Gastar

Gastar Emerges From Chapter 11, Goes Private

Midcontinent pure-player Gastar Exploration Inc. emerged from bankruptcy protection as a private company on Tuesday, after completing a financial restructuring and eliminating more than $350 million of debt and preferred equity obligations from its balance sheet.

January 25, 2019

Gastar Still Searching for Buyer as Bankruptcy Proceedings Continue

Gastar Exploration Inc. has extended its marketing efforts to sell the company entirely, announcing recently that it would accept proposals from interested parties until next month as it continues with Chapter 11 bankruptcy proceedings.

November 26, 2018

Gastar Reaches Deal with Ares to Restructure, File for Bankruptcy

Midcontinent pure-play Gastar Exploration Inc. has entered a restructuring support agreement (RSA) with affiliates of Ares Management LLC, the company’s largest shareholder and only funded-debt creditor, and plans to file for Chapter 11 bankruptcy protection in the coming days.

October 30, 2018

Briefs — Gastar Delisted

The New York Stock Exchange has delisted Gastar Exploration Inc. common and preferred stock after it failed to meet listing standards. Gastar plans to soon be traded on the OTCQB over-the-counter market. Gastar said in July it could be sold or instead restructure the balance sheet. Gastar is a Midcontinent pure-play that works in the Anadarko Basin.

September 10, 2018

Gastar Considering Sale, Restructuring

Houston-based Gastar Exploration Inc. said in a regulatory filing on Monday it has hired advisers to explore strategic alternatives, including the possibility of selling the company or restructuring the balance sheet.

July 24, 2018
Gastar Deals West Edmund Package to Direct More Funding to STACK

Gastar Deals West Edmund Package to Direct More Funding to STACK

Midcontinent pure-play Gastar Exploration Inc. has reached an agreement to sell a big package of its Oklahoma assets to direct more funding to other stacked reservoirs in the state.

January 26, 2018
Gastar Stacking It Higher in The STACK

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.

March 23, 2017
Gastar Lands Deal to Refinance Balance Sheet, Double Down in Midcontinent

Gastar Lands Deal to Refinance Balance Sheet, Double Down in Midcontinent

Gastar Exploration Inc. has a new financial partner in Ares Management LP, announcing last week that the investment firm has agreed to provide $425 million to help refinance its balance sheet and provide the liquidity the company needs to continue de-risking its Midcontinent assets.

February 21, 2017

Gastar Closes on Sale of Noncore Assets; Borrowing Base Trimmed to $85M

Midcontinent pure-play operator Gastar Exploration Inc. said it has closed on the sale of certain noncore assets in Oklahoma to an undisclosed buyer for $74.7 million, and that its borrowing base has been trimmed to $85 million.

November 21, 2016
STACK-focused Gastar Busy Drilling in Meramec, Has Eye On Osage, Oswego

STACK-focused Gastar Busy Drilling in Meramec, Has Eye On Osage, Oswego

Gastar Exploration Inc. could add a third rig in 2017 as it continues delineating its acreage in the Sooner Trend of the Anadarko Basin, mostly in Canadian and Kingfisher counties (aka, the STACK).

November 14, 2016
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