Gastar Exploration Company News

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Gastar Exploration Files for Chapter 11 Bankruptcy
Monday, October 29, 2018 The pure play Mid-continent energy company has entered into a restricting support agreement with its largest creditor and shareholder.

Gastar to Buy Back Chesapeake Stake
Monday, April 01, 2013 Gastar enters into a definitive agreement to acquire proven reserves and undeveloped leasehold interests in Kingfisher and Canadian counties from Chesapeake.

Gastar Pleased with Initial Marcellus Production Rates
Wednesday, September 21, 2011 Gastar's first two Marcellus wells, the Wengerd 1H and 7H wells, produced at an average combined gross sales rate of 7.1 MMcfd of liquids rich natural gas and 176 barrels of condensate per day ("BCPD") for the first 30 days of production.

Gastar Tests Marcellus Wells in West Virginia
Thursday, July 28, 2011 Gastar has completed the drilling and stimulation of its first two horizontal Marcellus wells in Marshall County, West Virginia.

Gastar Posts Public Offering
Wednesday, June 15, 2011 Gastar is commencing an underwritten public offering of 600,000 shares of perpetual and non-convertible 8.625% Series A Cumulative Preferred Stock.

Gastar Updates Ops in W. Virginia, E. Texas
Thursday, June 02, 2011 "We are moving quickly to capitalize on our position in the liquids-rich area of Marshall and Wetzel Counties, West Virginia and taking full advantage of our joint venture drilling carry," said J. Russell Porter.

MicroSeismic Bags 2nd Contract in Marcellus Play
Thursday, April 21, 2011 MicroSeismic has been awarded a second BuriedArray contract in the Marcellus Shale play in northern West Virginia by Gastar Exploration.

Gastar Adds Member to Board
Friday, March 11, 2011 Gastar announced that John H. Cassels has been elected to its Board of Directors.

Gastar Encounters Oil Pay at Belin Well
Tuesday, March 08, 2011 Gastar announced that the Belin #2 well encountered approx. 130 net feet of pay in the lower Bossier formation within five separate sand intervals.

Gastar Adds Marcellus Acreage
Monday, February 28, 2011 Gastar and Atinum Marcellus have leased an additional approximate 3,300 gross acres in Marshall County, West Virginia to develop the liquids-rich Marcellus Shale formation.

Gastar Finalizes Marcellus Acquisition
Monday, December 20, 2010 Gastar has completed the previously announced Marcellus property acquisition for $29.1 million.

Gastar Expands Presence in Marcellus Shale
Wednesday, November 10, 2010 Gastar has executed a PSA with undisclosed private sellers for the acquisition of approximately 59,000 net acres of leasehold in the Marcellus Shale.

Gastar Finalizes Marcellus Shale JV
Tuesday, November 02, 2010 Gastar has closed its joint venture agreement funding with Atinum Marcellus I, an affiliate of Atinum Partners.

Gastar Increases Borrowing Base
Tuesday, October 05, 2010 Gastar announced that its borrowing base under the Second Amendment to the Company's Amended and Restated Credit Agreement has been increased to $47.5 million.

Gastar Runs at Rate of 10.3 MMcfd at Streater Well
Thursday, September 30, 2010 Gastar announced that the Streater #1 well was successfully completed and is producing at a gross sales rate of approximately 10.3 MMCFD of natural gas.

Gastar Enters JV with Atinum
Wednesday, September 22, 2010 Gastar has entered into a joint venture agreement with Atinum Marcellus. Gastar will assign an initial 21.43% interest to Atinum in all of its existing Marcellus Shale assets in West Virginia and Pennsylvania.

Gastar Elects New Chairman of BOD
Monday, August 09, 2010 Gastar announced that effective immediately Mr. Floyd R. Price has been elected Chairman of Gastar's Board of Directors.

