Gulfport Energy weighs merger with Ascent Resources – Bloomberg (NYSE:GPOR)
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Gulfport Energy (NYSE:GPOR) has discussed merging with closely held oil and gas explorer Ascent Resources, Bloomberg reports.
Gulfport rose 4% Friday to close at $87.08, giving it a market value of ~$1.9B; a merger with Ascent Resources would value the combined company at ~$8B, according to the report.
Gulfport and Ascent are both active in the gas-rich Utica Shale of Ohio.
Gulfport Energy recently reported in-line Q4 results while guiding FY 2022 production lower.
