Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in May with a new board and new top management (see Gulfport Energy Emerges from Bankruptcy w/New Board, CEO/CFO Gone). Since that time the company has worked hard to better its financial position and its image. Yesterday Gulfport announced its “credit facility” (the amount it can borrow, what we call a line of credit) has increased by another $160 million.
Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in May with a new board and new top management (see 