Gastar Exploration

OverviewSuggest Edit

Gastar Exploration is an independent energy company engaged in the exploration, development, and production of oil, condensate, natural gas and NGLs. The Company's principal business activities include the identification, acquisition, and subsequent exploration and development of oil and natural gas properties with an emphasis on unconventional reserves, such as shale resource plays. Gastar Exploration holds a concentrated acreage position in what is believed to be the core of the STACK Play, an area of central Oklahoma which is home to multiple oil and natural gas-rich reservoirs, including the Meramec and Osage formations within the Mississippi Lime, the Oswego limestone, the Woodford shale and Hunton limestone formations.

TypePrivate
HQHouston, US
Websitegastar.com

Latest Updates

Employees (est.) (May 2020)43(-6%)
Revenue (FY, 2017)$72.1 M(+24%)
Share Price (Sept 2018)$0.1 (-11%)

Gastar Exploration Office Locations

Gastar Exploration has an office in Houston
Houston, US (HQ)
1331 Lamar St #650
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Gastar Exploration Financials and Metrics

Gastar Exploration Revenue

Gastar Exploration's revenue was reported to be $72.13 m in FY, 2017
USD

Revenue (Q3, 2018)

18.6m

Net income (Q3, 2018)

(17.5m)

EBIT (Q3, 2018)

(7.1m)

Cash (30-Sept-2018)

17.6m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

40.2m49.9m87.8m171.4m107.3m58.3m72.1m

Revenue growth, %

95%(37%)(46%)

General and administrative expense

11.4m12.2m17.0m16.5m17.1m19.4m16.8m

Operating expense total

11.4m12.2m17.0m16.5m17.1m19.4m16.8m
Quarterly
USDQ2, 2011Q3, 2011Q1, 2012Q2, 2012Q1, 2013Q2, 2013Q3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

9.0m12.0m9.2m13.9m11.3m30.9m18.8m32.3m35.9m41.7m34.4m21.9m28.4m14.8m12.2m13.0m18.7m22.6m15.3m20.9m10.2m18.6m

General and administrative expense

2.6m3.1m3.2m3.2m3.0m5.0m4.0m4.8m3.9m4.0m4.2m4.4m4.7m5.7m6.3m3.9m3.8m4.6m4.1m9.0m4.9m11.6m

Operating expense total

2.6m3.1m3.2m3.2m3.0m5.0m4.0m4.8m3.9m4.0m4.2m4.4m4.7m5.7m6.3m3.9m3.8m4.6m4.1m9.0m4.9m11.6m

Depreciation and amortization

8.5m12.4m10.3m11.1m14.5m16.1m15.4m13.7m5.6m5.2m4.7m6.1m6.1m9.0m7.6m7.5m
Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

10.6m8.9m32.4m11.0m50.1m71.5m13.3m

Accounts Receivable

10.7m9.5m21.7m30.8m14.3m251.7m38.6m

Prepaid Expenses

1.2m1.1m1.1m2.1m5.1m960.0k

Inventories

Annual
USDFY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(740.0k)(153.8m)49.3m51.0m(459.5m)(89.1m)(46.8m)

Depreciation and Amortization

15.2m25.4m32.4m46.2m62.9m29.7m24.0m

Accounts Payable

4.3m4.4m1.6m(2.6m)(4.6m)3.7m8.2m

Cash From Operating Activities

10.3m37.1m47.8m64.3m51.3m6.7m20.1m
USDY, 2018

Debt/Equity

-3.3 x

Debt/Assets

1.1 x

Financial Leverage

-3 x
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Gastar Exploration Online and Social Media Presence

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Gastar Exploration News and Updates

Gastar Exploration Successfully Completes Financial Restructuring And Emergence From Bankruptcy

HOUSTON, Jan. 22, 2019 /PRNewswire/ -- Gastar Exploration Inc. (OTCQB: GSTC) (the "Company" or "Gastar") announced today that the conditions to effectiveness of its Chapter 11 Plan of Reorganization (as modified) (the "Plan"), which was confirmed by the United States Bankruptcy Court for...

Gastar Exploration Extends Marketing Process For Restructuring Transaction Proposals

HOUSTON, Nov. 16, 2018 /PRNewswire/ -- Gastar Exploration Inc. (OTCQB: GSTC) (the "Company" or "Gastar") announced today that it is extending its public marketing process for potential proposals to acquire the Company in conjunction with its court-supervised restructuring. The Company...

Gastar Exploration Announces Third Quarter 2018 Results

HOUSTON, Nov. 14, 2018 /PRNewswire/ -- Gastar Exploration Inc. (OTC Pink: GSTCQ) ("Gastar" or the "Company") today reported financial and operating results for the three and nine months ended September 30, 2018. As previously reported and as disclosed in more detail below under the...

Gastar Exploration Commences Trading on OTCQB

HOUSTON, Sept. 7, 2018 /PRNewswire/ -- Gastar Exploration Inc. (OTCQB: GSTC) ("Gastar" and the "Company") today announced that the Company's common stock will commence trading on the OTCQB over-the-counter market under the trading symbol "GSTC". Opening of over-the-counter trading in the...

Gastar Exploration Announces Suspension of Trading on the NYSE American Exchange and Expected Commencement of Over-the-Counter Trading

HOUSTON, Sept. 6, 2018 /PRNewswire/ -- Gastar Exploration Inc. (NYSE American: GST) ("Gastar") today announced that it received notification from the NYSE American LLC ("NYSE") that the NYSE has suspended trading of the Company's common stock on the exchange due to its abnormally low...

Gastar Exploration Inc. Series A and Series B Preferred Stock Holder retains Hunton Andrews Kurth and Surveys Preferred Stock Class

WILMINGTON, Del., Sept. 4, 2018 /PRNewswire/ -- Aedes LLC, a Delaware limited liability company, announced today that it has retained the law firm of Hunton Andrews Kurth LLP to advise and represent it in relation to its investment in the Series A and Series B Preferred Stock of Gastar...
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Gastar Exploration Frequently Asked Questions

  • How many employees does Gastar Exploration have?

    Gastar Exploration has 43 employees.

  • What is Gastar Exploration revenue?

    Latest Gastar Exploration annual revenue is $72.1 m.

  • What is Gastar Exploration revenue per employee?

    Latest Gastar Exploration revenue per employee is $1.7 m.

  • Who are Gastar Exploration competitors?

    Competitors of Gastar Exploration include Halcon Resources, Inpex and Tengasco.

  • Where is Gastar Exploration headquarters?

    Gastar Exploration headquarters is located at 1331 Lamar St #650, Houston.

  • Where are Gastar Exploration offices?

    Gastar Exploration has an office in Houston.

  • How many offices does Gastar Exploration have?

    Gastar Exploration has 1 office.