Current GPOR Stock Info

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 price tag of $300 million and is expected to close in Q3’15.

GPOR believes the new acreage provides 150 drilling locations on 160-acre spacing and plans on adding a full-tim...

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