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Gastar Exploration Announces Acquisition of Mid-Continent Interests...

2015-10-15 02:13:26| Logistics - Topix.net

Gastar Exploration Inc. today announced that it has entered into a definitive purchase and sale agreement to acquire additional working and net revenue interests in 103 gross producing wells and certain undeveloped acreage in the STACK and Hunton Limestone formations in its Area of Mutual Interest from its AMI partner, Husky Ventures, Inc. , and certain other parties . The purchase price is approximately $43.3 million, subject to certain adjustments and customary closing conditions, and the conveyance of approximately 11,000 net non-core, non-producing acres in Blaine and Major Counties, Oklahoma to the Sellers.

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