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06:08 EDTGST
theflyonthewall.com: Gastar Exploration announces sale of East Texas gathering system
Gastar Exploration announced the sale of its majority interest in the Hilltop Resort Gathering System to US Infrastructure. Signing of definitive agreements and closing of the sale occurred simultaneously. The Hilltop Resort Gathering System is comprised of 20 miles of natural gas pipeline connected to 24 Gastar-operated wells, which produce from the middle and lower Bossier and Knowles formations in East Texas. Gastar received proceeds of approximately $21.7M from the sale of these assets, net of costs and expenses associated with the transaction. :theflyonthewall.com



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February 3, 2010
08:36 EDTGST
theflyonthewall.com: Gastar Exploration to receive additional payment for sale of Australian assets

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