Gastar Exploration Completes $84M Acquisition of Oklahoma Interests - Reports Management Changes; Shares Up Nearly 4%

By
A A A
Share |

Gastar Exploration Ltd. ( GST ) shares are currently up 3.6% at $2.58 as the company reports the completion of is acquisition of proven reserves and undeveloped leasehold interests in Kingfisher and Canadian Counties, Oklahoma, from Chesapeake Energy Corp. ( CHK ) for $84 million. CHK is up 1.5% and nearer year highs today.

GST also reports that as of today, Michael McCown will assume the position of senior vice president and chief operating officer; Michael Gerlich will continue as GST's CFO and has been promoted to senior vice president.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.

Copyright (C) 2014 MTNewswires.com. All rights reserved. Unauthorized reproduction is strictly prohibited.


This article appears in: Investing , Commodities

Referenced Stocks: CHK , GST

MT Newswires

MT Newswires

More from MT Newswires:

Related Videos

Stocks

Referenced

100%
100%

Most Active by Volume

71,316,993
  • $16.175 ▲ 0.28%
58,484,491
  • $59.32 ▼ 0.67%
50,871,374
  • $26.73 ▲ 2.34%
41,145,300
  • $86.45 ▲ 0.31%
35,835,300
  • $23.90 ▲ 6.32%
35,123,779
  • $23.19 ▲ 0.69%
29,260,730
  • $4.31 ▲ 4.87%
27,033,819
  • $21.96 ▲ 29.18%
As of 4/17/2014, 02:58 PM