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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.
News For GPOR From The Last 14 Days
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July 27, 2015
08:24 EDTGPORGulfport Energy reports Q2 net production averaged 473.9 MMcfe/d
Gulfport Energy provided a Q2 operational update. Operational highlights for the Q2 include: net production averaged 473.9 MMcfe per day for the quarter, exceeding the Company's previously estimated guidance of approximately 445 MMcfe per day to 455 MMcfe per day; realized natural gas price before the impact of derivatives and including transportation costs averaged $2.23 per Mcf, a $0.41 per Mcf differential to NYMEX during the quarter; realized oil price before the impact of derivatives and including transportation costs averaged $50.15 per barrel, a $7.81 per barrel differential to WTI oil price during the quarter; realized natural gas liquids price, including transportation costs, averaged $12.71 per barrel, or $0.30 per gallon, approximately 22% of the average WTI oil price during the quarter.
July 20, 2015
10:00 EDTGPOROn The Fly: Analyst Upgrade Summary
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08:01 EDTGPORGulfport Energy upgraded to Buy from Accumulate at KLR Group
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