Gulfport Energy (GPOR -3.2%) completes the contribution of its oil and gas interests in the...

|About: Gulfport Energy Corporation (GPOR)|By:, SA News Editor

Gulfport Energy (GPOR -3.2%) completes the contribution of its oil and gas interests in the Permian Basin to Diamondback Energy, which prices its IPO at $17.50/share. If the contribution transaction had closed on Sept. 30, D-back believes it would have owed GPOR ~$16M for the post-closing adjustment, but the actual amount due based on Oct. 11 may vary materially from that amount.