Gulfport Energy Corporation Announces Proposed Sale by Blackhawk Midstream LLC of Certain Equity Interests to Summit Midstream

Gulfport Energy Corporation Announces Proposed Sale by Blackhawk Midstream LLC
of Certain Equity Interests to Summit Midstream Partners, LLC

OKLAHOMA CITY, Dec. 20, 2013 (GLOBE NEWSWIRE) -- Gulfport Energy Corporation
(Nasdaq:GPOR) ("Gulfport") today announced that Blackhawk Midstream LLC
("Blackhawk"), an entity in which Gulfport owns a 50% interest, has entered
into definitive agreements with Summit Midstream Partners, LLC ("Summit
Investments") for the sale to Summit Investments of Blackhawk's equity
interest in two entities, Ohio Gathering Company, LLC and Ohio Condensate
Company, LLC (together, "Ohio Gathering").

Blackhawk has agreed to sell its equity interest in Ohio Gathering for a
purchase price of $190 million. Ohio Gathering is currently owned by MarkWest
Utica EMG, LLC and Blackhawk. Ohio Gathering owns, operates and is developing
significant midstream infrastructure in southeastern Ohio consisting of a
liquids-rich natural gas gathering system, a dry natural gas gathering system
and a condensate stabilization, storage and terminaling facility in the core
of the Utica Shale play. The transaction is expected to close by January 31,
2014, subject to customary closing conditions.

About Gulfport

Gulfport Energy Corporation is an Oklahoma City-based independent oil and
natural gas exploration and production company with its principal producing
properties located in the Utica Shale of Eastern Ohio and along the Louisiana
Gulf Coast. In addition, Gulfport holds a sizeable acreage position in the
Alberta Oil Sands in Canada through its 24.9% interest in Grizzly Oil Sands
ULC, an equity interest in Diamondback Energy Inc., a NASDAQ Global Select
Market listed company, and has an interest in an entity that operates in
Southeast Asia, including the Phu Horm gas field in Thailand.

Forward Looking Statements

This press release includes "forward-looking statements" within the meaning of
Section 27A of the Securities Act of 1933, as amended (the "Securities Act"),
and Section 21E of the Securities Exchange Act of 1934, as amended (the
"Exchange Act"). All statements, other than statements of historical facts,
included in this press release that address activities, events or developments
that Gulfport expects or anticipates will or may occur in the future, future
capital expenditures (including the amount and nature thereof), business
strategy and measures to implement strategy, competitive strength, goals,
expansion and growth of Gulfport's business and operations, plans, market
conditions, references to future success, reference to intentions as to future
matters and other such matters are forward-looking statements. These
statements are based on certain assumptions and analyses made by Gulfport in
light of its experience and its perception of historical trends, current
conditions and expected future developments as well as other factors it
believes are appropriate in the circumstances. However, whether actual results
and developments will conform with Gulfport's expectations and predictions is
subject to a number of risks and uncertainties, general economic, market,
credit or business conditions; the opportunities (or lack thereof) that may be
presented to and pursued by Gulfport; competitive actions by other oil and gas
companies; changes in laws or regulations; and other factors, many of which
are beyond the control of Gulfport. Information concerning these and other
factors can be found in the Company's filings with the Securities and Exchange
Commission, including its Forms 10-K, 10-Q and 8-K. Consequently, all of the
forward-looking statements made in this news release are qualified by these
cautionary statements and there can be no assurances that the actual results
or developments anticipated by Gulfport will be realized, or even if realized,
that they will have the expected consequences to or effects on Gulfport, its
business or operations. Gulfport has no intention, and disclaims any
obligation, to update or revise any forward-looking statements, whether as a
result of new information, future results or otherwise.

CONTACT: Investor Contacts:
         Paul K. Heerwagen IV
         Director, Investor Relations
         pheerwagen@gulfportenergy.com
         405-242-4888
        
         Jessica R. Wills
         Associate Director, Investor Relations
         jwills@gulfportenergy.com
         405-242-4421

Gulfport Energy
 
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