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.
Joel South owns shares of SandRidge Energy. Taylor Muckerman has no positions in the stocks mentioned above. The Motley Fool has options on Chesapeake Energy. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.