HOUSTON, June 5, 2017 /PRNewswire/ — Gastar Exploration Inc. (NYSE MKT: GST) (“Gastar” or the “Company”) is pleased to announce that Stephen P. Roberts has joined Gastar as Senior Vice President and Chief Operating Officer effective immediately.
Mr. Roberts joins Gastar from Jones Energy, Inc. (“Jones Energy”) where he served as a Senior Vice President over the Anadarko and Arkoma asset groups and as Senior Vice President of Drilling and Completions. During his 19-year tenure with Jones Energy, he was directly responsible for the drilling and completion of over 700 horizontal wells in seven different formations and led the efforts that established Jones Energy as the recognized lowest cost operator in the Texas Panhandle. Prior to joining Jones Energy, he held various positions of increasing responsibility with Marathon Oil Corporation and Samson Resources Corporation. Mr. Roberts holds a B.S. degree in Petroleum Engineering and a M.B.A. in Finance from Texas Tech University.
J. Russell Porter, Gastar’s President and CEO, commented, “We are excited that Stephen has chosen to join Gastar to lead our operational efforts. Over his 29-year career in the energy industry, he has established a legacy of building strong operational teams, including both technical and field staff, which have delivered unsurpassed results year after year. Stephen will be responsible for Gastar’s operating activity as we continue to de-risk and delineate the various productive formations on our 62,600 net acre STACK position.”
Mr. Roberts commented, “I am delighted to join Gastar and lead the operations team in pursuit of operational excellence as we further exploit a very exciting asset base in the STACK play. Over the last year, Gastar has accumulated valuable well data that will benefit our efforts to effectively progress the delineation program. I am confident that we will be able to improve production results and reduce operating costs as Gastar transitions into a more active phase in its evaluation of its STACK position.”
About Gastar Exploration
Gastar Exploration Inc. is a pure play Mid-Continent independent energy company engaged in the exploration, development and production of oil, condensate, natural gas and natural gas liquids. Gastar’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 holds a concentrated acreage position in the normally pressured oil window 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 limestone formations, the Oswego limestone, the Woodford shale and Hunton limestone formations. For more information, visit Gastar’s website at www.gastar.com.