If you don't see it, please check your junk folder. Prior to joining Chesapeake, Mr. Craine was a partner with Bracewell LLP, a global law firm, where his practice focused on securities and corporate regulatory matters and investigations. Mr. Hodges joined Gulfport as the Executive Vice President and Chief Financial Officer in April 2023. The companies have talked about a stock-based transaction, according to an unnamed source familiar with the matter. Gulfport is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. (Bloomberg) -- Gulfport Energy Corp. has discussed merging with rival oil and gas explorer Ascent Resources, according to people familiar with the matter, as U.S. energy companies consider pairing up amid rebounding commodity prices. Utica Shale explorer had been in discussions with Ascent, Discussions come as M&A heats up in oil and gas sector. Gulfport and Ascent have discussed a transaction that would . Gulfport and Encino have discussed a stock-based transaction, said one of the people, who asked to not be identified as the talks are private. Gulfport is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. Mr. Craine received his Bachelor of Arts degree, summa cum laude, Phi Beta Kappa, from Wabash College, and his Juris Doctorate, cum laude, from the Southern Methodist University Dedman School of Law. Gulfport, which emerged from bankruptcy last year, is active in the natural-gas rich Utica Shale of Ohio. RT=Real-Time, EOD=End of Day, We have enabled email notificationsyou will now receive an email if you receive a reply to your comment, there is an update to a comment thread you follow or if a user you follow comments. Photographer: Daniel Acker/Bloomberg , Bloomberg. Gulfport, which emerged from bankruptcy last year, is active in the natural-gas rich Utica Shale of Ohio. No deal is imminent and the companies could opt to not proceed with a merger, the people added. Gulfport is an independent natural gas-weighted exploration and production company with assets primarily located in the Appalachia and Anadarko basins. The company operates through oil and gas exploration and development assets in Utica Shale, Athabasca, Peace River oil, and Cold Lake oil sands regions. Prior to joining Williams Companies, she was Vice President of EH&S at Access Midstream and served as Director of Federal Regulatory Affairs for Chesapeake Energy Corporation. Gillian Tan, Kiel Porter and David Wethe, Bloomberg News. Earlier in her career, Ms. Timmermeyer served as Director of the Division of Air Quality for the West Virginia Department for Environmental Protection where she was also appointed as Cabinet Secretary by two Governors, Governor Wise and Senator Manchin. Prior to joining Blue Ridge, Mr. Rucker served as a Production Superintendent for Chesapeake Energy Corporation from January 2014 to October 2016, overseeing Chesapeakes Utica Shale production. to the report, which said talks are at an early stage and a deal is not imminent. Mr. Sluiter joined Gulfport as the Senior Vice President of Reservoir Engineering in December 2018 from Noble Energy, Inc., where he most recently served as the Permian Basin Business Unit Manager at Noble Energy, Inc. 15 minutes unless otherwise indicated (view PD=Previous Day. A representative for Gulfport declined to comment. 2023 Financial Post, a division of Postmedia Network Inc. All rights reserved. Gulfport Energy Corp. is considering merging with closely held Encino Energy LLC after discussions with rival oil and gas explorer Ascent Resources collapsed, according to people familiar with the matter. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. (Bloomberg) -- Gulfport Energy Corp. has discussed merging with rival oil and gas explorer Ascent Resources, according to people familiar with the matter, as U.S. energy companies consider pairing up amid rebounding commodity prices. Gulfport Energy Corporation is an Oklahoma City-based independent oil and natural gas exploration and production company with its principal properties located in the Utica Shale in Eastern Ohio, the SCOOP Woodford and SCOOP Springer plays in Central Oklahoma. You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan,and submit your feedback using our Accessibility webform. Mr. Zitkus has served as Senior Vice President of Land effective January 2017 and, prior to such time, as Vice President of Land si Read More . . Gulfport and Encino have discussed a stock-based transaction, said one of the people, who asked to not be identified as the talks are private. In March the rumor mill said Gulfport was in talks to sell itself to Ascent Resources (see Rumor: Gulfport Energy in Talks to Merge with Ascent Resources). Its expansion will further bolster U.S. oil output, which already exceeds 10 million barrels a day, surpassing the record set in 1970. Mr. Reinhart joined Gulfport as President, Chief Executive Officer and Director in January 2023. */
