click for larger version
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 top management. In January of this year, the company appointed a new CEO, John Reinhart, the former President and CEO of M-U driller Montage Resources Corporation before that company was gobbled up by Southwestern Energy. Reinhart subsequently added two former colleagues from his days at Montage Resources to the Gulfport team (see Mgmt Changes at Gulfport – Getting the Montage Band Back Together). Looks like Gulfport's new management team is working wonders. The Gulfport board announced yesterday it is expanding its stock buy-back program by 63 percent to $650 million.
To view this content, log into your member account. (Not a member? Join Today!)
