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Gulfport Energy Considers Merger With Encino Energy

  • Utica Shale explorer had been in discussions with Ascent
  • Discussions come as M&A heats up in oil and gas sector

Gulfport Energy Corp. is considering merging with closely held Encino Energy LLC after discussions with rival oil and gas explorer Ascent Resources collapsed, according to people familiar with the matter. 

Gulfport and Encino have discussed a stock-based transaction, said one of the people, who asked to not be identified as the talks are private. Talks are at an early stage, a deal isn’t imminent and the companies could decide against pursuing a merger, the people added.