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.
October 23, 2014
10:01 EDTGPOROn The Fly: Analyst Initiation Summary
Subscribe for More Information
06:40 EDTGPORGulfport Energy initiated with a Positive at Susquehanna
Target $64.
October 21, 2014
10:00 EDTGPOROn The Fly: Analyst Upgrade Summary
Subscribe for More Information
08:29 EDTGPORGulfport Energy upgraded to Buy from Neutral at Global Hunter
Subscribe for More Information
07:59 EDTGPORGulfport Energy has material upside, says at SunTrust
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