One-Page Deal Sheet
Gulfport Adds On Utica Shale Acreage to Deal
Gulfport Energy Corp. Wexford Capital Lp
Announced Date
December 20,2012
Close Date
December 24,2012
Transaction Type
Property
Enterprise Value (EV)($MM)
372
Asset/Basin:
{"Utica Shale"}
TargetZones:
{"Utica Shale"}
Net Acres
Location
Calculated Metrics( EV/Category)
Region
Northeast
Country
United States
State
Ohio
Play
Calculated Metrics( EV/Category)
$/ Acre
Transaction Details: Require Private Equity Subscription
Gulfport Energy Corporation previously announced that on December 17, 2012 it entered into a definitive agreement to purchase approximately 30,000 net acres in the Utica Shale in Eastern Ohio for approximately $302 million. The parties have now amended that agreement to provide for Gulfport's acquisition of approximately 7,000 additional net acres for approximately $70 million, resulting in a total acquisition price of approximately $372 million.
The transaction, which will increase Gulfport's leasehold interests in the Utica Shale to approximately 137,000 gross (106,000 net) acres, excludes…
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