SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* WEXFORD CAPITAL LLC (Last) (First) (Middle) 411 W PUTNAM AVENUE (Street) GREENWICH CT 06830 (City) (State) (Zip)	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)
	3. Date of Earliest Transaction (Month/Day/Year) 08/17/2004
	4. If Amendment, Date of 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

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

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 Securities Underlying Derivative Security (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: 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

Explanation of Responses:

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.

	WEXFORD CAPITAL LLC By:/s/ Arthur H. Amron	09/28/2004
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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