M&A Deal Summary

Gastar Exploration Acquires Marcellus Shale 62 000 Acres of Leasehold

On December 20, 2010, Gastar Exploration acquired oil/gas exploration company Marcellus Shale 62 000 Acres of Leasehold

Acquisition Highlights
  • This is Gastar Exploration’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Gastar Exploration’s 1st transaction in the United States.
  • This is Gastar Exploration’s 1st transaction in West Virginia.

M&A Deal Summary
Date 2010-12-20
Target Marcellus Shale 62 000 Acres of Leasehold
Sector Oil/Gas Exploration
Buyer(s) Gastar Exploration
Deal Type Add-on Acquisition

Target

Marcellus Shale 62 000 Acres of Leasehold

West Virginia, United States
Marcellus Shale 62,000 Acres of Leasehold comprises 41 miles of pipeline, a salt water disposal well and 7 producing conventional wells with the capacity of producing 500 million cubic feet of gas.

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Buyer(S) 1

Buyer

Gastar Exploration

Houston, Texas, United States

website

Category Company
Founded 1987
Sector Oil/Gas Exploration
Employees51
Revenue 72M USD (2017)
DESCRIPTION

Gastar Exploration is engaged in the exploration, development, and production of natural gas, natural gas liquids, oil and condensate in the United States. Gastar Exploration was founded in 1987 and is based in Houston, Texas.

DEAL STATS #
Overall 1 of 1
Sector (Oil/Gas Exploration) 1 of 1
Type (Add-on Acquisition) 1 of 1
State (West Virginia) 1 of 1
Country (United States) 1 of 1
Year (2010) 1 of 1
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