Credit hedge fund Silver Point Capital now owns more than 19% of the shares in Oklahoma City-based Gufport 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 now owns 19.4% of the shares in Gulfport, 3,739,920.00 shares.
Details of the filing showed Gulfport had 17,561,724 shares of common stock outstanding at the end of July, details of which were provided in the company’s Form 10-Q filed with the SEC in August. Silver Point received 1,741,150 shares of common stock upon the conversion of the 23,743 shares of Preferred Stock it held.
“On September 5, 2025, the Issuer filed a Form 8-K with the SEC disclosing that, due to the conversion of shares held by Preferred Stock holders, approximately 2.1 million additional shares of Common Stock had become outstanding as of September 5, 2025, in which case, the Reporting Persons’ beneficial ownership would have represented approximately 19.0% as of September 5, 2025,” stated the filing.
Silver Point Capital was created in 2002 and is led by founders Ed Mule 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 NGL with a primary focus in the Appalachia and Anadarko basins. Its main 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.