Exploration & Production | Top Story | Capital Markets | Capital Expenditure | Private Equity Activity
Gastar Unveils 2014 CapEx; Outlines Oklahoma, Appalachia Well Plans
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Gastar Exploration Inc. has unveiled its 2014 capital budget.
J. Russell Porter, Gastar's President and CEO, commented, "With our plan to devote approximately 60% of our 2014 drilling and completion capital budget to our Hunton Limestone oil play in Oklahoma, we anticipate that our reserves mix will be even more enhanced towards higher valued liquids in 2014; although without limiting our exposure to significant low cost natural gas reserves as we test the Utica potential on our Marshall and Wetzel County positions in West Virginia."
Capital BudgetGastar's Board of Directors has approved a 2014 capital budget of approximately $192 million, comprised of $146 million of drilling, completion and infrastructure costs, $36 million in leasing costs and $9 million for capitalized interest and…
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