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Proc-Type: 2001,MIC-CLEAR
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<SEC-DOCUMENT>0001005477-04-003487.txt : 20040928
<SEC-HEADER>0001005477-04-003487.hdr.sgml : 20040928
<ACCEPTANCE-DATETIME>20040928162100
ACCESSION NUMBER:		0001005477-04-003487
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20040817
FILED AS OF DATE:		20040928
DATE AS OF CHANGE:		20040928

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			GULFPORT ENERGY CORP
		CENTRAL INDEX KEY:			0000874499
		STANDARD INDUSTRIAL CLASSIFICATION:	CRUDE PETROLEUM & NATURAL GAS [1311]
		IRS NUMBER:				731521290
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		6307 WATERFORD BLVD
		STREET 2:		SUTIE 100
		CITY:			OKLAHOMA CITY
		STATE:			OK
		ZIP:			73118-1401
		BUSINESS PHONE:		4058488808

	MAIL ADDRESS:	
		STREET 1:		3303 FM 1960 W
		STREET 2:		STE 460
		CITY:			HOUSTON
		STATE:			TX
		ZIP:			77057

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WRT ENERGY CORP
		DATE OF NAME CHANGE:	19930328

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	WESTERN RESOURCE TECHNOLOGIES INC
		DATE OF NAME CHANGE:	19600201

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			WEXFORD CAPITAL LLC
		CENTRAL INDEX KEY:			0001048462
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-19514
		FILM NUMBER:		041050158

	BUSINESS ADDRESS:	
		STREET 1:		411 W PUTNAM AVENUE
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830
		BUSINESS PHONE:		2038627000

	MAIL ADDRESS:	
		STREET 1:		411 W PUTNAM AVENUE
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			06830

	FORMER NAME:	
		FORMER CONFORMED NAME:	WEXFORD MANAGEMENT LLC
		DATE OF NAME CHANGE:	19971024
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>edgar123.xml
<DESCRIPTION>FORM 4
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-08-17</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0000874499</issuerCik>
        <issuerName>GULFPORT ENERGY CORP</issuerName>
        <issuerTradingSymbol>GPOR</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001048462</rptOwnerCik>
            <rptOwnerName>WEXFORD CAPITAL LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>411 W PUTNAM AVENUE</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>GREENWICH</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06830</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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        <reportingOwnerRelationship>
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            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
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                <value>2004-08-17</value>
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                <value>Common Stock</value>
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                <value>2004-08-17</value>
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                <value>2004-08-17</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
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                <natureOfOwnership>
                    <value>By: Wexford Spectrum Investors LLC</value>
                </natureOfOwnership>
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        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2004-08-17</value>
            </transactionDate>
            <deemedExecutionDate>
                <value>2004-08-17</value>
            </deemedExecutionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>C</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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            <transactionAmounts>
                <transactionShares>
                    <value>725747</value>
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                <transactionPricePerShare>
                    <value>1.20</value>
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                <transactionAcquiredDisposedCode>
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                    <value>1462089</value>
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        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
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            <transactionDate>
                <value>2004-08-17</value>
            </transactionDate>
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                <value>2004-08-17</value>
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                <transactionFormType>4</transactionFormType>
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                <equitySwapInvolved>0</equitySwapInvolved>
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                <directOrIndirectOwnership>
                    <value>I</value>
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                <value>Common Stock</value>
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            <transactionDate>
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                <transactionShares>
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                <transactionAcquiredDisposedCode>
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                <directOrIndirectOwnership>
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                    <value>By: Wexford Overseas Partners I, L.P.</value>
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        <derivativeTransaction>
            <securityTitle>
                <value>Common Stock Purchase Rights</value>
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            <transactionDate>
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            <transactionCoding>
                <transactionFormType>4</transactionFormType>
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            <transactionAmounts>
                <transactionShares>
                    <value>26933</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
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            <exerciseDate>
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            </exerciseDate>
            <expirationDate>
                <value>2004-08-17</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>26933</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                    <footnoteId id="F1"/>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By: Wexford Special Situations 1996 Limited</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">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 &quot;Wexford Entities&quot;). 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.</footnote>
        <footnote id="F2">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.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>WEXFORD CAPITAL LLC  By:/s/ Arthur H. Amron</signatureName>
        <signatureDate>2004-09-28</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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