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7 Pages

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

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

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 includes 1 file(s)

  • Gulfport enters SCOOP in US$1.85 billion acquisition from PE-backed Vitruvian Exploration PDF - 294.29 KB 7 Pages, 8 Tables, 1 Figures


The upstream oil and gas industry conducts activities against a backdrop of growing energy and environmental challenges. Political instabilities, international conflicts and government and environmental regulation have all impacted the production process.

This has forced companies to re-examine their corporate strategy, moving away from high-risk exploratory drilling to lower-risk exploration in mature basins as they search for increased returns.

This Upstream Oil and Gas Deal Insight report provides an in-depth analysis of this deal. You will also find information about upstream assets and the strategic rationale behind the deal.

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

In this report there are 9 tables or charts, including:

  • Executive summary
    • Executive summary: Table 1
  • Transaction details
  • Upstream assets
    • Gulfport takes over Vitruvian on the western edge of the SCOOP
    • Upstream assets: Table 1
  • Deal analysis
    • Deal analysis: Table 1
    • Deal analysis: Table 2
    • Deal analysis: Table 3
    • Deal analysis: Table 4
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions
    • Oil & gas pricing and assumptions: Table 1
    • Oil & gas pricing and assumptions: Table 2
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