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%.

Related Articles

BLM Rock Springs office seeks comments on proposed gas project

10/14/2014 The US Bureau of Land Management’s Rock Springs field office is seeking public comments on a proposal to develop up to 17 natural gas wells on as m...

Study: EPA overlooks large methane sources

10/14/2014 Methane inventories by the US Environmental Protection Agency, which underlie efforts to regulate emissions from hydraulic fracturing and other oil...

IEA reduces global oil demand forecast again on slower economic growth

10/14/2014 The International Energy Agency’s Oil Market Report (OMR) for October continues to reduce its forecast of global oil demand for 2014 by 200,000 b/d...

Woodside farms into offshore Cameroon block

10/14/2014 Woodside Petroleum Ltd., Perth, has farmed into the Tilapia production-sharing contract offshore Cameroon under an agreement with Glencore and Nobl...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected