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July 21, 2014
17:28 EDTGSTGastar Exploration's mid-year proved reserves increase 43%
Gastar Exploration reported estimated proved reserves of natural gas, oil and condensate and natural gas liquids as of June 30 of 78.0M BOE, a 43% increase over December 31, 2013 proved reserves of 54.6M BOE. 54% were natural gas, 26% were oil and condensate and 20% were NGLs vs. 55% natural gas, 27% oil and condensate and 18% NGLs at year-end 2013. The pre-tax present value discounted at 10% of proved reserves increased to $826.3M at June 30, up 39% vs. year-end 2013. Proved undeveloped reserves at mid-year 2014 represented approximately 62% of total proved reserves vs. 44% at year-end 2013.
News For GST From The Last 14 Days
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September 15, 2014
18:34 EDTGSTOn The Fly: After Hours Movers
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16:30 EDTGSTGastar Exploration board approves FY15 capital budget of approximately $257.3M
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16:18 EDTGSTGastar Exploration offers 17M shares of common stock
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September 8, 2014
07:06 EDTGSTGastar Exploration provides operational update for Utica and Mid-Continent
The Simms U-5H well in Marshall County, West Virginia, Gastar's first Utica/Point Pleasant well, produced at an initial 48-hour gross sales rate of 29.4 MMcf/d of natural gas on a 30/64ths choke with approximately 6,700 psi of flowing casing pressure. The well lateral length is 4,447 feet and was completed with 25 hydraulic fracturing stages that used approximately 10.6 million pounds of sand proppant. Gastar has a 50% working interest in the Simms U-5H well. In the area of mutual interest during the third quarter of 2014, five gross non-operated horizontal wells have been placed on flow back, five gross wells are awaiting completion and four gross wells are being drilled. Early average production rates for these non-operated wells appear to be on trend with our projected AMI average type curve. the company anticipates an additional three gross wells will be placed on flow back before the end of the third quarter of 2014 and an additional seven to nine gross wells will be placed on production in the fourth quarter of 2014.

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