Deal Insight
Gulfport enters SCOOP in US$1.85 billion acquisition from PE-backed Vitruvian Exploration
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*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.
Table of contents
- 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 1
- Gulfport takes over Vitruvian on the western edge of the SCOOP
- 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
What's included
This report contains:
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