Name: Gulfport enters SCOOP in US$1.85 billion acquisition from PE-backed Vitruvian Exploration
Brand: Wood Mackenzie
SKU: 58633
Price: 1650 USD
Availability: OnlineOnly
Author: Wood Mackenzie

Deal Insight 28 December 2016

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders

*Please note that this report only includes an Excel data file if this is indicated in "What's included" below

Report summary

Gulfport Energy, a pure-play Utica operator, announced the acquisition of PE-backed Vitruvian Exploration II, a pure play SCOOP operator, for US$1.85 billion in a combination of cash (US$1.35 billion) and equity (US$0.5 billion). Vitruvian Exploration, backed by Quantum Energy Partners, has amassed 46,400 net surface acres across Grady, Garvin and Stephens counties, with flowing production of 183 MMcfe/d (67% gas) primarily from the Woodford reservoir in the western SCOOP. The deal gives Gulfport a foothold in one of the fastest growing plays in the Lower 48 and diversifies Gulfport's portfolio away from the pipeline constrained Northeast.

Executive summary
Transaction details
Upstream assets
Deal analysis
Upsides and risks
Strategic rationale
- Gulfport Energy
- Vitruvian Exploration
Oil & gas pricing and assumptions

Tables and charts

This report includes the following images and tables:

Executive summary: Table 1Gulfport takes over Vitruvian on the western edge of the SCOOPUpstream assets: Table 1

Deal analysis: Table 1Deal analysis: Table 2Deal analysis: Table 3Deal analysis: Table 4Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2