Gulfport Energy Files for Pre-arranged Chapter 11 Bankruptcy

We hoped it wouldn’t happen, but warned you it might when Gulfport Energy announced several weeks ago it had missed a debt payment and was in “restructuring” talks (see Gulfport Energy Misses Debt Payment, in “Restructuring” Talks). On Saturday, Gulfport, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), announced it had filed for a “pre-arranged” Chapter 11 bankruptcy.

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