. Representatives for Encino and Ascent didnt immediately respond to requests for comment. Gulfport and Encino have discussed a stock-based transaction, said one of the people, who asked to not be identified as the talks are private. Unauthorized distribution, transmission or republication strictly prohibited. Subscribe for only $71.99 annually, Gulfport Energy Considers Merger With Encino Energy, Posthaste: Why the Bank of Canada will likely raise interest rates again and maybe again, David Rosenberg: Rate hike is nail in the coffin that will bury Canada's debt-heavy economy, The Bank of Canada just 'stomped' on the housing market rebound, Glencore offers to buy Teck's coal business as takeover battle takes a turn, 'Weakness under the hood': What economists are saying about Canada's surprise jobs loss, tap here to see other videos from our team. If you have an ad-blocker enabled you may be blocked from proceeding. Gulfport (GPOR), which emerged from bankruptcy last year, is active in Ohio's Utica shale, where Encino also has operations after an affiliate bought Chesapeake Energy's operations in the basin for ~$1.9B in 2018. Talks are at an early stage, a deal isnt imminent and the companies could decide against pursuing a merger, the people added. Daily content from Financial Times, the world's leading global business publication. To ensure this doesnt happen in the future, please enable Javascript and cookies in your browser. Is this happening to you frequently? For a limited time, subscribe for only $71.99 annually, Save BIG this Spring! Please. Gulfport ( GPOR ), which emerged from bankruptcy last year, is active in Ohio's Utica shale, where Encino also has operations after an affiliate bought Chesapeake Energy's operations in the. Talks are at an early stage, a deal isnt imminent and the companies could decide against pursuing a merger, the people added. In addition, Ms. Timmermeyer holds a Juris Doctorate from the West Virginia University College of Law and is licensed to practice law in West Virginia and Oklahoma. Mr. Zitkus is a member of the American Association of Professional Landmen and Past Regional Director of the Independent Petroleum Association of America. Gulfport Energy Corp. Watch NYSE: GPOR Share price (5/5/23): $90.53 Market cap (5/5/23): $1.678 billion Plans of Reorganization, Merger, Acquisition or Similar Filter EX-2.2 from 8-K 74 pages For the Southern District of Texas Houston Division 12/34/56 EX-2.1 #mc_embed_signup{background:#fff; clear:left; font:14px Helvetica,Arial,sans-serif; }
Gulfport had discussed merging with Ascent in a deal that would value the combined company at about $8 billion, Bloomberg News reported in March. Prior to joining the Company, Mr. Craine served as Deputy General Counsel Chief Risk and Compliance Officer at Chesapeake Energy Corporation. Ms. Timmermeyer graduated from West Virginia University with a Bachelor of Science degree in Forestry and holds a Master of Science in Environmental Science from Marshall University. Mr. Hodges joined Gulfport as the Executive Vice President and Chief Financial Officer in April 2023. We believe our plan to generate free cash flow on an annual basis will allow us to further strengthen our balance sheet and ultimately return capital to shareholders. The firm focuses on the exploration, exploitation, acquisition and production of natural gas, liquids . Most recently, Mr. Hodges ser Read More . Gulfport emerged from bankruptcy last year. Gulfport Energy Corporation is an independent natural gas-weighted exploration and production company with . Encino also has operations there, after an affiliate bought Chesapeake Energy Corp.'s. Gulfport Enters Into Restructuring Support Agreement for Pre-Arranged Plan of Reorganization to Reduce Debt by Approximately $1.25 Billion and Significantly Improve its Cost Structure U.S.. On Bloomberg's Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. 