GreenHunter Water LLC recently began handling water disposal services at its newly completed salt water disposal (SWD) facility near Helena in Karnes County, TX. The facility is composed of new storage tanks and a fully contained offloading platform that features four unloading tractor trailer bays, a 150 hp pumping system and 2,400 bbl of onsite storage. The newly drilled SWD well was completed to the Middle Wilcox formation at a total depth of 7,800 feet. Green Hunter Water is a unit of GreenHunter Energy Inc. “We expect demand for Class II injection capacity in this part of the Eagle Ford Shale play to remain robust due to the increased drilling in the region directly related to the successful drilling efforts by operators in the ‘oil window’ of the Eagle Ford,” said Green Hunter Energy President Jonathan D. Hoopes. “With this new well now online and the facility operational, GreenHunter Water’s total owned disposal capacity has reached 35,000 bbl per day from a total of seven SWD wells located in five states.”

Calgary-based Lone Pine Resources Inc. has signed two separate agreements with undisclosed private oil and gas companies to sell some of its noncore assets in the Kaybob area of the Deep Basin for $19 million, subject to closing adjustments. Field estimates show the assets have a current net sales volume of approximately 3.4 MMcfe/d (82% natural gas) and total net proved reserves of 11.1 Bcfe as of Dec. 31. The two transactions each have an effective date of Aug. 1. Lone Pine said it closed on the first transaction on Sept. 25 and expects to close on the second in mid-October. The company plans to use the proceeds to reduce its debt.