Chisholm is currently running three rigs and has a frac crew. The parties believe that the Gastar assets will be highly synergistic to their upstream operations as well as to Chisholm’s ownership stake in Great Salt Plains Midstream Holdings, LLC and its wholly-owned salt water disposal subsidiary, Cottonmouth SWD, LLC.
The transaction is expected to close in 3Q19, subject to satisfaction of customary closing conditions.
Read the article online at: https://www.oilfieldtechnology.com/drilling-and-production/20062019/chisholm-oil-and-gas-and-gastar-exploration-to-merge/
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