Gulfport Energy Corp. dumps non-core assets
Tuesday, December 24, 2019
Gulfport Energy entered into agreements to divest non-core assets for up-front proceeds as well as future contingent payments, according to Yahoo Finance.
The company will divest its water infrastructure assets across its SCOOP position to Bison for $50 million in cash and an opportunity to earn potential additional in excess of $50M over the next 15 years.
Gulfport has also recently entered into an agreement to divest certain non-operated interests in the Utica Shale for $29 million. The deal is expected to close by year-end 2019.
Learn more: Yahoo Finance > Gulfport Energy Corporation announces divestiture of non-core assets for a total value in excess of $100 million and provides an update on accretive debt repurchases
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