Gastar Exploration Ltd. (NYSE: GST) has executed closing documents on the previously announced sale of its East Texas properties to Cubic Energy Inc. (OTC: CBNR) for $39.2 million.
The closing price is in addition to the $4.7 million deposit previously paid by Cubic Energy by Oct. 2.
Cubic Energy Inc. is an independent energy company engaged in the exploration, development, and production of crude oil, natural gas, and NGLs in Texas and Louisiana. The company is based in Dallas.
Gastar Exploration Ltd. is an independent energy company engaged in the ...