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Stock Market & Financial Investment News

News Breaks
February 11, 2013
07:51 EDTGPORGulfport Energy proposes acquisition of additional Utica acreage for $220M
Gulfport Energy announced its proposed acquisition of additional working interests in the Utica Shale in Eastern Ohio. Gulfport has entered into a definitive agreement to purchase approximately 22,000 net acres in the Utica Shale in Eastern Ohio from Windsor Ohio, an affiliate of Wexford Capital LP, for approximately $220M, increasing Gulfport's leasehold interests in the Utica Shale to approximately 137,000 gross acres. This acquisition excludes Windsor Ohio's interest in 14 existing wells and 16 proposed future wells and certain acreage surrounding these wells. The proposed transaction, which is expected to close prior to the end of February, will increase Gulfport's working interest in the acreage to 93.8%. After giving effect to this acquisition, Gulfport currently estimates that its 2013 net production will be approximately 21,370 to 22,192 barrels of oil equivalent per day. Gulfport will continue to serve as operator of its acreage in the Utica Shale. The transaction was approved by a special committee of Gulfport's board.
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July 30, 2014
08:08 EDTGPORGulfport Energy announces firm transportation agreement with Rockies Express
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08:07 EDTGPORGulfport Energy, Rice Energy in LOI for gas gathering pipelines
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08:05 EDTGPORGulfport Energy reports Q2 production 26,725 BOEPD
Gulfport produced oil and natural gas sales volumes of 2,431,955 barrels of oil equivalent, or 26,725 barrels of oil equivalent per day, in line with the company's previously estimated guidance of approximately 27,100 BOEPD. For Q2, net production was 709,484 barrels of oil, 8,972,137 thousand cubic feet of natural gas and 9,538,843 gallons of natural gas liquids. Before the impact of derivatives, realized prices for Q2 were $99.40 per barrel of oil, $4.43 per MCF of natural gas and $1.14 per gallon of NGL, for a total equivalent of $49.81 per BOE. Gulfport's Q2 natural gas realized price before the impact of derivatives of $4.43 per Mcf represents a price realization of approximately 95% of the NYMEX settlement prices for the second quarter.
July 17, 2014
08:08 EDTGPORGulfport Energy initiated with a Market Perform at FBR Capital
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