Gastar Exploration released first quarter operating results and financials yesterday. Among the news for Gastar: although they had a net loss of $6.3 million for the first quarter, their production of natural gas, oil and natural gas liquids was up 32 percent from the first quarter of last year. Why the huge increase in production?
Gastar Exploration released fourth quarter 2011 results yesterday. The fourth quarter was very good for Gastar in the Marcellus, with a 1700 percent increase in average daily gas production from fourth quarter 2010, and a 179 percent increase from just the previous (third) quarter 2011. As is typical of other companies, Gastar is dedicating $88.9 [...]
One of the possible locations for a new ethane cracker plant in West Virginia is a 1400-acre parcel of land owned by Bayer Corp. located on the border of Marshall and Wetzel counties. Ahead of an announcement on a cracker plant, Bayer has decided to move forward with leasing the New Martinsville plant for shale [...]
Gastar Exploration gives the following operational update on their drilling activities in the Marcellus Shale in Marshall and Preston counties in West Virginia, and Butler County in Pennsylvania. Most of Gastar’s Marcellus activity is concentrated in Marshall County, WV, where they plan to complete 24 horizontal wells by the end of 2012. From the Gastar [...]
Gastar Exploration, a Houston-based driller with operations in the Marcellus recently released its third quarter report. By the end of this year, Gastar says it will have nine Marcellus wells in full production and online with another 10 wells drilled and awaiting completion. Weather damage to a pipeline caused a decrease in output for two [...]
PPG Industries, a $12 billion global supplier of paints, coatings, optical products, specialty materials, chemicals, glass and fiber glass, is about to get another $50 million from the gas beneath one of it’s chemical plants located in Marshall County, WV.
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