Gulfport Is Developing Natural Gas Resources in the Utica and SCOOP Plays
Gulfport Energy delivered production of 1,264 million cubic feet of equivalent per day in the first quarter, which was 17% lower sequentially and 2% lower year over year. The decrease was not unexpected, following the strategic choice to wind down drilling activity at the end of 2018 to ensure the firm stayed within budget. Only nine wells were turned to sales during the period, and most of these came on line after March 25. But there was a flurry of completion activity, and management plans to ...Gulfport Energy is an oil and natural gas exploration and production company focused on the exploration, exploitation, acquisition and production of natural gas, crude oil and natural gas liquids. The company's principal properties are located in the Utica Shale primarily in Eastern Ohio and the SCOOP Woodford and SCOOP Springer plays in Oklahoma. In addition, among other interests, the company holds an acreage position along the Louisiana Gulf Coast in the West Cote Blanche Bay and Hackberry fields, an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC and an equity interest in Mammoth Energy Services, Inc., an oil field services company.
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