Gastar announced that the Streater #1 well was successfully completed in a single middle Bossier zone and is producing at a gross sales rate of approximately 10.3 MMCFD of natural gas at a flowing casing pressure of approximately 8,900 psi. Gastar has a 100% before payout working interest (approximately 76% before payout net revenue interest) in the Streater #1 well.
J. Russell Porter, Gastar's President and CEO, commented, "The Streater #1 well was drilled in the northern portion of Gastar's acreage and confirms that the middle and upper Bossier formations are productive across a large portion of Gastar's 32,000 gross acre leasehold. This completion is from a single zone and we plan on adding at least two additional Bossier completions once the formation pressure in this zone declines."
Most Popular Articles
From the Career Center
Jobs that may interest you