Last $6.52 USD
Change Today -0.19 / -2.83%
Volume 2.9M
As of 8:04 PM 09/18/14 All times are local (Market data is delayed by at least 15 minutes).

gastar exploration inc (GST) Snapshot

Open
$6.63
Previous Close
$6.71
Day High
$6.80
Day Low
$6.49
52 Week High
06/23/14 - $9.10
52 Week Low
09/30/13 - $3.90
Market Cap
403.1M
Average Volume 10 Days
1.4M
EPS TTM
$0.37
Shares Outstanding
61.8M
EX-Date
--
P/E TM
17.4x
Dividend
--
Dividend Yield
--
Current Stock Chart for GASTAR EXPLORATION INC (GST)

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gastar exploration inc (GST) Details

Gastar Exploration Inc., an independent energy company, is engaged in the exploration, development, and production of oil, condensate, natural gas, and natural gas liquids in the United States. Its principal activities include the identification, acquisition, exploration, and development of oil and natural gas properties on unconventional reserves, such as shale resource plays. The company is developing liquids-rich natural gas in the Marcellus Shale in West Virginia; and is also in the early stages of exploring and developing the Hunton Limestone horizontal oil play in Oklahoma. As of December 31, 2013, it had 327.8 billion cubic feet of natural gas equivalent of proved reserves. The company was formerly known as Gastar Exploration Ltd. and changed its name to Gastar Exploration Inc. in January 2014. Gastar Exploration Inc. is based in Houston, Texas.

63 Employees
Last Reported Date: 03/13/14

gastar exploration inc (GST) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $989.4K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $534.9K
Chief Operating Officer and Senior Vice Presi...
Total Annual Compensation: $521.9K
Compensation as of Fiscal Year 2013.

gastar exploration inc (GST) Key Developments

Gastar Exploration Inc. Provides Capital Budget and Production Guidance for the Year 2015

Gastar Exploration Inc. provided capital budget and production guidance for the year 2015. For the period, the company's board of directors has approved a capital budget of approximately $257.3 million, comprised of $222.7 million of drilling, completion and infrastructure costs, $28.0 million of land and seismic expenditures, and other capitalized costs of approximately $6.6 million. For the period, the company expected net average daily production is to be between from 15.5 MBoe/d to 18.0 MBoe/d.

Gastar Exploration Inc. Provides Operations Update for Utica and Mid-Continent

Gastar Exploration Inc. provided an operational update on recent well results and activity in the Utica/Point Pleasant play in West Virginia and in the Hunton Limestone play in north-central Oklahoma. Well Results: 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 ("WI") in the Simms U-5H well 43.2% net revenue interest (NRI). The Easton 22-1H and 22-2H wells in Kingfisher County, Oklahoma have reached a combined gross peak production rate of 1,528 BOE per day (92% crude oil). The Easton 22-1H well drilled in the Lower Hunton formation, had a peak production rate of 673 BOE per day (89% crude oil) and has a most recent 5-day average of 602 BOE per day (87% crude oil). The Easton 22-2H well drilled in the Upper Hunton formation, had a peak production rate of 855 BOE per day (94% crude oil) and has a most recent 5-day average of 628 BOE per day (93% crude oil). Gastar has a 98.3% WI (80.5% NRI) in both wells. In area of mutual interest ("AMI") during the third quarter of 2014, five gross (1.9 net) 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 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. During the third quarter of 2014, two gross (2.0 net) operated lower Hunton horizontal wells have been drilled and are awaiting completion. The Horseshoe 3-1H well, located in Canadian County, Oklahoma is scheduled to commence completion operations this week. Completion operations on the well are planned to consist of approximately 19 hydraulic fracturing stages within the 4,166-foot lateral section. If successful, flow back operations are anticipated by late September 2014. WI in the Horseshoe 3-1H well is 99.3% (76.7% NRI). The Deer Draw 21-4CH well, located in Oklahoma County, Oklahoma within WEHLU property, just completed drilling and has encouraging log indications. Completion operations are estimated to commence late-September with flow back operations scheduled for mid-October 2014. In Marshall County, West Virginia, the company currently have ten gross (5.0 net) Marcellus wells in various stages of drilling on the Armstrong and Hansen pads. The company plans on completing all ten wells late in the fourth quarter of 2014. Drilling of the next dry gas Utica Shale well on the Blake pad is scheduled to commence by mid-October 2014. This Blake well is projected to have a 6,600-foot lateral and the company will have a 50% WI (41.5% NRI).

Gastar Exploration Inc. Presents at 4th Annual Euro Pacific Capital Global Investment Conference, Sep-09-2014 09:30 AM

Gastar Exploration Inc. Presents at 4th Annual Euro Pacific Capital Global Investment Conference, Sep-09-2014 09:30 AM. Venue: Sofitel Hotel, 45 W 44th St., Midtown Manhattan, New York, New York, United States. Speakers: J. Russell Porter, Chief Executive Officer, President and Director.

 

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Price/Cash Flow 8.4x
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