Gastar Exploration Ltd.
| Gastar Exploration Ltd. 1331 Lamar, Suite 1080 Houston, TX 77010 713-739-1800 |
Gastar Exploration Ltd. is an exploration and production company focused on finding and developing natural gas assets in North America and Australia. The Company pursues a strategy combining select higher risk, deep natural gas exploration prospects with lower risk coalbed methane (CBM) development.
The Company owns and operates exploration and development acreage in the deep Bossier gas play of East Texas. Gastar’s CBM activities are conducted within the Powder River Basin of Wyoming and on approximately 5 million gross acres controlled by Gastar and its joint development partners in Australia’s Gunnedah Basin, PEL 238, 433 and 434, located in New South Wales, and the Gippsland Basin, EL 4416, located in Victoria. For more information, visit our web site at http://www.gastar.com.
Presenter: - J. Russell Porter - Chairman, President & CEO
Latest Gastar Exploration Ltd.News
Industry Briefs |
Gastar Exploration settles dispute with ChesapeakeHouston-based Gastar Exploration Ltd. [NYSE: GST] said April 1 that it will acquire about 157,000 net acres in Oklahoma, repurchase nearly 6.8 million shares of common stock, and settle litigation with Oklahoma City-based Chesapeake Energy Corp. [NYSE: CHK] in an $85 million deal. |
John M. Selser is new chairman of Gastar ExplorationGastar Exploration Ltd. [NYSE MKT: GST] has named John M. Selser as chairman of its board of directors. He replaces Floyd Price who has resigned from Gastar’s board. |
Haynesville Shale surpasses Barnett as US's largest shale gas producerThe Haynesville Shale in Louisiana surpassed the Barnett Shale in Texas as the nation's highest production shale gas play in 2011, according to the US Energy Information Agency. |
Industry Briefs |
Gastar wells demonstrate productivity of Marcellus ShaleGastar Exploration’s first two horizontal Marcellus wells, the Wengerd 1H and 7H, produced at a combined gross initial 30-day rate of 7.1 MMcfd of 1285 btu/Mcf natural gas and 176 bbls of condensate per day |
As Marcellus Shale volumes increase, new infrastructure is being constructed
In terms of acreage, the Marcellus Shale is the largest major shale play east of the Mississippi River. It runs through parts of five states, including New York, Pennsylvania, Ohio, Maryland, and West Virginia.
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Haynesville Shale surpasses Barnett as nation's top-producing shale gas play
It seems that we don't hear as much about the Haynesville Shale these days.
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