Gulfport, Encino consider combining in merger
Monday, July 4, 2022
Gulfport Energy Corp. may merge with Encino Energy LLC following the collapse of discussions with rival oil and gas explorer Ascent Resources, according to Bloomberg sources.
The companies have talked about a stock-based transaction, according to an unnamed source familiar with the matter. Discussions are at an early stage, a deal isn’t imminent and the merger may not be pursued further, sources added.
Gulfport had previously discussed merging with Ascent in a deal that would value the combined company at about $8 billion.
Learn more: Bloomberg > Gulfport Energy considers merger with Encino Energy
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Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.