Deal Insight

Gulfport enters SCOOP in US$1.85 billion acquisition from PE-backed Vitruvian Exploration

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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.

What's included

This report contains

  • Document

    Gulfport enters SCOOP in US$1.85 billion acquisition from PE-backed Vitruvian Exploration

    PDF 294.29 KB

Table of contents

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

Tables and charts

This report includes 9 images and tables including:

Tables

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Deal analysis: Table 4
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

Images

  • Gulfport takes over Vitruvian on the western edge of the SCOOP

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