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Gulfport Energy Corporation (GPOR)

  • Dec. 20, 2012, 10:13 AM
    Gulfport Energy (GPOR +0.9%) says it is acquiring 7K net acres in the Utica shale in addition to its reported purchase of ~30K net acres earlier this week; the total acquisition price is ~$372M. GPOR now sees total 2013 production of 7.6M-7.9M boe, with E&P capital expenditures of $415M-$425M, excluding potential expenses relating to Grizzly.
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  • Dec. 17, 2012, 5:07 PM
    Gulfport Energy (GPOR) agrees to purchase 30K net acres in the Utica Shale in Ohio from an affiliate of Wexford Capital for ~$300M, increasing GPOR's Utica leasehold interests to ~99K net acres. To fund the deal, GPOR plans a public offering of 9M common shares. GPOR -3.3% AH.
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Company Description
Gulfport Energy Corp is an independent oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of crude oil, natural gas liquids and natural gas in the United States.