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Gastar Focuses on STACK Ops in Q2 After Ditching Marcellus Assets
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Gastar Exploration Inc. reported financial and operating results for the three and six months ended June 30, 2016.
Key Points: Year to date 2016 net capital expenditures in the Mid-Continent totaled $23.1 million Drilling program of up to nine wells that will test the STACK potential across our northern acreage in Kingfisher County, Oklahoma as well as allow us to pursue a drilling program to de-risk our southern acreage in Canadian County, Oklahoma. On June 20, 2016, Gastar spudded its first operated Osage test well, the McGee 29-1H, with a projected vertical depth of approximately 7,600 feet and a 4,200 foot horizontal lateral in Garfield County, Oklahoma. On April 8, 2016, Gastar sold substantially all of its producing assets and proved reserves and a significant portion of its…- ✓ Full news archive — U.S., Canada & international coverage
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