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Gastar 3Q15: Production Up but Still Shopping Marcellus/Utica | Marcellus Drilling News
Yesterday Gastar Exploration, with active drilling programs in the Marcellus/Utica and in the Midcontinent region, issued their third quarter 2015 financial and operational update. What do we glean from it? The company lost $191.8 million for the quarter--but almost all of it was a paper loss and not actual money out the door (from writedowns).