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Gastar Focuses on STACK Drilling in Q3; Details Well Results
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Gastar Exploration reported its Q3 2016 results.
Key Points: Two rigs running in the MidcontinentLatest Well Results:
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Operations Review and UpdateAverage daily production for the third quarter of 2016 was 5,900 barrels of oil equivalent per day as compared to 13,600 Boe/d in the third quarter of 2015 and 6,400 Boe/d in the second quarter of 2016.
Mid-ContinentThe following table provides a summary of Gastar's Mid-Continent production volumes and average commodity prices for the three and nine months ended September 30, 2016 and 2015:
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Third quarter 2016 net production from the Mid-Continent area increased 3% compared to the third quarter 2015 and was down 5% when compared to the second quarter of 2016. Third quarter 2016 Mid-Continent production consisted…
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