Gastar Exploration (GST) announces it entered into an agreement to buy acreage and reserves from...

|About: Gastar Exploration Inc. (GST)|By:, SA News Editor

Gastar Exploration (GST) announces it entered into an agreement to buy acreage and reserves from Chesapeake Energy (CHK) in a deal that will help end a dispute between the oil players. GST says it will purchase about 6.8M shares of CHK's stock in it and settle all pending litigation for $85M.