One-Page Deal Sheet
Gastar Sells Hunton Lime Property for $107.5MM
Revolution Resources Gastar Exploration Inc
Announced Date
January 26,2018
Effective Date
October 01,2017
Close Date
February 28,2018
Transaction Type
Property
Enterprise Value (EV)($MM)
108
Asset/Basin:
{Mid-Continent,"Hunton Limestone"}
TargetZones:
{"Hunton (Upper)","H
Net Acres
% Oil:
Location
Calculated Metrics( EV/Category)
Region
Mid-Continent
Country
United States
State
Oklahoma
County
Oklahoma ,Logan
Play
Production Production
Production Mix
Calculated Metrics( EV/Category)
$/ Flowing
$/ Acre
Transaction Details: Require Private Equity Subscription
Gastar has agreed to sell its West Edmund Hunton Lime asset for $107.5 million to Revolution Resources a PE-backed E&P.
The deal was closed on March 1, 2018.
Asset Details: Located in Oklahoma and Logan counties, Okla. Q3 2017 Production of 2,836 BOEPD (52% oil)J. Russell Porter, Gastar's President and CEO, commented, "This divestiture of our WEHLU assets should provide Gastar with sufficient liquidity to fund our core STACK acreage development plan through 2018. Our one rig drilling program has been re-started and we expect to be able to drill and complete approximately 20 operated…
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