One-Page Deal Sheet
Private Equity Firm Joins Forces with Gastar for STACK Development
Not Disclosed Gastar Exploration Inc
Announced Date
October 20,2016
Transaction Type
JV - DrillCo
Asset/Basin:
{STACK,"Anadarko Basin"}
TargetZones:
{Meramec,Osage,"Miss
Net Acres
Transaction Details: Require Private Equity Subscription
Gastar Exploration has signed a deal with a large private global investment fund to jointly develop up to 60 Gastar operated wells in the STACK Play in Kingfisher County, Oklahoma.
The drilling program will target the Meramec and Osage formations within the Mississippi Lime on a contract area within three townships covering approximately 18,000 undeveloped net mineral acres under leases held by Gastar. Gastar will be the operator of all wells jointly developed under the Development Agreement.
Under the Development Agreement, the Investor will fund 90% of Gastar's working interest portion of…
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