Gulfport Continues Board “Refreshment” – 4th Change in 5 Weeks

In mid-November Gulfport Energy, one of the biggest drillers in the Ohio Utica Shale (210,000 acres), announced they are laying off 13% of their workforce, ending (for now) their stock share buy-back program, and “refreshing” the board with three new members (see Gulfport Fires 13% of Workers, Ends Stock Buy-Back, Board Changes). Here it is five weeks later and the company has just announced yet another new board member, the fourth new member in five weeks. What’s going on?

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