Exploration & Production | Drilling & Completions | Well Cost | Well Lateral Length | Top Story | Capital Markets | Capital Expenditure | Drilling Program | Private Equity Activity
Gastar Increases 2015 Capex, D&C Capex Remains Same
Print
|
Gastar Exploration Inc. has announced its 2015 capital budget and provided full-year 2015 production guidance.
2015 Capital BudgetGastar's Board of Directors has approved a 2015 capital budget of approximately $257.3 million, comprised of $222.7 million of drilling, completion and infrastructure costs, $28.0 million of land and seismic expenditures, and other capitalized costs of approximately $6.6 million.
Gastar's 2015 capital budget is expected to provide for: 44 gross (27.1 net) wells in the Hunton Limestone play, six gross (3.0 net) wells in the Marcellus Shale play, two gross (1.5 net) wells total in the Utica Shale play, including one gross (0.5 net) horizontal well and one gross (1.0 net) vertical well, and two gross (1.5 net) wells in the Mid-Continent Stack Play. Gastar's…Finish this article — free account or subscription
- ✓ Full news archive — U.S., Canada & international coverage
- ✓ A&D transactions — asset deals, corporate M&A, assets for sale
- ✓ Permits & completions data, plus 900,000+ slides & presentations
No credit card. Includes 15 days of full access to permits, deals, completions and presentations.
Already a subscriber? Log in