Gulfport Energy Corp. has announced another round of noncore asset sales with agreements to sell for nearly $80 million water infrastructure assets in the Midcontinent and stakes in the Appalachian Basin.

The company plans to divest its water infrastructure in the South Central Oklahoma Oil Province (SCOOP) for $50 million in cash to an undisclosed third party that would handle its volumes going forward.

Gulfport said the deal is expected to close in January and includes no minimum volume commitments. After closing, the producer also has an opportunity to earn more than $50 million over the next 15 years if it meets specific thresholds, including water production levels, among other things.

The company also reached an agreement with another undisclosed buyer to sell nonoperated interests in Ohio’s Utica Shale for $29 million in cash. The transaction is expected to close before year’s end.

Another divestiture announced in November of overriding royalty interests in the Bakken Shale has also closed, netting the company $7 million.

Gulfport, which operates primarily in the SCOOP and Utica, produced 1.5 Bcf/d in 3Q2019, primarily in Ohio. The company announced a monetization program earlier this year, when it laid out plans to cut spending as natural gas prices came under pressure.

The company announced more than $170 million of noncore sales in 2019, which have also included the divestiture of legacy assets along the Gulf Coast, interests in an overseas exploration and production company and Marcellus Shale rights overlying a portion of its Utica acreage.

Gulfport has also faced pressure from shareholders to generate more value. In November, it announced a 13% cut to its workforce and suspension of a share repurchase program. However, the company has continued discounted debt repurchases.

Year-to-date, the company has repurchased $190.1 million of unsecured senior notes for $140.4 million. The company said earlier this month when the latest noncore sales were announced that the repurchases would save it $7 million in annual interest expenses.