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Gastar Exploration Announces Closing of Mid-Continent Acquisition and ...

2015-12-16 23:42:07| Logistics - Topix.net

The acquisition included working and net revenue interests in 103 gross producing wells and approximately 15,700 net developed and undeveloped acres in , was funded with borrowings under Gastar's revolving credit facility. Gastar also conveyed approximately 11,000 net non-core, non-producing acres in to the Sellers.

Tags: closing acquisition exploration announces

 

MIOX Honored with Water Management Company of the Year in the Southwest and Midcontinent Oil & Gas Awards

2015-10-21 12:31:09| Industrial Newsroom - All News for Today

MIOX received the award for Water Management Company of the Year at the Southwest and Midcontinent Oil and Gas Awards on Thursday, October 15, 2015. The annual Southwest and Midcontinent gala ceremony was held in Dallas, TX, where hundreds of oil and gas executives gathered together to celebrate Operational...

Tags: year company management water

 
 

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.

Tags: interests acquisition exploration announces

 

US mid-continent seismicity linked to high-rate injection wells

2015-06-18 23:02:00| Climate Ark Climate Change & Global Warming Newsfeed

ScienceDaily: A dramatic increase in the rate of earthquakes in the central and eastern U.S. since 2009 is associated with fluid injection wells used in oil and gas development, says a new study by the University of Colorado Boulder and the U.S. Geological Survey. The number of earthquakes associated with injection wells has skyrocketed from a handful per year in the 1970s to more than 650 in 2014, according to CU-Boulder doctoral student Matthew Weingarten, who led the study. The increase included several...

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PetroQuest stock leaps after Midcontinent sale

2015-06-09 16:14:20| Apparel - Topix.net

Lafayette-based PetroQuest Energy Inc.'s shares jumped 23 percent Monday, closing at $2.32 after the company sold most of its Midwest holdings for $280 million. The Woodford and Mississipian Lime assets produced the equivalent of 46 million cubic feet of natural gas per day during the first quarter, according to PetroQuest.

Tags: sale stock leaps midcontinent

 

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