Gastar Exploration increases borrowing base

Gastar Exploration Inc.

Gastar Exploration Inc. (NYSE MKT: GST) reports that the borrowing base under its revolving credit facility has been increased to $120 million. This represents a $20 million increase over Gastar's previous borrowing base effective December 2013. Currently, Gastar has no borrowings outstanding under the revolving credit facility. 

Gastar is currently pursuing the development of liquids-rich natural gas in the Marcellus shale play in West Virginia and is also in the early stages of exploring and developing the Hunton Limestone horizontal oil play in Oklahoma. 

 

 

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