Annual report pursuant to Section 13 and 15(d)

RELATED PARTY TRANSACTIONS

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RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS RELATED PARTY TRANSACTIONS
In the ordinary course of business, the Company has conducted business activities with certain related parties.
As discussed in Note 2, the Company's previously owned shares of the outstanding common stock of Mammoth Energy were used to settle Class 4A claims in 2021. Subsequent to Gulfport's emergence, the Company held no shares of Mammoth Energy's outstanding common stock. There were no material amounts of services provided by Mammoth Energy that were provided during the Prior Predecessor Period.
Share Repurchase Program
Concurrent with the closing of the June offering transaction discussed in Note 7, the Company purchased 215,060 shares of its common stock from Silver Point Capital, L.P. for approximately $20.4 million. The repurchase is part of the Company's existing share Repurchase Program. Upon closing of the transaction on June 26, 2023, the repurchased common stock was cancelled.
The Company purchased 146,455 shares of its common stock from Silver Point Capital, L.P. for approximately $20.0 million. The repurchase is part of the Company's existing share Repurchase Program. Upon closing of the transaction on December 11, 2023, the repurchased common stock was cancelled.