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Gastar Exploration Ltd.

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

Gastar Exploration increases borrowing base

Gastar Exploration Inc. reports that the borrowing base under its revolving credit facility has been increased to $120 million.

Gastar Exploration expands credit facility

Gastar Exploration Inc. reports that the borrowing base under its senior secured revolving credit facility has been confirmed by the lending participants in the amount of $100 million.

Gastar Exploration updates on Hunton Limestone well

Gastar Exploration reports that the US Mid-Continent 6H well in its Hunton Limestone oil play reached a peak 24-hour gross initial production rate of 1,442 barrels of oil equivalent per day and averaged 1,133 BOE per day (86% crude oil) over the last 10 days.

Gastar Exploration USA prices senior secured notes

Gastar Exploration USA, a subsidiary of Gastar Exploration Ltd., has reported the pricing of $125 million aggregate principal amount of its 8-5/8% senior secured notes due 2018.

Gastar USA closes public offering of Series B preferred stock

Gastar Exploration USA Inc. has closed an underwritten public offering of 2,140,000 shares of its 10.75% Series B preferred stock (liquidation preference of $25.00 per share) at a public offering price of $25.00 per share.

Gastar Exploration USA begins public stock offering

Gastar Exploration USA Inc., a direct subsidiary of Gastar Exploration Ltd., has begun an underwritten public offering of Series B cumulative preferred stock.

Gastar acquires interest in Hunton limestone play

Gastar Exploration Ltd. has signed a purchase and sale agreement to acquire a 98.3% working interest (80.5% net revenue interest) in 24,000 acres of the West Edmund Hunton Lime Unit located in Kingfisher, Logan, Oklahoma and Canadian counties, Oklahoma. 

Industry Briefs

OGJ 150

Revenue, net income show small increases in 4Q2012

May 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal grew in the final...

Helix completes sale of oil and gas business

Feb 6, 2013 Helix Energy Solutions Group Inc.has closed the previously announced sale of Energy Resource Technology GOM Inc. (ERT), the company’s oil and gas s...

Revenue, net income drop sharply in 3Q12

Feb 1, 2013 Revenues for the group of publicly-traded US-based companies tracked by Oil & Gas Journal and Oil & Gas Financial Journal continued their d...

WPX Energy makes natural gas discovery in Niobrara formation

Jan 23, 2013 Tulsa, OK-based oil and gas exploration and production company WPX Energy said January 22 that a recent Niobrara gas discovery in western Colorado ...

Helix to divest oil and gas subsidiary to grow well intervention business

Dec 13, 2012 International offshore energy company Helix Energy Solutions Group Inc. has agreed to sell its oil and gas subsidiary to privately-held upstream oi...

OGFJ 100P

FourPoint raises $1B in capital, partners with EnerVest in Anadarko Basin

Jan 31, 2014 FourPoint Energy LLC has acquired certain producing and undeveloped oil and gas properties and related midstream assets in the Western Anadarko Bas...

OGFJ100P company update

Jul 11, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

Maverick Brothers Energy gets $35M in equity capital from Post Oak Energy

Apr 8, 2013 Post Oak Energy Capital LP, through investment partnerships it manages, has commitment of $35 million in equity capital to privately held explorati...

Midstates Petroleum to acquire Anadarko Basin assets from Panther Energy

Apr 4, 2013

OGFJ100P company update

Jan 1, 2013 Independent research firm IHS Herold Inc. has provided OGFJ with updated production data for our periodic ranking of US-based private E&P compa...

Oil & Gas Companies

WestSide prepares for Meridian gas field expansion

WestSide Corp. Ltd. reports that, as operator of the Meridian gas fields near Moura in Queensland’s southern Bowen Basin in Australia,  the first phase of the field’s expansion is on track to start within a month, when drilling begins on the ...

Shell reports Malaysia deepwater gas discovery

Shell has announced an exploration discovery offshore Malaysia. The successful Rosmari-1 well is located 135 kilometers offshore in Block SK318, and was drilled to a total depth of 2,123 meters.

Cunningham Energy plans ‘Dragon’s Breath’ horizontal well program

Cunningham Energy LLC is planning three additional new shallow horizontal oil wells to be drilled in Clay County, West Virginia, from the “Dragon’s Breath” pad, with specified measured depths ranging from 4,750 feet to 5,200 feet.

L&L Energy to voluntarily delist from NASDAQ

L&L Energy Inc., a US-based company with energy (coal) operations in China, has notified NASDAQ Stock Market LLC of its intention to voluntarily delist its common stock (LLEN) from the NASDAQ.

Weatherford to move headquarters to Ireland

Weatherford International Ltd. has made plans to move its corporate headquarters from Switzerland to Ireland, after the Swiss government handed investors authority to rein in top-level executive pay.

Cantex Energy announces new president, headquarters

Cantex Energy Corp. reports that its board of directors has hired Paul Henley as CEO and president. Additionally, the company’s corporate headquarters will be moved to Dallas, Texas.

Weatherford to cut back Venezuela operations

This year, Weatherford International Ltd. plans to reduce its operations in Venezuela, while expanding its operations in Russia, according to Reuters.