Gulfport Energy to Acquire Additional 22,000 Net Acres in Utica Shale, Ohio, from Windsor Ohio for US$220MM: Acquisition to Increase the Company’s Net Production by 205.7%

Pages: 5 Published: February 01, 2013 Report Code: GDGE0450M&A

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 Gulfport’s net production.

Geography Covered- US

Reasons to Buy

To understand the impact of the proposed acquisition on Gulfport’s 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 Gulfport’s plan to build an oil-focused asset base and diversify its geographic presence

Table of Contents

1 Table of Contents 1

1.1 List of Tables 1

1.2 List of Figures 1

2 Gulfport Energy to Acquire Additional 22,000 Net Acres in Utica Shale, Ohio, from Windsor Ohio for US$220MM 1

2.1 Deal Overview 1

2.2 Deal in Brief 1

2.3 The Acquisition will Increase Gulfport’s Working Interest in its Acreage in the Utica Shale to

93.8% 2

2.4 The Acquisition of Additional Acreage is Part of Gulfport’s Plan to Build an Oil-focused Asset Base and Diversify its Geographic Presence 3

2.5 Deal Financials and Valuations 4

3 Appendix 5

3.1 Abbreviations 5

3.2 Sources 5

3.3 Methodology 5

3.4 Contact Us 6

3.5 Disclaimer 6

List of Tables

Table 1: Gulfport, Asset Transaction Activity, 2007 to Present 3

Table 2: Gulfport, Budgeted E&P Capital Expenditures by Location (US$MM), 2012–2013 4

Table 3: Companies Involved 4

Table 4: Financials of the Deal 4

Table 5: Advisor Information 4

Table 6: Target Information 4

Table 7: Target’s Acreage Information 4

Table 8: Company Valuation Multiples 5

Table 9: Acquirer Information 5

Table 10: Vendor Information 5

List of Figures

Figure 1: Gulfport, Acreage in the Utica Shale, US, 2012 2

Figure 2: Gulfport, Net Production, mmboe, 2009–2013 2

Figure 3: Gulfport, Budgeted E&P Capital Expenditures by Location (%), 2012–2013 4


Can be used by individual purchaser only


Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Get in touch to find out about our multi-purchase discounts
Tel +44 (0) 20 7947 2960

Every customer’s requirement is unique. We understand that and can customize the report basis your exact research requirements pertaining to market insights, innovation insights, strategy and planning, and competitive intelligence. You can also avail the option of purchasing stand-alone sections of the report or request for a country specific report.

Still undecided about purchasing this report?


“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods