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GRH > SEC Filings for GRH > Form 8-K on 30-Jun-2014All Recent SEC Filings

Show all filings for GREENHUNTER RESOURCES, INC.

Form 8-K for GREENHUNTER RESOURCES, INC.


30-Jun-2014

Entry into a Material Definitive Agreement, Financial Statements and


Item 1.01 Entry into a Material Definitive Agreement.

On June 24, 2014, the Company's wholly-owned subsidiary, GreenHunter Pipeline, LLC entered into three definitive agreements with Tuesday Pipeline, LLC, an affiliate of Major Pipeline, LLC, concerning the transportation of brine, condensate and water through three pipelines to be constructed by Tuesday Pipeline in and around the Claysville, PA area to an area located around Benwood, WV, pursuant to a Brine Transportation Agreement, a Condensate Transportation Agreement and a Water Transportation Agreement.

The Brine Transportation Agreement obligates GreenHunter Pipeline to transport a minimum of 900,000 barrels of brine through the pipeline every two months over the life of the Agreement. GreenHunter Pipeline shall pay a throughput fee between $2.50 per barrel and $2.30 per barrel over the life of the Agreement. The Agreement is for an initial term of ten (10) years with GreenHunter Pipeline having two (2) five year renewal options.

The Condensate Transportation Agreement obligates GreenHunter Pipeline to transport a minimum of 600,000 barrels of condensate through the pipeline every two months over the life of the Agreement. GreenHunter Pipeline shall pay a throughput fee between $3.00 per barrel and $2.85 per barrel over the life of the Agreement. The Agreement is for an initial term of ten (10) years with GreenHunter Pipeline having two (2) five year renewal options.

The Water Transportation Agreement obligates GreenHunter Pipeline to transport a minimum of 600,000 barrels of brine through the pipeline every two months over the life of the Agreement. GreenHunter Pipeline shall pay a throughput fee between $3.50 per barrel and $3.30 per barrel over the life of the Agreement. The Agreement is for an initial term of ten (10) years with GreenHunter Pipeline having two (2) five year renewal options.

The Brine Transportation Agreement, the Condensate Transportation Agreement and the Water Transportation Agreement are incorporated herein by reference and is attached hereto as Exhibit 10.1, Exhibit 10.2 and Exhibit 10.3, respectively. The Company's press release, dated June 30, 2014, attached hereto as Exhibit 99.1 is incorporated herein by reference.



Item 9.01. Financial Statements and Exhibits

(a) Financial Statements of Business Acquired.

Not applicable.

(b) Pro Forma Financial Information.

Not applicable.

(c) Shell Company Transactions.

Not applicable.

(d) Exhibits.

Exhibit
Number  Exhibit Title
        Brine
        Transportation
        Agreement
        between
10.1    GreenHunter
        Pipeline, LLC,
        and Tuesday
        Pipeline, LLC
        dated June 24,
        2014.

        Condensate
        Transportation
        Agreement
        between
10.2    GreenHunter
        Pipeline, LLC,
        and Tuesday
        Pipeline, LLC
        dated June 24,
        2014.

        Water
        Transportation
        Agreement
        between
10.3    GreenHunter
        Pipeline, LLC,
        and Tuesday
        Pipeline, LLC
        dated June 24,
        2014.

        GreenHunter
        Resources
99.1    Press Release
        dated June 30,
        2014

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