Gastar Exploration Ltd. is a Houston-based independent company engaged in the exploration, development and production of natural gas, natural gas liquids, condensate and oil. Gastar, which is a Canadian corporation incorporated in Alberta in 1987, is publicly traded on the NYSE Amex exchange under the ticker symbol GST. The current focus is on the Marcellus Shale play in Appalachia, where Gastar is in the early stages of developing and producing natural gas reserves that also yield significant quantities of condensate and high-value NGLs.
Gastar has significant strategic acreage in some of the most active oil, natural gas and gas liquids producing areas in the United States, including the Marcellus Shale play in Appalachia, which is the current focus of the drilling activity. The primary producing assets are in East Texas in the deep Bossier sands play. In addition, The company is studying shallow oil potential from the Eagle Ford/Woodbine Shale and the Glen Rose Limestone beneath the same East Texas acreage, with four test wells drilled to date and increasing industry activity in the immediate area.