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A&D - Gulfport sells Marcellus rights & preps SCOOP water sale - May 2019
Gulfport Energy struck a deal to sell what it describes as a “small footprint” of Marcellus formation rights overlying a portion of its eastern Ohio Utica shale acreage. The company said expected proceeds allowed it to repurchase ~$30 million of Gulfport common stock during Q1, reducing its shares outstanding by ~2%. In January, its board authorized the company to acquire up to $400 million of its outstanding common stock within a 24-month period, and $370 million remains available under the......
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