Gastar Exploration Ltd.
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| Gastar owns drilling rights to roughly 42,000 net acres of land prospective for Marcellus shale in southwestern [[Pennsylvania]] and northern West Virginia. | Gastar owns drilling rights to roughly 42,000 net acres of land prospective for Marcellus shale in southwestern [[Pennsylvania]] and northern West Virginia. | ||
| - | A March, 2009 report indicated the company had drilled ten shallow wells on their acreage to get some production going in order to hold the leases. It was looking for a joint development partner to help explore the Marcellus shale formation on the property. | + | A March, 2009 report indicated the company had drilled ten shallow wells on their acreage to get some production going in order to hold the leases. It was looking for a joint development partner to help explore the deeper Marcellus shale formation on the property. |
Revision as of 15:31, 17 March 2009
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Gastar Exploration Ltd. (AMEX: GST) is an oil and gas exploration company active in the U.S. and Australia. It has been reported leasing land both for Marcellus shale and Trenton-Black River development.
Gastar owns drilling rights to roughly 42,000 net acres of land prospective for Marcellus shale in southwestern Pennsylvania and northern West Virginia.
A March, 2009 report indicated the company had drilled ten shallow wells on their acreage to get some production going in order to hold the leases. It was looking for a joint development partner to help explore the deeper Marcellus shale formation on the property.
