GRAPEVINE, TEXAS - GreenHunter Water, LLC, completed the purchase of new equipment assets to be used to service a new long term contract to haul and dispose produced water for several major oil companies that control significant mineral leasehold acreage positions in the Marcellus and Utica Shale plays located in Pennsylvania, West Virginia, and Ohio.

New revenues from these GreenHunter Water recently acquired assets are scheduled to commence immediately and should exceed $3.2 million during calendar 2012. GreenHunter management projects this equipment to have 100-percent utilization within the first 15 days of delivery.

The equipment consists of five new (2012) Peterbilt 388 trucks, five 130 BBL Vacuum Trailers and five vacuum pumps and related equipment. Operating personnel are in the process of being hired.

Jonathan D. Hoopes, president and COO of GreenHunter Energy, Inc. stated, "We are excited to announce the closing of this equipment purchase for our Marcellus Shale region. With this acquisition, we will further establish our water services foothold in this fast growing unconventional resource play. We appreciate the hard work and due diligence performed by our new bank lender and the confidence placed by them in our water management business. We anticipate leveraging this transaction to further expand our existing operations."