Gulfport Energy Expands Core Utica Inventory Through Ohio Lease Sale Acquisitions
Gulfport Energy acquired approximately 4,700 net undeveloped acres in Belmont County, Ohio, for a total purchase price of roughly $83.0 million. The acreage addition includes approximately 16 net locations in the liquids-rich Utica wet gas window, with development expected to commence in 2027.
Key figures
- Net acres
- 4700
- Net locations
- 16
- Purchase price
- $83.0 million
- Cost per net acre
- $17,500
- Cost per net location
- $5.1 million
- Development start year
- 2027
AI analysis
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