Deal Insight
Gulfport enters SCOOP in US$1.85 billion acquisition from PE-backed Vitruvian Exploration
This report is currently unavailable
*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 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
What's included
This report contains:
Other reports you may be interested in
Asset Report
P`nyang Area
The P`nyang Area will be developed as backfill for the PNG LNG plant.
$3,720
Asset Report
Gachsaran
The super-giant Gachsaran field is Iran's second-largest oil field, with around 67 billion barrels of oil initially in place. It is ...
$3,720
Asset Report
Mero and Libra
Mero is one of Brazil's flagship pre-salt oil and gas developments in the Santos basin. Petrobras carved out the field from the ...
$3,720
