Gulfport Targets Natural Gas in the Utica Shale and the Oklahoma SCOOP
Gulfport delivered production of 1,330 million cubic feet equivalent per day in the second quarter, which was 3% higher sequentially and 28% higher year over year. This was above the top end of the guided range for the quarter, enabling management to positively fine-tune its expectations for the full year (the low end of guidance was raised to 1,320 mmcfe/d from 1,310 mmcfe/d, while the high end is still 1,340 mmcfe/d). The capital budget was unchanged despite this minor increase in expected vol...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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