Gulfport pays American Energy Utica $407M for 35,000-plus acres

Gulfport pays American Energy Utica $407M for 35,000-plus acres

Saturday, June 13, 2015 by Katie Woods

The Business Journal reports that once a deal between Gulfport Energy Corp. and American Energy – Utica LLC closes, Gulfport’s total amount of land will top 262,000 acres.

In Belmont and Jefferson counties, Gulfport bought 6,198 acres for $68.2 million. In Monroe County, the company bought 27,228 acres for $319 million.

On June 10, American Energy – Utica, LLC announced that it was changing it’s name to Ascent Resources LLC and becoming a stand-alone company from American Energy Partners.

Via: The Business Journal > Gulfport Pays $407M for American Energy’s Utica Acreage

American Energy Appalachia Holdings LLC to become Ascent Resources June 12, 2015

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