OKLAHOMA CITY, March 26, 2018 -- Gulfport Energy Corp. today provided an update on recent SCOOP well results. Key highlights include: North Cheyenne 3-10X3H produced at an average 30-day production rate of 12.1 MMcfe per day, or 1,682 Mcfe per 1,000 foot of lateral. North Cheyenne 4-10X3H produced at an average 30-day production rate of 13.4 MMcfe per day, or 1,952 Mcfe per 1,000 foot of lateral. North Cheyenne 5-10X3H [...]
Gulfport Energy today announced that Deborah G. Adams has been appointed to Gulfport’s Board of Directors . Ms. Adams has also been appointed to serve on the Board’s Audit Committee and Compensation Committee. Ms. Adams served as Senior Vice President of Health and Safety, Projects and Procurement with Phillips 66 from May 2014 until her retirement in October 2016. From 2008 to May 2014, Ms. Adams served as [...]
OKLAHOMA CITY, Feb. 21, 2018 -- Gulfport Energy Corp. today reported financial and operational results for the quarter and year ended December 31, 2017 and provided an update on its 2018 activities. Key information includes the following: Year-end 2017 total proved reserves grew to 5.4 Tcfe, as compared to 2.3 Tcfe at year-end 2016, an increase of 132% year-over-year. Net of the SCOOP acquisition, year-end 2017 total [...]
OKLAHOMA CITY, Feb. 07, 2018 -- Gulfport Energy Corp. today scheduled its fourth quarter and full-year 2017 financial and operational results conference call. Gulfport will hold a conference call on Thursday, February 22, 2018 at 8:00 a.m. CST to discuss its fourth quarter and full-year of 2017 financial and operational results and to provide an update on the Company’s recent activities. Gulfport's fourth quarter [...]
OKLAHOMA CITY, Jan. 29, 2018 -- Gulfport Energy Corp. today announced its 2018 capital budget, its 2018 operation outlook and that its board of directors has approved a stock repurchase program to acquire up to $100 million of its outstanding common stock during 2018. Key information includes the following: Budgeted 2018 total capital expenditures of $770 million to $835 million to be funded within cash flow. Forecasted [...]
OKLAHOMA CITY, Jan. 29, 2018 -- Gulfport Energy Corp. today provided an update for the quarter and year ended December 31, 2017. Key information includes the following: Net production for the fourth quarter of 2017 averaged 1,263.3 MMcfe per day, a 5% increase over the third quarter of 2017 and 61% increase versus the fourth quarter of 2016. Realized natural gas price for the fourth quarter of 2017, before the impact of [...]
OKLAHOMA CITY, Jan. 02, 2018 -- Gulfport Energy Corp. today announced that Donnie Moore has been appointed by the Company's Board of Directors to serve as Chief Operating Officer effective January 8, 2018. Michael G. Moore, Chief Executive Officer and President, commented, “Donnie has demonstrated exceptional management and technical leadership throughout his career and I believe his proven track record will play a [...]
OKLAHOMA CITY, Dec. 21, 2017 -- Gulfport Energy Corp. today provided an update on recent SCOOP Sycamore and SCOOP Woodford well results. Key highlights include: Gulfport’s first SCOOP Sycamore well, the Serenity 5-22H, produced at a 24-hour initial peak production rate of 15.7 MMcfe per day, or 2,618 Mcfe per 1,000 foot of lateral, comprised of approximately 70% natural gas, 19% natural gas liquids and 11% oil. When [...]
OKLAHOMA CITY, Nov. 27, 2017 -- Gulfport Energy Corp. today provided an update on recent SCOOP Springer and SCOOP Woodford well results. Key highlights include: Gulfport’s first SCOOP Springer well, the Lauper 4-26H, produced at a 24-hour initial peak production rate of 780.2 Boe per day, or 172 Boe per 1,000 foot of lateral, comprised of approximately 79% oil, 11% natural gas liquids and 10% natural gas. When [...]
OKLAHOMA CITY, Nov. 03, 2017 (GLOBE NEWSWIRE) -- Gulfport Energy Corp. (NASDAQ:GPOR) (“Gulfport”) today announced that Paul D. Westerman has been appointed to the Company’s Board of Directors (the “Board”). Mr. Westerman has also been appointed to serve on the Board’s Compensation Committee and Nominating and Corporate Governance Committee. Mr. Westerman has served as a Trustee and [...]
OKLAHOMA CITY, Nov. 01, 2017 (GLOBE NEWSWIRE) -- Gulfport Energy Corp. (NASDAQ:GPOR) (“Gulfport” or the “Company”) today reported financial and operational results for the quarter and nine-months ended September 30, 2017 and provided an update on its 2017 activities. Key information for the third quarter of 2017 includes the following: Net production averaged 1,199.6 MMcfe per day. Reiterated 2017 [...]
OKLAHOMA CITY, Oct. 23, 2017 (GLOBE NEWSWIRE) -- Gulfport Energy Corp. (NASDAQ:GPOR) (“Gulfport” or the “Company”) today provided an update for the quarter ended September 30, 2017 and scheduled its third quarter of 2017 financial and operational results conference call. Key information includes the following: Net production during the third quarter of 2017 averaged 1.2 Bcfe per day, a 16 [...]