Gulfport agrees to buy Utica shale acreage

Gulfport Energy Corp. has entered a definitive agreement to buy about 30,000 net acres in the Utica shale area of eastern Ohio from Windsor Ohio LLC for $300 million.

Windsor Ohio is an affiliate of Wexford Capital LP.

The deal excludes 14 existing wells and acreage surrounding each well. It increases Gulfport’s leasehold interests in the Utica shale to about 137,000 gross acres (99,000 net) and its working interest in the acreage to 72.5%.

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