UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM
CURRENT REPORT
Pursuant to Section
13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report
(Date of earliest event reported):
(Exact name of registrant as specified in its charter)
|
|
| ||
(State or other jurisdiction of incorporation) |
(Commission File Number) | (I.R.S. Employer Identification No.) |
(Address of Principal Executive Offices and Zip Code)
Registrant’s telephone number, including area code:
NOT APPLICABLE
(Former name or former address, if changed since last report):
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
Written communications pursuant to Rule 425 under the Securities Act (17 CRF 230.425) |
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) |
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) |
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading symbol(s) | Name of each exchange on which registered | ||
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 8.01. Other Events.
Gulfport Energy Corporation (the “Company” and together with its wholly owned subsidiaries, “Gulfport”) finalized a settlement agreement (the “Settlement Agreement”) with Columbia Gas Transmission, LLC, Columbia Gulf Transmission, LLC, and ANR Pipeline Company (collectively, “TC Energy”) that was approved by the Bankruptcy Court for the Southern District of Texas (the “Bankruptcy Court”) on September 21, 2021. Pursuant to the Settlement Agreement, Gulfport and TC Energy agreed that the firm transportation contracts between Gulfport and TC Energy would be rejected without any further payment or obligation by Gulfport or TC Energy, and TC Energy assigned its damages claims from such rejection to Gulfport (the “Assigned Claims”). In exchange, Gulfport agreed to make a payment of $43.75 million in cash to TC Energy. Over time, Gulfport will receive distributions on account of the Assigned Claims pursuant to Gulfport’s Chapter 11 plan of reorganization that became effective in May 2021. Based on current projections, Gulfport presently expects that these distributions will result in Gulfport recovering all, or substantially all, of the $43.75 million paid pursuant to the Settlement Agreement, and that a material portion of such recovery will be received by Gulfport in the next twelve months.
Gulfport also reached an agreement in principle with Stingray Pressure Pumping LLC (“Stingray”) that fully resolves the longstanding litigation between the parties. Gulfport had initiated a lawsuit against Stingray on December 18, 2019 in the Superior Court of the State of Delaware (the “Delaware Court”), and Stingray had countersued in the Delaware Court and filed a claim for $81.28 million against Gulfport in the Bankruptcy Court. Pursuant to the settlement, Stingray and Gulfport have agreed to drop all of the claims brought against each other in Delaware Court and Bankruptcy Court.
A copy of the Settlement Agreement is attached hereto as Exhibit 99.1 and is incorporated herein by reference.
Item 9.01 - Financial Statements and Exhibits.
(d) | Exhibits |
Exhibit No. |
Description | |
99.1 | Settlement Agreement by and among Gulfport and TC Energy, dated September 13, 2021. | |
104 | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document. |
1
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Date: September 27, 2021 | Gulfport Energy Corporation | |
By: | /s/ Patrick Craine | |
Name: | Patrick Craine | |
Title: | Chief Legal and Administrative Officer |
2
天台之窗论坛 博彩平台 阳光语言 bet365中国下载 牙医网 外围足球 威尼斯人赌场 bet9官网 天博 实博 网络赌博 发现王国官方网站 皇冠体育 小咖秀官网 im电竞 建站ABC官方网站 东方财经 济宁医学院本专科招生网 法律博客 南京林业大学南方学院 昆明招聘网 郑州美团网 找素材 象云 万客商城 汉中吧 火影忍者中文网论坛 全职招聘网 融通环保 北京礼品盒厂 爱科凯能 37琅琊榜网页游戏官网 站点地图 91y游戏中心