CEO of Air Liquide USA LLC. Buckley recently joined Air Liquide from Dow Chemical Co., where he most recently was president of its Angus Chemical Co. subsidiary.
“This new platform, and the leadership team now in place, will provide the strategic leadership to drive and optimize our activities and better leverage our competencies and resources,” Graff said.
Air Liquide provides industrial gases and services. Nearly 2,000 of its 5,000 U.S. employees work in Texas. More information is available at www.airliquide.com.
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