Gulfport Energy Corporation Appoints Alvin Bledsoe to its Board of Directors
January 02 2020 - 4:01PM
Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the
“Company”) announced today Al Bledsoe has been appointed to
Gulfport’s Board of Directors, effective January 1, 2020.
“We are very pleased to welcome Al to our Board
as a new independent director,” commented David M. Wood, President
and Chief Executive Officer. “Al is an experienced finance and
public accounting executive with strategic planning, managerial and
leadership expertise, having led the development and execution of
market and sector strategies for clients in the energy, mining and
utilities industries for PwC. In addition, he brings
significant experience with capital markets and financing
activities, having worked with clients in due diligence and
financing of large merger and acquisition transactions. Al brings a
wealth of expertise to our Board, and we look forward to his many
contributions to our company going forward.”
At PwC, Mr. Bledsoe served in various senior
roles, including as global leader for PwC's Energy, Mining and
Utilities Industries Assurance and Business Advisory Services
Group, a member of the firms senior leadership team, Regional and
Office Managing Partner and as audit and senior relationship
partner on some of the firm’s largest energy industry
clients. Mr. Bledsoe currently serves as director and
audit committee chair of Crestwood Equity GP LLC (general partner
of Crestwood Equity Partners LP, a natural gas and crude oil
logistics master limited partnership holding company). In addition,
he serves as director and audit committee chair of SunCoke Energy,
Inc. (NYSE: SXC).
Following Mr. Bledsoe’s appointment, Gulfport’s
Board is now comprised of seven directors, six of whom are
independent and four of whom have joined the Board in the last
three years. The Company continues to work with a leading
nationally recognized search firm to identify and evaluate new
independent director candidates as a part of its ongoing Board
refreshment process.
About GulfportGulfport Energy
is an independent natural gas and oil company focused on the
exploration and development of natural gas and oil properties in
North America and is one of the largest producers of natural gas in
the contiguous United States. Headquartered in Oklahoma City,
Gulfport holds significant acreage positions in the Utica Shale of
Eastern Ohio and the SCOOP Woodford and SCOOP Springer plays in
Oklahoma. In addition, Gulfport holds an approximately 22% equity
interest in Mammoth Energy Services, Inc. (NASDAQ: TUSK) and has a
position in the Alberta Oil Sands in Canada through its 25%
interest in Grizzly Oil Sands ULC. For more information, please
visit www.gulfportenergy.com.
Forward Looking StatementsThis
press release includes “forward-looking statements” for purposes of
the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995, Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934.
All statements, other than statements of historical facts, included
in this press release that address activities, events or
developments that Gulfport expects or anticipates will or may occur
in the future, future capital expenditures (including the amount
and nature thereof), business strategy and measures to implement
strategy, repurchases of our outstanding debt or equity, the timing
and completion of asset sales, competitive strength, goals,
expansion and growth of Gulfport’s business and operations, plans,
market conditions, references to future success, reference to
intentions as to future matters and other such matters are
forward-looking statements. These statements are based on certain
assumptions and analyses made by Gulfport in light of its
experience and its perception of historical trends, current
conditions and expected future developments as well as other
factors it believes are appropriate in the circumstances. However,
whether actual results and developments will conform with
Gulfport’s expectations and predictions is subject to a number of
risks and uncertainties, including those related to general
economic, market, credit or business conditions that might affect
the timing and amount of the repurchase program; the opportunities
(or lack thereof) that may be presented to and pursued by Gulfport;
Gulfport’s ability to identify, complete and integrate acquisitions
of properties and businesses; Gulfport’s ability to achieve the
anticipated benefits of its strategic initiatives, including the
potential divestiture of certain water infrastructure assets
Gulfport holds across its SCOOP position; competitive actions by
other oil and gas companies; changes in laws or regulations; and
other factors, many of which are beyond the control of Gulfport.
Information concerning these and other factors can be found in the
Company’s filings with the Securities and Exchange Commission,
including its Forms 10-K, 10-Q and 8-K. Consequently, all of the
forward-looking statements made in this press release are qualified
by these cautionary statements and there can be no assurances that
the actual results or developments anticipated by Gulfport will be
realized, or even if realized, that they will have the expected
consequences to or effects on Gulfport, its business or operations.
Gulfport has no intention, and disclaims any obligation, to update
or revise any forward-looking statements, whether as a result of
new information, future results or otherwise.
Investor Contact:Jessica Antle
– Director, Investor
Relationsjantle@gulfportenergy.com405-252-4550
Media Contact:ReevemarkPaul
Caminiti / Hugh Burns / Nicholas Leasure212-433-4600
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