Gastar Exploration to Test Eagle Ford Potential at Hilltop Acreage
Thursday, July 08, 2010 "Following the Streater well, Gastar plans to test the Eagle Ford shale potential on our Hilltop area acreage as well as start the drilling of one additional lower Bossier well during 2010," said J. Porter.

Gastar Logs 25B Cubic Feet of Gas Pay
Wednesday, May 19, 2010 Donelson #4 well has the potential to be another high rate completion and a gross of over 25 Bcf of natural gas.

Gastar Exploration Highlights 1Q10 Financial Results
Thursday, May 06, 2010 Gastar Exploration reported financial results for the three months ended March 31, 2010.

Gastar Exploration Nominates Board Member
Thursday, April 15, 2010 Gastar Exploration announced that Mr. Floyd R. Price has been recommended by the Nomination Committee of Gastar's Board of Directors to stand for election to the Board at the Annual General and Special Meeting of Shareholders.

Gastar Exploration Posts 4Q09 Financial Results
Thursday, March 25, 2010 Gastar Exploration reported financial results for the three months and twelve months ended December 31, 2009.

Gastar Touts Deep Bossier Well Completions - 4Q Report
Tuesday, March 16, 2010 Gastar's Deep Bossier wells completed late December 2008 and mid-year 2009 were the Company's best to date, with an average initial production rate of 25 million cubic feet of natural gas per day.

Gastar Notes Sidetrack Operations at Donelson #4
Wednesday, March 03, 2010 The Donelson #4 well was drilled to a total depth of 19,000 feet; however, while addressing hole stability problems, the well experienced a significant gas kick.

Gastar to Receive Payment for Sale of Australian Assets
Wednesday, February 03, 2010 Gastar expects to receive approximately US $12.5 million in additional after-tax consideration for the 2009 sale of its interests in PEL 238, a coal seam natural gas project in New South Wales, Australia.

Gastar Encouraged by 1st Marcellus Vertical Well
Thursday, January 21, 2010 Gastar's first vertical Marcellus well has been tested at a stabilized gross rate of 1.5 million cubic feet of natural gas per day.

Gastar Exploration Enhances Corporate Governance
Wednesday, January 13, 2010 Gastar Exploration announced several actions that are intended to enhance its overall corporate governance practices, including the addition of a new member to the Board of Directors.

Gastar Sells Australian Assets for $240MM
Thursday, July 02, 2009 Gastar has entered into definitive agreements with Santos for the sale of all of Gastar's interest in Petroleum Exploration License 238, 433 and 434 in New South Wales, Australia.

Gastar Recompletes Donelson #3 Well in Lower Bossier Zones
Tuesday, June 09, 2009 Gastar Exploration has recompleted the Donelson No. 3 well in three additional lower Bossier zones.

Gastar Underscores Initial Production Rate from Recent Well Completion
Monday, June 01, 2009 Gastar has completed the Wildman Trust No. 5 well in one lower Bossier zone at a restricted gross sales rate of approximately 15 MMcfd with over 12,000 psi of flowing casing pressure.

Gastar Successfully Drills Wildman Trust #5 Well in East Texas
Tuesday, May 12, 2009 Gastar Exploration has successfully drilled the Wildman Trust #5 well, a lower Bossier test, to a total depth of 19,000 feet and has logged approximately 60 net feet of pay in five lower Bossier and one middle Bossier zones.

Gastar Exploration Reports Financial, Operational Results for 2008
Tuesday, March 17, 2009 Gastar has reported financial and operational results for the three months and full year ended December 31, 2008.

Gastar Commences Senior Secured Notes Consent Solicitation
Thursday, February 12, 2009 Gastar USA has commenced a consent solicitation of holders of its $100 million 12¾% Senior Secured Notes due 2012.

Gastar Successful at East Texas Well, Sees Pay from Two Formations
Wednesday, January 14, 2009 Gastar has successfully drilled the LOR-7ST well, a middle Bossier test, to a total depth of 16,950 feet and has logged approximately 71 net feet of pay in two middle Bossier and one upper Bossier formations.

