Exploration & Production | Drilling & Completions | Drilling / Well Results | Capital Markets | Private Equity Activity
Gastar's Marcellus Production Averaging 29.4 MMcfe/d
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Gastar Exploration Ltd. has reported an update on results of its 2012 operating activities.
Marcellus ShaleGastar currently has 34 gross (15.5 net) operated horizontal Marcellus Shale wells on production in Marshall County, West Virginia and is on track to achieve its guidance target of 38 gross (17.5 net) operated horizontal Marcellus wells on production by year-end. Gastar also has 19 operated horizontal Marcellus wells in various stages of drilling or awaiting completion, of which four gross (2.0 net) wells are expected to be on production by year end.
Total net production from the operated horizontal Marcellus Shale play for the first 16 days of December has averaged approximately 29.4 million cubic feet equivalent (MMcfe) per day. The liquids yields for these wells during this…
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