Natural gas producer Gulfport Energy files for bankruptcy By Reuters


© Reuters.

(Reuters) – explorer and producer Gulfport Energy Corp (O:) filed for Chapter 11 bankruptcy on Friday, becoming the latest to succumb to weak crude prices as COVID-19 pandemic crimps fuel demand.

In a statement on Saturday, Gulfport said it has secured $262.5 million in debtor-in-possession financing from its existing lenders under its revolving credit facility, including $105 million in new money that will be available upon court approval.

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