Gulfport Energy Emerges from Bankruptcy w/New Board, CEO/CFO Gone

Last November Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), filed for a “pre-arranged” Chapter 11 bankruptcy (see Gulfport Energy Files for Pre-arranged Chapter 11 Bankruptcy). Gulfport’s bankruptcy road has been bumpy (see Gulfport’s Bumpy Bankruptcy – Asset Transfer, Exec Bonuses Questioned). The bumps are now gone, along with the former CEO, CFO, and board of directors.