31, 2022 8:30 AM ET Gulfport Energy Corporation (GPOR) By: Joshua Fineman, SA News Editor grandriver/E+ via Getty Images Ascent Resources is said to prepare for an IPO could that could. By continuing to use our site, you agree to our Terms of Service and Privacy Policy. Merger and acquisitions may be difficult to complete in the current high price environment given the widening of bid-ask spreads. Gulfport holds a sizeable acreage position totaling approximately ~73,000 net effective acres in the core of the SCOOP. Talks are at an early stage, a deal isnt imminent and the companies could decide against pursuing a merger, the people added. Our principal properties are located in Eastern Ohio targeting the Utica formation and in central Oklahoma targeting the SCOOP Woodford and SCOOP Springer formations. The information you requested is not available at this time, please check back again soon. , Bloomberg. Subscribe now to read the latest news in your city and across Canada. Kiel Porter, Rachel Butt and David Wethe, Bloomberg News, Drill pipe sits on a rack near a Nabors Industries Ltd. rig drilling for Chevron Corp. in the Permian Basin near Midland, Texas, U.S., on Thursday, March 1, 2018. Last month, Permian Basin explorer Centennial Resource Development Inc. agreed to buy private equity-backed rival Colgate Energy in a deal valued at about $2.5 billion. Gulfport Energy Corp. has discussed merging with rival oil and gas explorer Ascent Resources, according to people familiar with the matter, as U.S. energy companies consider pairing up amid rebounding commodity prices. Utica Shale explorer had been in discussions with Ascent, Discussions come as M&A heats up in oil and gas sector. He most recently served as Vice President of Production Operations since August 2022 and joined Javelin in July 2022 as the Vice President of Business Development. Data delayed Gulfport and Ascent have discussed a transaction that would value the combined company at about $8 billion, said one of the people, who asked to not be identified because the matter isnt public. If you are a Home delivery print subscriber, unlimited online access is, Save BIG this Spring! Prior to joining Javelin, Mr. Rucker served as the Executive Vice President, Chief Operating Officer for Montage Resources Corporation following Montages successful business combination transaction with Blue Ridge Mountain Resources in June 2020. Gulfport and Ascent are both active in the natural-gas rich Utica Shale of Ohio. Share your thoughts and join the conversation in the comments. There was an error, please provide a valid email address. Gulfport may pursue smaller leasehold acquisitions on acreage complementary to its current acreage. Mr. Rucker joined Gulfport as the Senior Vice President of Operations in March 2023 from Javelin Energy Partners. Gulfport Energy reports Q1 results Seeking Alpha 37d Notable earnings after Tuesday's close Seeking Alpha 37d Gulfport Energy Q1 2023 Earnings Preview Seeking Alpha 37d YTEN, GRFX among. Gulfport Energy Corp., Oklahoma City, has agreed to acquire Paloma Partners III LLC, Houston, for $300 million. 25, 2022 10:47 PM ET Gulfport Energy Corporation (GPOR) By: Carl Surran, SA News Editor 1 Comment grandriver/E+. delay times for all exchanges). Bloomberg's Matt Miller, Katie Greifeld and Eric Balchunas are joined by leaders in this market, providing critical intelligence to finance advisers and investors of ETFs. It appears those talks didnt go anywhere. The deal is expected to close in the third quarter. Previously, Ms. Timmermeyer served as Vice President of Environment Health & Safety (EH&S) at Williams Companies from January 2015 to January 2017. During his service at Chesapeake, Mr. Rucker held several engineering positions in the Marcellus and Utica Shale asset teams within reservoir, primarily focused on strategic joint ventures, divestitures, acquisitions and resource development planning. The information you requested is not available at this time, please check back again soon. Oil and gas explorers are increasingly looking to pair up as oil prices surge. During his 20-year tenure with Equitable Resources Inc. (now EQT Corp.), he held various positions, including Vice President of Operations and Senior Vice President of Land, between 1987 and 2007. Representatives for Gulfport and First Reserve declined to comment, while a representative for Ascent didnt immediately respond to requests seeking comment. (Bloomberg) Gulfport Energy Corp. is