By Tyler Losier, Energy Reporter, Oil & Gas 360 Chisholm Oil and Gas to combine with Gastar Exploration Chisholm Oil and Gas LCC, backed by Apollo Global Management (stock ticker: APO), has entered into a definitive merger agreement with Gastar Exploration LLC, owned by private equity firm Ares Management Corporation (stock ticker: ARES). Source: Gastar The combined company will
Oklahoma-centered Gastar Exploration Inc. (ticker: GST) has built its production portfolio primarily in the STACK play, where it holds 62,600 of its 89,600 net acres, spread across 5 core-zones. The company averaged approximately 5,700 BOEPD during Q1, 2017. Gastar’s STACK assets Gastar’s STACK assets are split between the Meramec, Osage, Oswego, and Hunton Limestone plays. The company estimates that approximately
We are going to react to whatever is the best long term move for our shareholders: Porter Gastar Exploration’s President and CEO Russ Porter spoke to Oil & Gas 360®’s Angie Austin at the EnerCom conference in Denver last week. Porter talked about enhancing company liquidity, the move to a pure play producer, and STACK economics. Gastar Exploration Inc. (ticker:
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