Gastar Boasts Berlin-1 'Among Top 10 Best Wells in Bossier Play'
Monday, January 05, 2009 Gastar has successfully completed its best producing well to date. The Berlin-1 is flowing at a combined initial gross sales rate of 41.2MMcf/day.

Gastar Logs 150 Feet of Gas Pay at Belin-1
Wednesday, November 19, 2008 Gastar has successfully drilled the Belin-1 well, a deep Bossier test, to a total depth of 18,800 feet and has logged approximately 150 net feet of pay in the middle and lower Bossier formations.

Bohena Project Gas Reserves Increase Over 300%, Says Gastar
Thursday, January 24, 2008 Gastar Exploration Ltd. reported that independent estimates from Netherland Sewell & Associates, Inc. for gross Proved and Probable (2P) gas reserves in the Bohena Project Area of PEL 238, located in New South Wales, Australia, have increase

Gastar Announces Initial Results on Recent East Texas Completions
Monday, January 07, 2008 Gastar has completed an initial deep Bossier zone in the Wildman Trust #3 well that is currently producing at a gross sales rate of approximately 20 MMCFD (10.8 MMCFD net to Gastar).

Gastar Exploration in East Texas Hits Bossier Pay in 6 Separate Sands
Wednesday, December 19, 2007 Gastar Exploration has drilled the Wildman Trust #3 well in East Texas to a total depth of 18,900 feet and, based on drilling and log analysis, has encountered approximately 152 net feet of apparent Bossier formation pay within six separate sands.

Gastar Exploration Issues Senior Note Offering
Friday, November 09, 2007 Gastar Exploration is offering $100 million of new senior secured notes due 2012.

Gastar Reports 3Q 2007 Net Loss of $5 Million
Wednesday, November 07, 2007 Gastar reported a $5.5 million net loss for the third quarter of 2007.

Gastar Completes Lone Oak Ranch Well
Monday, September 17, 2007 Gastar Exploration reported completion results for the Lone Oak Ranch (LOR) #4 horizontal Knowles Limestone well.

Gastar Appoints Jeffrey C. Pettit as Chief Operating Officer
Monday, August 20, 2007 Gastar Exploration reported the appointment of Jeffrey C. Pettit as Vice President and Chief Operating Officer.

Gastar Reports Second Quarter 2007 Financial and Operating Results
Wednesday, August 15, 2007 Gastar reported financial and operational results for the three and six months ended June 30, 2007.

Gastar Updates Recent East Texas Bossier Well Completions
Tuesday, August 07, 2007 Gastar said that changes to its gas gathering system will allow gas gathering at higher field pressures.

Gastar Exploration Inks Deal Eastern Star Gas
Thursday, July 12, 2007 Gastar Exploration Ltd. entered into a Farm-In Agreement with Eastern Star Gas Limited under which Gastar will earn a 35% working interest in the PEL 433 and adjoining PEL 434 properties located in New South Wales.

Gastar Exploration Completes Bossier Pair
Tuesday, July 03, 2007 Gastar Exploration completes Donelson #3 and Wagner #1 deep Bossier wells.

Gastar Deems Donelson #3 Bossier Well a Success
Friday, June 01, 2007 Gastar Exploration Ltd. has drilled the Donelson #3 well, located in Leon County, Texas, to a total depth of 19,200 feet.

Gastar Completes Lone Oak Ranch #2
Monday, May 07, 2007 Gastar Exploration Ltd. on Friday announced completion results on the Lone Oak Ranch (LOR) #2 well.

Selser Joins Gastar Board
Wednesday, April 04, 2007 Gastar Exploration Ltd has appointed John M. Selser, Sr. as a member of the company's Board of Directors and member of the Audit Committee, thus bringing the Company in compliance with the AMEX's audit committee requirements.