Gulfport Energy Looks to Cancel Pipeline Contracts via Bankruptcy

On Monday we brought you the news that Gulfport Energy, the third-largest driller in the Ohio Utica Shale, had filed for bankruptcy over the weekend (see Gulfport Energy Files for Pre-arranged Chapter 11 Bankruptcy). The company issued an update yesterday to say federal bankruptcy court has approved its “first day” motions that allow Gulfport to borrow more money, pay certain people, etc.

We have an update (11/19/20) below.

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