New User:

-or-
Username:
Password:
Forgot your password?

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
Sign up for a free trial to see the rest of the stories you've been missing.
February 2, 2016
09:21 EDTGPORGulfport Energy downgraded to Neutral from Buy at Seaport Global
Subscribe for More Information
08:17 EDTGPORGulfport says Rice completed first phase of JV projects ahead of schedule
Subscribe for More Information
08:15 EDTGPORGulfport Energy reports Q4 net daily production averaged 643.8 MMcfe/day
Subscribe for More Information
08:14 EDTGPORGulfport Energy reports 83% increase in total proved reserves
Subscribe for More Information
January 29, 2016
16:50 EDTGPORViking Global Investors reports 7.3% passive stake in Gulfport Energy
Subscribe for More Information

Sign up for a free trial to see the rest of the stories you've been missing.
I agree to the theflyonthewall.com disclaimer & terms of use