FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WEXFORD CAPITAL LLC
   2. Issuer Name and Ticker or Trading Symbol
GULFPORT ENERGY CORP [GPOR] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
411 W PUTNAM AVENUE		 3. Date of Earliest Transaction (Month/Day/Year)
08/17/2004
(Street)

GREENWICH, CT 06830		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)		 4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)		 5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)		 6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)		 7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 08/17/2004 08/17/2004 C   599,944 A $ 1.2 1,208,646 I (1) By: Wexford Special Situations 1996, L.P.
Common Stock 08/17/2004 08/17/2004 C   100,672 A $ 1.2 202,813 I (1) By: Wexford Special Situations 1996 Institutional, L.P.
Common Stock 08/17/2004 08/17/2004 C   170,282 A $ 1.2 256,100 I (1) By: Wexford-Euris Special Situations 1996, L.P.
Common Stock 08/17/2004 08/17/2004 C   11,335 A $ 1.2 22,473 I (1) By: Wexford Spectrum Investors LLC
Common Stock 08/17/2004 08/17/2004 C   725,747 A $ 1.2 1,462,089 I (1) By: Wexford Capital Partners II, L.P.
Common Stock 08/17/2004 08/17/2004 C   135,468 A $ 1.2 272,913 I (1) By: Wexford Overseas Partners I, L.P.
Common Stock 08/17/2004 08/17/2004 C   26,933 A $ 1.2 54,258 I (1) By: Wexford Special Situations 1996 Limited

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(Instr. 3 and 4)		 8. Price of Derivative Security
(Instr. 5)		 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)		 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)		 11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Common Stock Purchase Rights $ 1.2 08/17/2004   C     599,944 07/23/2004 08/17/2004 Common Stock 599,944 (2) 0 I (1) By: Wexford Special Situations 1996, L.P.
Common Stock Purchase Rights $ 1.2 08/17/2004   C     100,672 07/23/2004 08/17/2004 Common Stock 100,672 (2) 0 I (1) By: Wexford Special Situations Institutional, L.P.
Common Stock Purchase Rights $ 1.2 08/17/2004   C     170,282 07/23/2004 08/17/2004 Common Stock 170,282 (2) 0 I (1) By: Wexford-Euris Special Situations 1996, L.P.
Common Stock Purchase Rights $ 1.2 08/17/2004   C     11,335 07/23/2004 08/17/2004 Common Stock 11,335 (2) 0 I (1) By: Wexford Spectrum Investors LLC
Common Stock Purchase Rights $ 1.2 08/17/2004   C     725,747 07/23/2004 08/17/2004 Common Stock 725,747 (2) 0 I (1) By: Wexford Capital Partners II, L.P.
Common Stock Purchase Rights $ 1.2 08/17/2004   C     135,468 07/23/2004 08/17/2004 Common Stock 135,468 (2) 0 I (1) By: Wexford Overseas Partners I, L.P.
Common Stock Purchase Rights $ 1.2 08/17/2004   C     26,933 07/23/2004 08/17/2004 Common Stock 26,933 (2) 0 I (1) By: Wexford Special Situations 1996 Limited

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WEXFORD CAPITAL LLC
411 W PUTNAM AVENUE
GREENWICH, CT 06830		     X    

Signatures

 WEXFORD CAPITAL LLC By:/s/ Arthur H. Amron   09/28/2004
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) The Reporting person serves as either the investment manager, manager or sub-advisor to each of the 7 separate entities listed herein as having acquired the Issuer's securities (the "Wexford Entities"). The Reporting Person disclaims beneficial ownership of the securities owned by the Wexford Entities for purposes of Rule 16(a)-(3)(a) promulgated under the Securities Act.
(2) All shareholders of record were distributed one Right for each 1.0146 shares of common stock held as of the record date. Each Right entitled the holder to subscribe to purchase one share of common stock for $1.20. In addition, holders of Rights who exercised all of their Rights had the right to oversubscribe for additional shares at $1.20 per share. All of the Wexford Entities exercised all of their respective rights and certain of the Wexford Entities received additional Rights.

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