Gulfport Grabs Some Extra Land in Ohio

With the amount of expansion currently under way from companies in the Utica shale, particularly the very oil-rich western section in Ohio, it's looking like the region could become the next Bakken. And Gulfport (NASDAQ: GPOR), one of the top oil companies in 2012, has just upped its stake in the area by 30,000 acres, at a cost of $300 million. In this video, Motley Fool energy analyst Joel South takes us through some of the plans the company has for the new land, and how much the capital expenditures required for the growth are going to cost.

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