GreenHunter Water Acquires New Equipment Fleet

GreenHunter Water, LLC, a wholly owned subsidiary of GreenHunter Energy, Inc. (NYSE Amex: GRH), has 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% utilization within the first 15 days of delivery currently scheduled on or about December 15, 2011.

The equipment consists of five new (2012) Peterbilt 388 trucks, five (5) 130 BBL Vacuum Trailers and five (5) 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.”

About GreenHunter Water

GreenHunter Water, LLC provides Total Water Management Solutions™ in the oilfield. An understanding that there is no single solution to E&P fluids management shapes GreenHunter's technology-agnostic approach to services. In addition to licensing of and joint ventures with manufacturers of mobile water treatment systems (Frac-Cycle™), GreenHunter Water is expanding capacity of salt water disposal, temporary above-ground storage, hauling and fresh water logistics services – including 21st Century tracking technologies (RAMCAT™) that allow Shale producers to optimize the efficiency of their water resource management and planning while complying with emerging regulations.

Additional information about GreenHunter Water may be found at www.GreenHunterWater.com

Forward-Looking Statements

Any statements in this press release about future expectations and prospects for GreenHunter Energy and its business and other statements containing the words "believes," "anticipates," "plans," "expects," "will" and similar expressions constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including the substantial capital expenditures required to fund its operations, the ability of the Company to implement its business plan, government regulation and competition. GreenHunter Energy undertakes no obligation to update these forward-looking statements in the future.