Gastar 2Q14: Liquids 48% of Production, 72% of Revenue

Last week Gastar Exploration, an important driller in the Marcellus and Utica Shale, reported their second quarter 2014 operations and financial update. Among the important highlights: nearly half (48%) of Gastar’s production is now liquids (oil, condensate and NGLs). That 48% of production brought in 72% of Gastar’s revenue–the more liquids, the higher the profit. Also, Gastar fracked its first Utica Shale well in 2Q14. Below is the quarterly update followed by an interesting transcript of the analyst call from Gastar’s CEO Russell Porter…

Please Login to view this content. (Not a member? Join Today!)
You do not have permission to view the comments.
Password Reset
Please enter your e-mail address. You will receive a new password via e-mail.