[Context: Quantum Energy Partners-backed Vitruvian Exploration II Woodford announced sale to Gulfport Energy Corporation (Nasdaq:GPOR) for $1.85bn. Based on deal figures, Gulfport paid Permian-like acreage valuations of nearly $40,000 per surface acre. OilGasEquity.com has previously reported Vitruvian was one the largest natural gas producers in Oklahoma.]
Gulfport Energy Corporation Announces Entry into the SCOOP Play with Complimentary Acquisition of Approximately 85,000 Net Effective Acres
OKLAHOMA CITY, Dec. 14, 2016 (GLOBE NEWSWIRE) — Gulfport Energy Corporation (Nasdaq:GPOR) (“Gulfport” or the “Company”) today announced that the Company has entered into a definitive agreement with Vitruvian II Woodford, LLC (“Vitruvian”), a portfolio company of Quantum Energy Partners, to acquire approximately 46,400 net surface acres in the core of the SCOOP, including approximately 183 MMcfe per day of net production for October 2016 for a total purchase price of $1.85 billion.