considering merging with closely held Encino Energy LLC after discussions with rival oil and gas explorer Ascent Resources collapsed, according to people familiar with the matter. Ms. Timmermeyer joined Gulfport as the Vice President of Environment, Health, Safety and Regulatory and Supply Chain in November 2018. June 14, 2017 Energy Companies, Gulfport Energy. The shock merger of the PGA Tour and LIV Golf means Saudi Arabia's strategy of using vast oil riches to boost its soft power by investing billions in global sports can claim its biggest victory . Get email updates from your favourite authors. Gulfport Energy has successfully wiggled out of legally-signed and binding long-term contracts with multiple pipeline companies, including deals that move Marcellus/Utica gas through the Rover and Rockies Express (REX) pipelines. Mr. Reinhart began his career in the United States Army, serving tours in Panama and Iraq. He is a member of the Society of Petroleum Engineers. Gulfport Energy (NYSE:GPOR) is considering merging with closely held Encino Energy after discussions with rival oil and gas explorer Ascent Resources collapsed, Bloomberg reported Thursday. {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}. Gulfport and Encino have discussed a stock-based transaction, said one of the people, who asked to not be identified as the talks are private. Representatives for Encino and Ascent didnt immediately respond to requests for comment. Analyst Says Gulfport Energy 'Ripe' for Merger/Sale. Terms of Use. Mr. Hodges received his Bachelor of Business Administration in Finance from the University of Oklahoma and a Master of Science in Energy Management from Oklahoma City University and is a Certified Public Accountant in the State of Oklahoma. /* Add your own MailChimp form style overrides in your site stylesheet or in this style block.
Gulfport is an independent, natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States. Combined company would be valued at about $8 billion, Ascent Resources backed by private equity firm First Reserve, Oil Traders Are Daring to Defy Market Kingpin Saudi Arabia, Morgan Stanley, Goldman at Odds on S&P 500s Bull Market Rally, Goldman Expects L-Shaped Recovery in China Property Market, China Orders Last Indian Journalist in Country to Leave, S&P 500 Advances Toward Highest Since April 2022: Markets Wrap. Mr. Reinhart started his oil and gas career at SLB before joining Chesapeake Energy Corporation, where he held operations roles with increasing responsibility. By Gillian Tan, Kiel Porter and David Wethe. Gulfport and Ascent are both active in the natural-gas rich Utica Shale of Ohio. Closely held Ascent Resources is backed by private equity firm First Reserve. "Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Gulfport is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. Gulfport Energy Corp. is an independent oil natural gas exploration and production company. You are now being redirected to the BCE.ca website (Bell Canada Enterprises), where you can view our Accessibility plan,and submit your feedback using our Accessibility webform. April 3, 2023. Exchange-traded funds that specialize in the sector have fallen around 10% to 20% this year, versus an 8% uptick . To accomplish these goals, we allocate capital to projects we believe offer the highest rate of return and we deploy leading drilling and completion techniques and technologies in our development efforts. We apologize, but this video has failed to load. Before Mr. Craine entered private practice, he served as a lawyer with the U.S. Securities and Exchange Commission and the Financial Industry Regulatory Authority where he held leadership positions in their Oil and Gas Task Forces. articles a month for anyone to read, even non-subscribers! On Bloomberg's Odd Lots podcast Joe Weisenthal and Tracy Alloway explore the most interesting topics in finance, markets, and economics. AI-powered legal analytics, workflow tools and premium legal & business news. {{data.symbol | reutersRICLabelFormat:group.RICS}}, {{ stock | formatPrefix }}{{ stock.netChng | formatNetChange }}. Ms. Timmermeyer served as a board member of Alpha Natural Resources from 2016 to 2018. 