Current APO Stock Info

By Tyler Losier, Energy Reporter, Oil & Gas 360

Chisholm Oil and Gas to combine with Gastar Exploration
Chisholm Oil and Gas LCC, backed by Apollo Global Management (stock ticker: APO), has entered into a definitive merger agreement with Gastar Exploration LLC, owned by private equity firm Ares Management Corporation (stock ticker: ARES).

 

Source: Gastar

The combined company will retain the name Chisholm Oil and Gas and will occupy a position of approximately 165,000 net acres, predominantly in Kingfisher county, Oklahoma. Chisholm’s average production rate after the merge is expected to reach approximately 20,000 BOEPD.

Chisholm currently operates three rigs and has a designated frac crew, which it expects to ...


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