Gulfport Energy (GPOR) -3.3% premarket after announcing a public offering of 7.75M shares of...

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

Gulfport Energy (GPOR) -3.3% premarket after announcing a public offering of 7.75M shares of common stock. Net proceeds will be used to fund the purchase of ~22K net acres in the Utica Shale in Ohio from an affiliate of Wexford Capital for ~$220M. The deal increases GPOR's Utica leasehold interests to ~128K net acres.