Injection of gas into a managed pressure drilling system to provide for operation of the drilling system in a pressure window defined by the pore pressure of a formation being drilled and a fracture pressure of the formation. The gas is injected through gas injection ports and drilling fluids are allowed to flow between the drilling annulus and the gas injection system though a plurality of flow ports that are disposed vertically below the gas injection ports in the borehole being drilled. The gas injection ports and the flow ports are configured so that when gas is flowing through the gas injection ports, the flow ports are sealed.