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He holds a degree in Mineral Land Management from the University of Evansville. Gulfport Energy weighs merger with Ascent Resources - Bloomberg seekingalpha.com - March 25 at 11:49 PM: A Closer Look At Gulfport Energy Corporation's (NYSE:GPOR) Impressive ROE finance.yahoo.com - March 8 at 6:31 AM: Gulfport Q4 results -- in line earnings, production guided lower Mr. Sluiter began his career as a wireline field services engineer for Schlumberger in Thailand. Gulfport Energy Corp (Gulfport) is an oil and gas company that explores, develops and produces crude oil and natural gas. The next issue of Financial Post Top Stories will soon be in your inbox. Buese will serve as an advisor to the Company until May 3, 2023. Is this happening to you frequently? What about this time? Prior to that role he spent over 17 years developing his skills and expertise in unconventional resource development, reservoir engineering, subsurface development, business development/M&A, and leadership at Noble Energy, Santos Australia and Santos USA. 365 Bloor Street East, Toronto, Ontario, M4W 3L4. We ask you to keep your comments relevant and respectful. Gulfport Energy Corp. is considering merging with closely held Encino Energy LLC after discussions with rival oil and gas explorer Ascent Resources collapsed, according to people familiar with the matter. QuoteMedia. Get Alerts GPOR Hot Sheet. Gulfport Energy recently reported in-line Q4 results while guiding FY 2022 production lower. To contribute to the conversation, you need to be logged in. Please. According to an article appearing on Forbes, "The sell-off of oil and gas exploration and production stocks has been brutal. Bloomberg reported in March that Gulfport (GPOR) had discussed merging with Ascent in a deal that would value the combined company at ~$8B. This website uses cookies to personalize your content (including ads), and allows us to analyze our traffic. Access articles from across Canada with one account. Mar. Gulfport and Encino have discussed a stock-based transaction, said one of the people, who asked to not be identified as the talks are private. Overall Analyst Rating: Monday, July 4, 2022 by Sara Welch 0 Comments Gulfport Energy Corp. may merge with Encino Energy LLC following the collapse of discussions with rival oil and gas explorer Ascent Resources, according to Bloomberg sources. Copyright 2009-2022 Marcellus Drilling News |, Rumor: Gulfport Energy in Talks to Merge with Ascent Resources, NYMEX NatGas Price Drops 20% in Single Day re Freeport LNG, Storage, West Virginia Wins Supreme Court Case Against EPA re Power Plants, Green Activists Complain to Wrong Agency re Shell Cracker Violations, Baker Hughes Rig Count Down 6th Week in a Row Indicating a Trend, The World Needs PA Marcellus Gas Philly Port Could Export It, Researchers Find Fracking May Impact Smaller Streams in SE Ohio, Energy Discrimination to Become Law in New York with Geothermal Bill, U.S. Electricity Generation Continues to Be Dominated by NatGas, New Shell CEO Reverses Course More O&G Drilling, Less Renewables, Other Stories of Interest: Mon, Jun 12, 2023, Va. Air Board Approves Gov. Prior to joining the Company, Mr. Zitkus served as an independent consultant from October 2013 to March 2014 and as Vice President of Land for Chesapeake Energy Corporation from May 2007 to October 2013. Energy companies are considering pairing up amid rebounding commodity prices. Encino also has operations there, after an affiliate bought Chesapeake Energy Corp.s operations in the basin for about $1.9 billion in 2018. Gulfport has a large exposure to the basin and currently has ~193,000 net acres under lease in the core of the dry gas, wet gas and condensate windows of the play. Gulfport is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. Gulfport Energy Corp. is considering merging with closely held Encino Energy LLC after discussions with rival oil and gas explorer Ascent Resources collapsed, according to people familiar with the matter. Gulfport, which emerged from bankruptcy last year, is active in the natural-gas rich Utica Shale of Ohio. Prior to Montage, Mr. Rucker served as Vice President, Resource Planning and Development of Blue Ridge from 2016 to 2020. PDC Energy Inc. agreed to buy Great Western Petroleum for $1.3 billion in February while Oasis Petroleum Inc. agreed to a $6 billion combination with Whiting Petroleum Corp. this month. Last month, Permian Basin explorer Centennial Resource Development Inc. agreed to buy private equity-backed rival Colgate Energy in a deal valued at about $2.5 billion. Gulfport Energy Corp. reported in a Form 8-K filing on Nov. 5 that it missed the interest payment due Nov. 2 on its 6.625% senior unsecured notes due 2023, starting a 30-day grace period. Reinhart previously served as President and Chief Executive Officer of Blue Ridge Mountain Resources and as Chief Operating Officer at Ascent Resources. Talks are at an early stage, a deal isnt imminent and the companies could decide against pursuing a merger, the people added. Mr. Zitkus has served as Senior Vice President of Land effective January 2017 and, prior to such time, as Vice President of Land since March 2014. He most recently Read More . Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. According to a "heavily revised" disclosure statement filed by Gulfport, there are "concerns" from the Debtors' Official Committee of Unsecured Creditors about Gulfport (the parent) transferring $1 billion worth of assets to a subsidiary, Gulfport Appalachia, when both were likely insolvent. Gulfport Energy Reports First Quarter 2023 Financial and Operational Results, Gulfport Energy Announces First Quarter 2023 Financial and Operating Results Conference Call Information. This advertisement has not loaded yet, but your article continues below. Chevron, the world's third-largest publicly traded oil producer, is spending $3.3 billion this year in the Permian and an additional $1 billion in other shale basins. Gulfport and Ascent have discussed a transaction that would value the combined company at about $8 billion, said one of the people, who asked to not be identified because the matter isnt public. Gulfport rose 4% to close at $87.08 in New York trading Friday, giving the Oklahoma City-based company a market value of about $1.9 billion. Read more about cookies here. Entering text into the input field will update the search result below. Sources whispering to Bloomberg say that Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), is having exploratory talks with Encino Energy about selling itself to/merging with Encino. Please disable your ad-blocker and refresh. Gulfport fell 5.1% to $79.22 at 1:53 p.m. in New York trading Thursday, giving the Oklahoma City-based company a market value of about $1.7 billion. Most recently, he served as President and Chief Executive Officer of Montage Resources Corporation where he led actions that positioned Montage as an attractive strategic partner with sufficient scale, low debt profile, and achievement of top-quartile operational and financial metrics. Encino also has operations there, after an affiliate bought Chesapeake Energy Corp.s operations in the basin for about $1.9 billion in 2018. Postmedia is committed to maintaining a lively but civil forum for discussion and encourage all readers to share their views on our articles. Market Data powered by The stock currently trades at $72.81. Gulfport (GPOR) and Encino have discussed a stock-based deal, according to the report, which said talks are at an early stage and a deal is not imminent. Nov 18, 2020 Oklahoma City-based Gulfport Energy Corp.'s (Nasdaq: GPOR) made it through most of the year before bringing its balance sheet problems to Houston's bankruptcy court, but the. Gulfport fell 5.1% to $79.22 at 1:53 p.m. in New York trading Thursday, giving the Oklahoma City-based company a market value of about $1.7 billion. "Bloomberg ETF IQ" focuses on the opportunities, risks and current trends tied to the trillions of dollars in the global exchange traded funds industry. Log in to keep reading or access research tools. Daily puzzles, including the New York Times Crossword. Please try again. Market Data copyright 2023 QuoteMedia. Entering text into the input field will update the search result below, in-line Q4 results while guiding FY 2022 production lower. Price: $92.04 +0.54%. We recommend moving this block and the preceding CSS link to the HEAD of your HTML file. Mr. Reinhart joined Gulfport as President, Chief Executive Officer and Director in January 2023. Mr. Sluiter is a graduate of the University of Sydney, Australia, with a Bachelor of Science degree in Chemical Engineering. Mr. Craine has served as Chief Legal and Administrative Officer since June 2021 and joined Gulfport as Executive Vice President, General Counsel and Corporate Secretary in May 2019. Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc. A welcome email is on its way. Our strategy is to develop our assets in a manner that generates sustainable cash flow and improves margins and operating efficiencies, while improving our Environmental, Social and Governance and safety performance. Bloomberg Chief Washington Correspondent Joe Mathieu delivers insight and analysis on the latest headlines from the White House and Capitol Hill, including conversations with influential lawmakers and key figures in politics and policy. Energy companies are considering pairing up amid rebounding commodity prices. Mr. Rucker graduated with a Bachelor of Science degree in Petroleum Engineering from Marietta College, where he continues to serve on the Marietta College Industry Advisory Council. Vice President of Environment, Health, Safety and Regulatory and Supply Chain, Ms. Timmermeyer joined Gulfport as the Vice President of Environment, Health, Safety and Regulatory and Supply Chain in November 20 Read More . Please disable your ad-blocker and refresh. Gulfport emerged from bankruptcy last year. Public company Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), emerged from bankruptcy less than a year ago, in May 2021, with a new board and new top management (see Gulfport Energy Emerges from Bankruptcy w/New Board, CEO/CFO Gone ). Most recently, he served as Presid Read More . You do not have permission to view the comments. Bloomberg News Gillian Tan, Kiel Porter and David Wethe Published Jun 30, 2022 1 minute read Join the conversation (Bloomberg) Gulfport Energy Corp. is considering merging with closely held Encino Energy LLC after discussions with rival oil and gas explorer Ascent Resources collapsed, according to people familiar with the matter. In 4Q21 Gulfport's production was 1.07 billion cubic feet equivalent per day (Bcfe/d), virtually the same as 4Q20. 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President, Chief Executive Officer and Director, Mr. Reinhart joined Gulfport as President, Chief Executive Officer and Director in January 2023. Mr. Craine has over 20 years of extensive senior-level experience handling a broad range of securities, corporate, regulatory, governance, compliance and litigation matters, with particular expertise in the energy industry. Youngkins Plan to Withdraw from RGGI, Big Green Sham Report Says PA RGGI Carbon Tax Cuts Electric Bills. Gulfport Energy Corp. is considering merging with closely held Encino Energy LLC after discussions with rival oil and gas explorer Ascent Resources collapsed, according to people familiar with the matter. Prior to joining Leon Capital, he was the Executive Vice President and Chief Financial Officer for Montage Resources Corporation until its merger with Southwestern Energy Company in November 2020. Mr. Reinhart graduated from West Virginia Universitywith a Bachelor of Science degree in Mechanical Engineering. Gulfport Energy (NYSE:GPOR) has discussed merging with closely held oil and gas explorer Ascent Resources, Bloomberg reports. Our principal properties are located in Eastern Ohio targeting the Utica formation and in central Oklahoma targeting the SCOOP Woodford and SCOOP Springer formations. Visit our Community Guidelines for more information and details on how to adjust your email settings. Oil Traders Are Daring to Defy Market Kingpin Saudi Arabia, Morgan Stanley, Goldman at Odds on S&P 500s Bull Market Rally, Goldman Expects L-Shaped Recovery in China Property Market, China Orders Last Indian Journalist in Country to Leave, S&P 500 Advances Toward Highest Since April 2022: Markets Wrap. Gulfport had discussed merging with Ascent in a deal that would value the combined company at about $8 billion, Bloomberg News reported in March. Michael Hodges was named Executive Vice President and Chief Financial Officer while William ""Bill" Buese will transition from the CFO role. considering merging with closely held Encino Energy, discussed merging with Ascent in a deal that would value the combined company at ~$8B. M&A Gulfport Energy weighs merger with Ascent Resources - Bloomberg Mar. As we were researching background for our lead story today of a potential Gulfport Energy/Ascent Resources merger, we discovered we never reported on Gulport's fourth quarter and full-year 2021 results. Bloomberg's Matt Miller, Katie Greifeld and Eric Balchunas are joined by leaders in this market, providing critical intelligence to finance advisers and investors of ETFs. We encountered an issue signing you up. The deal is said to be valued at about $8 billion. Gulfport is an independent natural gas-weighted exploration and production