Gastar Puts All Marcellus/Utica Assets (Leases/Wells) Up for Sale

for sale signWhat a difference a few months, or even a week, can make. In August, Gastar Exploration, which owns roughly 60,000 acres of leases in the Marcellus/Utica mostly in Marshall and Wetzel counties in West Virginia, was talking up their drilling program in the northeast (see Earnings Call Reveals More Details on Gastar’s Marcellus/Utica Plans). Just last week we reported on Gastar CEO Russ Porter’s talk at OGIS in San Francisco about the Marcellus/Utica and what’s ahead for his company (see Gastar CEO Porter Talks about Marcellus/Utica at San Fran Conf). Lately it seems like Gastar, which also drills in the Mid-Continent region of the country, has been giving a little more love to Mid-Continent area because gas prices in the northeast remain stubbornly low. Looks like the Mid-Continent is about to get all of Gastar’s love. The company announced yesterday they’ve put all of their Marcellus/Utica assets up for sale, including leases and drilled/producing wells…

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