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BRIEF-Gulfport to buy acreage in Oklahoma's SCOOP for $1.85 bln
December 14, 2016 / 10:27 PM / 10 months ago

BRIEF-Gulfport to buy acreage in Oklahoma's SCOOP for $1.85 bln

Dec 14 (Reuters) - Gulfport Energy Corp

* Gulfport Energy Corp- company intends to fund cash portion of acquisition through potential debt and equity financings

* Gulfport Energy Corp - total purchase price of $1.85 billion.

* Gulfport Energy Corp - deal consisting of $1.35 billion in cash and approximately 18.8 million in shares of gulfport common stock

* Gulfport - entered into a definitive agreement with Vitruvian II Woodford, LLC to acquire approximately 46,400 net surface acres in core of SCOOP

* Gulfport Energy Corp announces entry into the SCOOP play with complimentary acquisition of approximately 85,000 net effective acres Source text for Eikon: Further company coverage:

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