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Gastar Details 4Q Results; MidContinent, Appalachia
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Gastar Exploration Inc. reported financial and operating results for the three months and year ended December 31, 2015.
Guidance for First Quarter 2016We are providing first quarter 2016 guidance and we are reiterating our pro forma guidance for the first quarter of 2016 assuming that the closing of the sale of certain Appalachian Basin assets occurred January 1, 2016. We are not issuing full year guidance due to the uncertainty of our 2016 capital program and our desire to continue to react to commodity prices and capital availability.
J. Russell Porter, Gastar's President and CEO, commented, "We are pleased to have generated a 33% increase in year-over-year production volumes, despite a 41% reduction in net capital spending over the same period. Our ability to grow production…
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