The company is building a complete recycling facility comparable to no other in Texas. This trailblazing facility will eliminate antiquated disposal methods of harmful drilling byproducts and contribute to producer profits by eliminating potential liability costs associated with environmental pollutions.
The company has acquired the permits to operate the oilfield waste recycling facility with the authority to make road materials compliant with State requirements and ready for sale.
The special permit allows the company to offer a “Certificate of Destruction” for the waste delivered by the producer to this facility, the sterile byproduct being sold for road base materials.
The State of Texas passed a House Bill 1331 bill in 2016 that gives operators the authority to take their waste to a recycling facility and receive a Certificate of EPA has a rule that the operators are liable from “Cradle to Grave”.
Houston Natural Resources Inc will operate with minimal, top-level overhead expenses until a solid revenue stream is attained and fully sustainable operations are established. Houston Natural Resources Inc (under the leadership and direction of HNRC) intends to dedicate the bulk of its resources to the following:
- in acquisition of producing and non-producing assets located in the oil window of the Eagle Ford Shale trend in the production rich south Texas region;
- an acquisition of producing and non-producing assets located in the prolific Permian Basin, the most active oil region in the lower 48;
- an acquisition of producing and non-producing assets located the most productive oil basin in the Rocky Mountain region.
FIVE YEAR FORECAST
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