Gastar Exploration Inc. provided updated production data from its Deep River 30-1H well, its first operated test of the STACK formation Meramec Shale play in Kingfisher County, Oklahoma. The Deep River 30-1H produced at a gross post IP 30-day average sales rate of 956 barrels of oil equivalent per day (68% oil).
The well commenced flow back in late October 2015 and in December 2015, produced a peak 24-hour rate of 1,094 Boe per day (71% oil). Gastar's independent reservoir engineer has estimated the ultimate recovery for the Deep River 30-1H well to be 705 MBoe as of December 31, 2015, with crude oil comprising 50% on a wet gas basis. Gastar has a 100% working (80% net revenue) interest in the well.