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Gastar IPs Hunton Lime Well; Preps Third for Completion
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Announced in conjunction with its April 1, 2013 MidContinent acquisition deal, Gastar Exploration Ltd. has detailed information on its previously acquired Mid-Continent oil play leasehold.
The acreage consists of approximately 51,700 gross (21,700 net) acres in Major, Garfield and Kingfisher counties in Oklahoma, which was acquired in a joint venture with a third party operator.
The primary target of this acreage is also the Hunton Limestone formation. Gastar's second well in the play began producing on February 15 and has produced a daily average rate for the most recent ten days of 853 barrels of oil, 687 Mcf of natural gas and 411 barrels of completion fluids. Less than 7% of completion fluids have been recovered to date. The production rates to date from the second well have…
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