One-Page Deal Sheet
Gastar Sells WV Marcellus Property For $80 Million
Tug Hill Operating Gastar Exploration Inc
Announced Date
February 22,2016
Effective Date
January 01,2016
Close Date
April 08,2016
Transaction Type
Property
Enterprise Value (EV)($MM)
80
Asset/Basin:
{"Appalachian Basin"}
TargetZones:
{"Marcellus Shale","
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
West Virginia
County
Marshall ,Wetzel
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Require Private Equity Subscription
Closing Announcement - April 7, 2016
Initial Announcement - February 22, 2016
Gastar Exploration Inc. has announced that it has entered into a definitive purchase and sale agreement to sell certain Appalachian Basin assets primarily located in Marshall and Wetzel Counties, West Virginia.
Marcellus and Utica/Point Pleasant Property $80 MM PSAGastar's Position in West Virginia:
Gastar has entered into a PSA with an affiliate of Tug Hill Inc. for the sale of certain of its Marcellus Shale and Utica/Point Pleasant properties for $80.0 million, subject to customary closing adjustments. The…
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