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Gastar Exploration: Asset Sale Is Only A Temporary Fix

2016-02-23 01:16:17| Logistics - Topix.net

Gastar Exploration Inc. today announced its intention to sell substantially all of its producing assets and proved reserves and a significant portion of its undeveloped acreage in the Appalachian Basin, comprised of Marcellus Shale and Utica/Point Pleasant properties, for $80.0 million. The sale is expected to close on or before March 31, 2016, subject to customary closing conditions.

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