Items Tagged with 'gastar'

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Gastar Stacking It Higher in the STACK

Gastar Exploration Inc. has acquired additional working and net revenue interests in 66 gross (9.5 net) producing wells and 5,670 net acres of additional STACK oil and gas leasehold in Kingfisher County, OK.

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Gastar to Sell Some Oklahoma Assets, Suspend Dividend Payments

Days before it expects to close on a deal to sell all of its assets in the Appalachian Basin and become a pure play operator in the stacked Midcontinent, Gastar Exploration Inc. said it plans to sell about one quarter of its assets in Oklahoma and will suspend its monthly cash dividend in order to maintain liquidity. Read More

Gastar Exits Appalachian Basin, Sells Marcellus/Utica Assets to Tug Hill

Gastar Exploration Inc. said Monday that it would sell its Marcellus and Utica shale assets to an affiliate of privately held investment developer Tug Hill Inc. for $80 million and exit the Appalachian Basin in favor of its Midcontinent assets. The company added, however, that it would mostly suspend exploratory drilling there until 2017 on low oil and gas prices. Read More