Oklahoma City-based Gulfport Energy Corp., 92% weighted to natural gas, plans to remain nimble this year to ensure it may “defer or accelerate” activity depending on the direction of prices.

Speaking to analysts during the recent fourth quarter conference call, CEO John Reinhart said the “volatile natural gas environment reinforces the importance of developing our assets in an efficient and sustainable manner.” 

For 2024, the strategy remains steady, with more development later this year on liquids-rich targets in the Utica Shale and in the South Central Oklahoma Oil Province, aka SCOOP, he said. 

At What Price?

During the question-and-answer session, Reinhart was asked what it would take for Gulfport to “join your neighbor,” i.e. crosstown rival Chesapeake...