company focused on the exploration, acquisition and production of natural gas, crude oil and NGL in the United States with primary focus in the Appalachia and Anadarko basins. As a member of Chesapeakes Eastern Division leadership team, Mr. Rucker focused on the safe and efficient optimization of production in the Utica Shale and led an operating team of over 45 employees. The latest Tweet by Bloomberg states, 'Gulfport Energy discusses merger with rival Ascent Resources that would create $8 billion company .' Socially Team Latestly | Mar 26, 2022 05:32 AM IST NEW YORK, Sept 23 (Reuters) - Gulfport Energy Corp (GPOR.N), a U.S. natural gas exploration and production company which emerged from bankruptcy earlier this year, is exploring strategic. The company had telegraphed the miss when it reported in late October that it had extended a forbearance agreement with its lenders to Nov. 13, adding that it . Working at Gulfport Mr. Rucker joined Gulfport as the Senior Vice President of Operations in March 2023 from Javelin Energy Partners. Gulfport had discussed merging with Ascent in a deal that would value the combined company at about $8 billion, Bloomberg News reported in March. A representative for Gulfport declined to comment. Mr. Craine has served as Chief Legal and Administrative Officer since June 2021 and joined Gulfport as Executive Vice President, Ge Read More . Comments may take up to an hour for moderation before appearing on the site. Gulfport Energy Reports First Quarter 2023 Financial and Operational Results, Gulfport Energy Announces First Quarter 2023 Financial and Operating Results Conference Call Information. Create an account or sign in to continue with your reading experience. (Bloomberg) -- Gulfport Energy Corp. is considering merging with closely held Encino Energy LLC after discussions with rival oil and gas explorer Ascent Resources collapsed, according to people familiar with the matter. Senior Vice President, Reservoir Engineering, Mr. Sluiter joined Gulfport as the Senior Vice President of Reservoir Engineering in December 2018 from Noble Energy, Inc., where h Read More . Jun 30, 2022 Gulfport Energy Considers Merger With Encino Energy Gillian Tan, Kiel Porter and David Wethe, Bloomberg News (Bloomberg) -- Gulfport Energy Corp. is considering merging with closely held Encino Energy LLC after discussions with rival oil and gas explorer Ascent Resources collapsed, according to people familiar with the matter. Unlimited online access to read articles from Financial Post, National Post and 15 news sites across Canada with one account. If you are not yet registered, create your account now - it's FREE. National Post ePaper, an electronic replica of the print edition to view on any device, share and comment on. Gulfport rose 4% Friday to close at $87.08, giving it a market value of ~$1.9B; a merger with Ascent Resources would value the combined company at ~$8B, according to the report. Photographer: Daniel Acker/Bloomberg Theme Energy A rumored merger between Utica Shale oil and gas drillers Gulfport Energy Corp. and privately held Ascent Resources would continue the roll-up of Appalachian shale gas producers and would be welcomed by the market, investment analysts said. Changes of corporate officers were announced Monday at Oklahoma City's Gulfport Energy Corporation. Ascent management would run the company under one structure theyve discussed, this person said. Sources whispering to Bloomberg say that Gulfport Energy, the third-largest driller in the Ohio Utica Shale (by the number of wells drilled), is having exploratory talks with Encino Energy about selling itself to/merging with Encino. Gulfport and Ascent are both active in the gas-rich Utica Shale of Ohio. Most recently, Mr. Hodges served as Senior Vice President, Finance and Accounting at Leon Capital Group. The stock currently trades . If you have an ad-blocker enabled you may be blocked from proceeding. Tenet Healthcare and Gulfport Energy : THC is a 2.23% of the portfolio position purchased last quarter at a cost-basis of $48.61. From 2012 until joining Montage Resources in 2018, Mr. Hodges served as the Chief Financial Officer for three upstream energy companies focused on near-term value creation through the acquisition and early-stage development of oil and natural gas resources. It also holds an acreage position in the Alberta Oil Sands in Canada. 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