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Gastar Talks Hunton Lime Ops, Acreage Sale & Future Outlook
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Gastar Exploration Ltd. has reported a Q2 update on its Hunton Limestone Oil Play operations.
At June 30, 2013, we held leases covering approximately 300,300 gross (183,400 net) acres in Major, Garfield, Canadian and Kingfisher Counties, Oklahoma in the Hunton Limestone horizontal oil play.
Net production from the Hunton Limestone area averaged 640 BOE (3.8 MMcfe) per day in the second quarter, of which 60% was crude oil. Second quarter volumes includes approximately 1.1 MMcfe/d of net production related to the Chesapeake assets acquired on June 7, 2013, of which approximately 21% is crude oil and 7% is NGLs.
Gastar and our operating partner have drilled and completed four horizontal wells to date in our original Oklahoma area of mutual interest (AMI). A fifth well has been drilled and…
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