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Gastar Touts Results from First STACK Test Well; 713 BOE/d
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Gastar Exploration Inc. provided an update on its operations and other recent developments.
Meramec Well ResultsGastar also reported updated production data from its Deep River 30-1H well, its first operated test well of the STACK formation Meramec Shale play in Kingfisher County, Oklahoma. The Deep River 30-1H produced for the first 90 days of post-peak production at a gross average sales rate of 713 barrels of oil equivalent per day (61% oil), which was in-line with initial production rates in the independent reservoir engineers' estimated ultimate recovery of 705 MBoe, with oil comprising 50%of total oil equivalent volumes on a wet gas basis. Gastar has a 100% working (80% net revenue) interest in the well.
The Company also announced that it has completed its second Meramec Shale…
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