As you know, earlier this year, GreenHunter Resources and its subsidiaries (collectively, “GreenHunter”) entered into a voluntary Chapter 11 bankruptcy process. Effective May 5, 2016, GreenHunter’s business has been successfully restructured and will be operated going forward as FQ Disposal LLC. We are greatly encouraged by the future prospects of our business portfolio as FQ Disposal. As part of our restructuring, we have partnered with a highly regarded private equity sponsor with extensive expertise and experience in the oilfield services industry. Our sponsor has made a substantial commitment to our ongoing business.
The core of GreenHunter’s management team has been retained and we expect a seamless transition.We remain committed to continue providing innovative and best in class services to our valued customers, including all of the disposal solutions we offered previously and new water management solutions offered through our new affiliated company, Fountain Quail Water Management. Click here to learn more.
FQ Disposal provides cost-effective solution sets for saltwater transportation, disposal and aboveground storage. Headquartered in Dallas-Fort Worth and working primarily in the Marcellus and Utica shale plays, we own and operate one of the most advanced trucking fleets in the Appalachian Basin. Our expanding fleet includes includes DOT-rated 407 and 412 tankers capable of transporting hydrocarbons and produced water. Fountain Quail’s experienced management team, access to low-cost, Class II Saltwater Disposal Wells, and an unsurpassed commitment to safety provide our customers with reliable wastewater disposal solutions that significantly improve water economics.
We are exploring opportunities to bring our services to multiple shale plays across North America.
The MAG Tank™, our proprietary storage solution, is a modular, aboveground wastewater storage tank with virtually unlimited size restrictions. With reusable interlocking panels, Fountain Quail’s MagTank™ is designed for installation and on a variety of well pads, taking into consideration space limitations, terrain, weather and environmental conditions. We developed the reusable MAG Tank™ in response to operators looking for ways to improve logistics, increase safety, reduce truck traffic, lower costs and expedite setup and takedown times. A key differentiator is found in the product design that allows for a flexible footprint in variable capacities using standard building blocks.