Gulfport Energy plans to spend up to $634 million on its 167,700 Utica acres in 2014

Oklahoma City-based Gulfport Energy Corp., Ohio's second most active oil and gas producer, has plans for capital expenditures of "up to $634 million" on its 167,700 Utica acres in 2014, Columbus Business First reports. The company announced this in a recent investor presentation in which it said its planned expenditures for two other locations in Louisiana and Canada total just $91 million. The company "plans to drill 85 to 95 wells and thinks its acreage covers a healthy mix of wet gas and oil – 52 percent – and dry gas – 48 percent." In March, the company acquired 8,200 Utica acres from Rhino Resource Partners for $185 million (See our March 18, 2014, blog post for more information). For more, read the full story.

National, Ohio