Gastar Exploration has recompleted the Donelson #3 well in three additional lower Bossier zones. The shallowest zone recompleted, the Lanier Sand, is currently flowing at a gross sales rate of approximately 19.1 MMcfd with approximately 5,300 psi of flowing casing pressure.
As the flowing pressure declines, Gastar plans to co-mingle the two remaining recompleted zones that are behind isolation plugs, and the original completion which was making approximately 5.5 MMcfd when shut in for the recent recompletion activity. The cost of recompleting in the three lower Bossier zones was approximately $1.5 million. Gastar owns a 62.3% working interest (47.2% net revenue interest) in the Donelson #3 well.
"These recompletions are examples of the type of behind pipe deliverability and incremental reserves typical of Gastar's deep Bossier wells," commented J. Russell Porter, Gastar's President and Chief Executive Officer. "These are low cost activities and contribute to the already outstanding economics associated with Gastar's deep Bossier drilling program. In addition, these activities afford Gastar the opportunity to maintain production and cash flow without significant capital expenditures."
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