Credit hedge fund Silver Point Capital now owns almost one-fifth of the shares in Oklahoma City-based Gulfport Energy Corp., a company with a strong focus on natural gas exploration in Ohio.
A filing with the Securities and Exchange Commission revealed Silver Point owns 19.4% of the shares in Gulfport.
Silver Point Capital was created in 2002 and is led by founders Ed Mulé and Bob O’Shea.
The company manages $40 billion of investable assets.
Gulfport is active in the exploration, acquisition and production of natural gas, crude oil and natural gas liquids with a primary focus in the Appalachia and Anadarko basins.
Its primary effort is in eastern Ohio where exploration targets the Utica and Marcellus formations. But it also has exploration efforts in central Oklahoma where the firm targets the SCOOP Woodford and SCOOP Springer formations.