Gulfport Energy Corp. is still curtailing Appalachian natural gas production in anticipation of better prices later this year and into 2021. 

Given an uncertain economic outlook, weak energy demand and a slight rebound in associated gas volumes, Gulfport remains “cautious near-term on natural gas pricing,” said CEO David Wood during a call to discuss second quarter results.  

The company made the decision during the second quarter to shut-in some Utica Shale gas production along with vertical oil wells in the South Central Oklahoma Oil Province (SCOOP) because of low liquids prices. Nearly all of the SCOOP wells have returned to production.

“Based on current natural gas pricing, we plan to continue executing on our curtailment strategy, shaping our production profile to...