Quarterly report pursuant to Section 13 or 15(d)

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 3个月结束
3月. 31, 2012
收购 [Abstract]  
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Beginning in February 2011, the Company entered into agreements to acquire certain leasehold interests located in the Utica Shale in Ohio. Certain of the agreements also granted the Company an exclusive right of first refusal for a period of six months on certain additional tracts leased by the seller. Gulfport is the operator on this acreage in the Utica Shale. As of 3月ch 31, 2012, the Company had acquired leasehold interests in approximately 107,000 总值 (53500网) acres in the Utica Shale for approximately $150.7 几百万. Gulfport funded these transactions with a portion of the proceeds from public offerings of an aggregate of 6.2 几百万 shares of the Company's common stock completed in 3月ch and July of 2011. The Company also has commitments with various future closing dates that could increase its acreage position in the Utica Shale to an aggregate of approximately 125,000 总值(62,500 净租赁面积. The Company intends to continue to pursue opportunities in this area. Entities controlled by Wexford Capital LP ("Wexford") have participated with the Company on a 50/50 basis in the acquisition of all leases described above.