Gulfport Energy Corp. (Nasdaq: GPOR) announced that it proposes to offer, subject to market conditions and other factors, $250 million aggregate principal amount of senior notes due 2020 to qualified institutional buyers.

Gulfport expects to use the net proceeds of the offering to repay outstanding indebtedness under its senior secured revolving credit facility and for general corporate purposes, including the funding of a portion of its 2012 and 2013 capital development plans.