Michael Moore - out as CEO of Gulfport Energy
Last week Gulfport Energy, an independent oil and gas driller with significant acreage positions in the Utica Shale of eastern Ohio and the SCOOP Woodford and SCOOP Springer plays in Oklahoma, issued its full third quarter 2018 update. Gulfport previously issued an operational update several weeks ago (see Gulfport 3Q18 Operations Update: 11 New Utica Wells). Gulfport didn't issue the full update, with financials, until last week. Perhaps we now know why: the company canned their CEO, Michael G. Moore, following allegations that he used a company credit card, and the company chartered jet, for personal uses. Gulfport appointed COO Donnie Moore (no relation to Michael) to be interim CEO while they figure out next steps.
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