Gulfport Energy – Oil & Gas 360

Gulfport Energy expands common stock repurchase authorization by 63% to $650 million

September 21, 2023

Oil and Gas 360 OKLAHOMA CITY–(BUSINESS WIRE)– Gulfport Energy Corporation (NYSE: GPOR) (“Gulfport” or the “Company”) announced today that its board of directors expanded its common stock repurchase authorization by 63 percent to $650 million. This increased authorization extends the program through December 31, 2024. Key Highlights Expanded common stock repurchase authorization by 63 percent to $650 million Repurchased approximately

Natural gas producer Gulfport Energy files for bankruptcy

November 16, 2020

Reuters Natural gas explorer and producer Gulfport Energy Corp filed for Chapter 11 bankruptcy on Friday, becoming the latest company in the U.S. energy sector to succumb to weak crude prices as the COVID-19 pandemic crimps fuel demand. In a statement on Saturday, Gulfport said it has secured $262.5 million in debtor-in-possession financing from its existing lenders under its revolving

Gulfport Energy Corporation Appoints Alvin Bledsoe to its Board of Directors and gas 360

Gulfport Energy to cut jobs, halt share buybacks

November 18, 2019

Reuters NEW YORK – U.S. gas exploration and production company Gulfport Energy Corp (GPOR.O) on Monday confirmed that it would cut jobs, change its board and end its share buybacks, in a bid to reverse a slide in its stock price. Reuters had reported the news earlier in the day, citing sources. Gulfport shares, which fell 7.8% to $2.85 in

New CFO at Gulfport Energy

August 12, 2019

By Tyler Losier, Energy Reporter, Oil & Gas 360 Quentin R. Hicks joins Gulfport Energy as executive vice president and CFO Gulfport Energy Corporation (stock ticker: GPOR), an independent E&P based out of Oklahoma City, has hired Quentin R. Hicks as its new executive vice president and chief financial officer, effective August 26. Hicks is being hired to replace Keri

Gulfport Board Faulted, Share Buybacks Sought by Investor

January 18, 2019

From Bloomberg One of the largest investors in Gulfport Energy Corp. is urging changes at the natural gas and oil company, saying its board lacks the experience needed to correct its lagging performance. Firefly Value Partners, which said it and its affiliates own 8.1 percent of Gulfport, also wants the company to implement a $500 million share buyback program, according to a

Firefly Value Partners Sends Letter to Gulfport Energy Corporation Board

January 17, 2019

Firefly Value Partners Sends Letter to Gulfport Energy Corporation Board of Directors

Gulfport Energy Scores Big Gas Wells in the SCOOP

May 15, 2018

Expects to fund all $780 million CapEx within cash flow in 2018 Gulfport Energy Corporation (ticker: GPOR) provided an update on two notable SCOOP well results. During its initial 30 days of production, the Lilly 3-15X10H cumulatively produced 395.5 MMcf of natural gas and 9.6 thousand barrels of oil. On a three-stream basis, the Lilly 3-15X10H produced at an average

Gulfport Energy’s ~$800 Million CapEx to Fall Within Cash Flow

January 30, 2018

Gulfport Energy Corporation (ticker: GPOR) has announced that: 2018 CapEx budget will be funded within cash flow, $100 million outstanding common stock will be repurchased this year, 2018 operational outlook forecasts 1,250 MMcfe/d 2018 CapEx and production guidance The 2018 budget includes approximately $630-$685 million for D&C activities and approximately $140-$150 million for non-D&C activities, including midstream capital expenditures associated

Cheniere Gets Commitments from Devon, Marathon and Gulfport for Proposed STACK/SCOOP-to-Gulf Coast Gas Pipeline

March 20, 2017

Cheniere’s Midship open season ends March 30 Cheniere Energy’s (ticker: LNG) Midship Pipeline Company, LLC has signed agreements with foundation shippers to support construction of a 200 mile, 36-inch interstate natural gas pipeline project and has launched a binding open season for shippers—known as the Midship project. Cheniere said the commitments are from subsidiaries and/or affiliates of Cheniere, Devon Energy Corporation

Rice Energy, Gulfport Energy Team up For Utica Shale Joint Venture

October 8, 2015

GPOR Dedicates Acreage in Exchange for Infrastructure Buildout Gulfport Energy (ticker: GPOR) is taking the next step in its recently acquired acreage, reaching a joint venture agreement with a wholly owned subsidiary of Rice Energy (ticker: RICE). The companies expect to invest approximately $640 million for associated midstream assets over the course of the next six years. Rice will construct

Gulfport Energy Purchases Utica Acreage from American Energy Partners

June 9, 2015

Increases Net Utica Position to more than 230,000 Acres Gulfport Energy (ticker: GPOR) made its second sizable acquisition in three months on June 9, 2015, landing 45,163 gross acres (33,426 net) in the Utica Shale from American Energy – Utica, LLC (AEU), a subsidiary of privately held American Energy Partners. The current purchase price is $387.2 million, but a deal

Gulfport Energy Expands Utica Position with $300 Million Acquisition

April 16, 2015

GPOR Offers Stock, Debt to Finance Purchase of Paloma Partners Gulfport Energy (ticker: GPOR) has increased its Utica Shale footprint to approximately 212,000 gross leased acres (208,000 net) with the purchase of 24,000 net nonproducing acres in Belmont and Jefferson Counties from Paloma Partners III, LLC. As announced in a news release on April 15, 2015, the sale has a

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