HNRC
SUBSIDIARY
SECURES EQUIPMENT FINANCING
HOUSTON,
TX -- May 7, 2021 -- InvestorsHub NewsWire
-- Houston Natural
Resources Corp. (OTC:
HNRC) ("HNR or the Company") announced
today that
HNR Oil
Services, LLC,
a wholly
owned subsidiary of Houston Natural Resources
Inc, the operating company
of HNRC has closed
$300,000
in
financing
for
additional
equipment. The new
equipment will
more than
triple HNR Oil Services,
LLC operating capacity at
its YO Ranch SWD processing facility.
The equipment will
provide substantial expansion of HNR Oil Services operating
capacity in excess,
of three
times its current capacity. With this additional equipment HNR Oil
Services LLC will provide the capacity to dispose of up
to the
state permitted
capacity of 25,000
Barrel per day of highly toxic oil field wastewater. We expect our
months revenues to increase to in excess of $300,000 per month with
an estimated $225,000 per month of Net Operating
Income.
The
company anticipates
an
increase in income from oil recovery sales from the new
equipment.
The company's
subsidiary HNR Oil Services LLC owns a water treatment and disposal
facility located in Wilson County, Texas that exceed all state and
federal regulatory requirements, provide maximum environmental
protection and will generate multiple streams of revenue for the
company via the saltwater disposal and byproduct
remediation.
HNR
Oil
Services
anticipates
a
rapid
expansion
with
four
additional processing
facilities
across
all
suitable
oil
and gas
producing regions, increasing
to
seven
facilities
in
the
next
five
years.
About
Houston Natural Resources Corp
Houston
Natural Resources Corp (www.HoustonNaturalResources.com)
(OTC:HNRC).
The Company is dedicated to increasing shareholder value through
developing natural resources with state-of-the-art innovative
technologies in tandem with sustainable environmental services of
toxic oil field waste disposal and recycling that are
environmentally safe and socially
responsible.
FORWARD-LOOKING
STATEMENTS:
This
press release may contain "forward-looking statements" within the
meaning of the Private Securities Litigation Reform Act of 1995.
Statements other than statements of historical facts included in
this press release may constitute forward-looking statements and
are not guarantees of future performance or results and involve a
number of risks and uncertainties.
Contact:
Houston
Natural Resources Corp.
E-mail:
frank@HoustonNaturalResources.com
Houston
Texas USA.
