Exploration & Production | Capital Markets | Private Equity Activity
Gastar Exploration Provides Operational Update on Marcellus Activity
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Gastar Exploration is pleased to provide an operational update on recent activities in Marshall County, West Virginia within the Marcellus shale area.
Gastar's first two productive Marcellus shale wells, the Wengerd 1H and Wengerd 7H, continue to exhibit strong production rates and have averaged a combined gross sales rate of 7.3 million cubic feet per day ("MMCFD") of natural gas along with 448 barrels of natural gas liquids ("NGLs") per day and 255 barrels of condensate per day ("BCPD") over the most recent 14 days of unrestricted production. Gastar owns a 44.5% working interest (37.6% net revenue interest) in the Wengerd wells.
Gastar initiated production from the Corley 1H, 2H, 3H and 4H wells over the past 30 days. The Corley wells are currently producing at a combined gross rate…
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