Naperville, IL -- (SBWIRE) -- 04/25/2013 -- Reportstack, provider of premium market research reports announces the addition of Gulfport Energy to Acquire Additional 22,000 Net Acres in Utica Shale, Ohio, from Windsor Ohio for US$220MM: Acquisition to Increase the Companys Net Production by 205.7% - Deal Analysis from GlobalData market report to its offering
Gulfport Energy to Acquire Additional 22,000 Net Acres in Utica Shale, Ohio, from Windsor Ohio for US$220MM: Acquisition to Increase the Companys Net Production by 205.7% - Deal Analysis from GlobalData
Gulfport Energy Corporation (Gulfport) agreed to acquire an additional 22,000 net acres in the Utica Shale of Eastern Ohio, from Windsor Ohio LLC (Windsor), an affiliate of Wexford Capital LP, for a purchase consideration of approximately US$220.4MM. The transaction excludes the acquisition of 14 existing wells and 16 proposed future wells, along with certain acreage surrounding each well. Tudor, Pickering, Holt & Co., LLC is acting as financial advisor to Gulfport Energy in the transaction. The transaction is expected to be completed prior to the end of February 2013.
- Rationale behind Gulfport Energy's Plan to acquire additional 22,000 net acres in Utica Shale, Ohio, from Windsor Ohio
- To know about the impact of the acquisition on Gulfports net production.
- Geography Covered- US
Reasons to buy
- To understand the impact of the proposed acquisition on Gulfports working interest in its Utica shale acreage and on its net production in 2013
- To know that the acquisition of additional acreage is part of Gulfports plan to build an oil-focused asset base and diversify its geographic presence
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