Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in May 2021 with a new board and new top management. By September of last year, the rumors began circulating that the company was shopping itself for sale (see Big News: OH Utica Driller Gulfport Energy Looking to Sell Itself). The two largest drillers in the Ohio Utica (Ascent Resources and Encino Energy) have been reported to be in talks to buy Gulfport. Yet, in Gulfport’s 2Q22 update issued earlier this week, there wasn’t even a whisper about a potential sale or merger.
Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy in May 2021 with a new board and new top management. By September of last year, the rumors began circulating that the company was shopping itself for sale (see 