Gastar Exploration Breakout Notes
Russell Porter, president and CEO of Gastar Exploration, (ticker: GST) presented today at EnerCom’s The Oil & Gas Conference® 22.
Gastar Exploration is a STACK focused producer with a total of about 89,900 net acres—63,200 of which are in its core STACK acreage, with the remainder—26,700 acres, in the WEHLU trend.
During Q2, the company averaged 6,100 BOEPD, exceeding its guidance number for the quarter. The company increased its 2017 drilling capital budget to $129.2 million during Q2. The increase was approximately $45.3 million.
During the company’s breakout session, management was asked the following questions:
- Could you describe what has been done in drilling and completion?
- What are the impacts that have been seen from different stimulations used?
- What completion method has been the generating the highest EURs?
- Is the drilling cost accounting for inflation?
- is the water cut an issue?
- Is there any meaningful consolidation of the stocks?
- Can you mention the issues concerning with the lost circulation?
- How are other operators addressing the issue of lost circulation?
- Has the company phased issues concerning permits and horse pulling?
- What is the reason the company is not drilling longer laterals as other companies?
- What are the FE expenditures?
- What is the expected rate of return?
- What is the spacing applied per section?
Gastar Exploration presented at EnerCom’s 2017 The Oil & Gas Conference®.
You can listen to the company’s presentation by clicking here.
