After exploration company GASTAR rose, opened Wednesday in front of the exploration and production company announced plans to sell its about 76000 acres in Oklahoma, net interest about $62 million in cash to a third party.
The deal is expected to be across the middle of the third quarter and also provide some planting area of block for both sides to create more focus acreage GASTAR and third-party transaction, Houston said.
Mu sell underdeveloped lease last month by GASTAR buy Chesapeake energy, including about 157000 net acres in Oklahoma, rights, along with about 2.8 trillion barrels of oil equivalent part of proved developed reserves production.
GASTAR said that allow it to sell its non-core acreage in Oklahoma, earn money, at an attractive price.
GASTAR also said that in the original area in Oklahoma, the common interests of the partners choose to exercise their rights, and to buy about 12820 net acres GASTAR $$1.21 billion acquisition of Chesapeake.
, the company said the deal includes about 400000 barrels of oil equivalent, is equivalent to half of the proven reserves has been developed to produce acquisition in the field of the common interests of the existing Chesapeake is located in the well.
In pre-market trading GASTAR rose 13 cents, or 5%, to 28.7.



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