Gastar 2Q12 Update: Production Up 87% Mostly from WV Marcellus
Gastar Exploration released their second quarter earnings and operations update yesterday. They report production increased 87% from second quarter 2011—to 34.8 MMcfe per day. Most of the increase comes from drilling in the Marcellus Shale in Marshall County, WV. Gastar says it would have been even better were it not for problems with processing capacity and pipeline issues.
Here are the relevant sections from the Gastar update dealing with the Marcellus Shale: