Just a quick FYI for any of our clients who are leased with Gastar, Gastar is selling its Marcellus/Utica property to a company called Tug Hill.  If you leased with Gastar, you will soon be working with Tug Hill.  The sale is scheduled to close on March 31, 2016.

Gastar is selling for two reasons.  One, it wants to focus on its Oklahoma holdings, and two, it can’t get a good price for the gas it produces from the Marcellus/Utica.