The purchase deal consists of ten Peterbilt 388 trucks (2012 model year), five 150 BBL aluminum vacuum trailers and 130 BBL steel vacuum trailers.
GreenHunter president and COO Jonathan D Hoopes said this most recent addition to our hauling and logistics fleet will help to right-size our asset base relative to current demand which will allow us to reduce our dependence on third-party operators.
"We anticipate continuing our trend of realizing improved margins as we fine tune our operations and integrate these new trucks with our barge terminal leases and bulk-storage facilities," Hoopes added.
"Our customers remain very active in the liquids rich regions of the Marcellus and Utica Shale plays despite current natural gas price levels."
The company expanded its loan facility to $2.5m from $800,000 with an Appalachia regional bank, which is secured by future accounts to be received from a new long term contract with an independent exploration and production company.
GreenHunter Water, a subsidiary of GreenHunter Energy, provides Total Water Management Solution in the oilfield.
