Gulfport Energy Acquires Even More Utica Shale Acreage

From Yahoo! News:
Gulfport Energy Corp. is adding to its property in the Utica Shale, which is believed to hold enormous reserves of natural gas and oil.
The oil and gas producer said Monday that it will buy about 22,000 acres in the Utica Shale in eastern Ohio for about $220 million from Windsor Ohio, an affiliate of investment firm Wexford Capital. It's paying for the deal with help from a stock offering of 7.8 million shares, also launched Monday.
In December Gulfport acquired 37,000 acres from Windsor Ohio. The new deal, expected to close before the end of the month, would bring Gulfport's interest in the Utica Shale to about 128,000 acres.
Read the whole story here. 

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