New York (April 19th, 2013) - Gastar Exploration (NYSE:GST - News) and Chesapeake Energy (CHK) recently came to a major agreement, settling a long-running lawsuit that resulted in the transfer of some key gas-producing acreage from Chesapeake to Gastar.
Valued at about $85 million, the deal closed the books on a contentious spat between the two companies and offered further evidence that Chesapeake is serious about offloading assets that it believes to be sub-optimal.
Recently, Chesapeake Energy entered into a definitive agreement to sell proven reserves and undeveloped leasehold interests in Kingfisher and Canadian counties, Okla. to Houston-based energy company Gastar Exploration Limited (GST) for $75.2 million.
Find out what momentum could GST adopt after this agreement by getting the complete trend analysis report here:
Quicksilver Resources Inc. (NYSE:KWK - News) traded at $ 2.63 in the last session, which is +0.09 (3.54%). The stock has a Range of 2.48 - 2.71. The stock has a 52 week low and high of 1.62 - 5.90 respectively. The stock has a Market Cap of 455.24M. The stock traded a volume of 3.86M. The stock has a 30 day average volume of 5.41M.
Fort Worth, Texas-based Quicksilver Resources is an independent oil and gas company engaged in the exploration, development and acquisition of oil and gas, primarily from unconventional reservoirs including gas from shales and coal beds in North America. The company has U.S. offices in Fort Worth, Texas; Glen Rose, Texas; Craig, Colorado; Steamboat Springs, Colorado and Cut Bank, Montana. Quicksilver's Canadian subsidiary, Quicksilver Resources Canada Inc., is headquartered in Calgary, Alberta.
Find out if KWK could maintain its gaining momentum in the very short term here:
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