Gulfport Energy Corp., Oklahoma City, (Nasdaq: GPOR) and Windsor Permian LLC, a subsidiary of Wexford Capital LLC, Greenwich, Conn., plan to acquire 50% working interest each in the Permian Basin in West Texas from ExL Petroleum LP, Midland, Texas, for some $170 million. Gulfport and Windsor will each pay some $85 million. The assets include 4,100 net acres each to Gulfport and Windsor in Upton and Midland counties with 32 gross wells predominately from the Wolfcamp formation. Production is 800 net barrels of oil equivalent a day to each company (64% oil, 23% gas liquids, 13% gas). Proved net reserves are 6.9 million barrels of oil equivalent each, with 23% proved developed producing.
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