Gulfport Energy Corporation Bankruptcy Case

Gulfport is in a long-running post-confirmation posture: the plan became effective in 2021, but the Mule Sky LLC debtor remains open because no final decree has been entered, with the latest quarterly report showing no current-quarter or cumulative disbursements, transfers, professional-fee payments, or plan distributions for that debtor through March 31, 2026 in the Chapter 11 Post-Confirmation ReportDkt. 1248.

The case began in November 2020 against the backdrop of a levered gas-weighted E&P capital structure, including a roughly $599.2 million first-lien RBL facility agented by The Bank of Nova Scotia and more than $1.7 billion of unsecured senior notes across 2023, 2024, 2025, and 2026 maturities, as reflected in Gulfport’s first-day evidentiary materials in the Exhibit List and Witness ListDkt. 4. The filing was accompanied by contract and regulatory litigation that mattered to the restructuring perimeter: Gulfport sued FERC for declaratory and injunctive relief in the FERC adversary complaintDkt. 1, brought a turnover and property-recovery action against Midship Pipeline in the Midship adversary complaintDkt. 1, and later pursued declaratory relief against Rice Olympus Midstream and Strike Force Midstream in the Rice Olympus and Strike Force complaintDkt. 1.

The restructuring path has therefore moved from a 2020 balance-sheet and contract-restructuring filing into a mature post-confirmation administration. The most recent report identifies April 27, 2021 as the confirmation date and May 17, 2021 as the effective date, while also stating that the case remains open and that no anticipated date for a final decree application is provided in the . The accompanying notes narrow the live posture further: all pre-confirmation professional fees have been satisfied, post-confirmation fees for other reorganized debtors were addressed in earlier final reports, and Mule Sky does not expect claims to be allowed against it, according to the .

Gulfport’s reorganized debtors asked the court to enforce the confirmation order and plan against Senterra Limited and Honey Crest Acres, LLC, seeking to stay two S.D. Ohio cases and enjoin trespass, conversion and unjust-enrichment claims tied to wells drilled in 2015-2017. The plan-enforcement motion says the claims arose before Gulfport’s May 17, 2021 plan effective date and were discharged even though the landowners sued after emergence, with Honey Crest filing in November 2022 and Senterra in May 2024.

The filing extends Gulfport’s TERA I strategy to another set of Ohio mineral-rights plaintiffs. Gulfport argues Senterra previously filed bankruptcy claims only for royalties under valid leases, while both plaintiffs now pursue tort theories based on alleged unauthorized drilling and seek current and future damages for the same pre-emergence conduct. The proposed order would stay the outside litigation while the motion is pending, permanently enjoin pre-effective-date claims, and require dismissal within five business days after entry of an enforcement order.

Gulfport Energy Corporation

Gulfport Energy Corporation

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Gulfport moves to shut down Senterra and Honey Crest mineral-rights suits

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