Gulfport

Gulfport, Montage Curbing Oil, Gas Output to Await Better Prices

Gulfport, Montage Curbing Oil, Gas Output to Await Better Prices

Two more operators with dominant footprints in the Appalachian Basin have announced plans to curb some production as oil prices remain low and energy demand is weak because of the Covid-19 pandemic.

May 13, 2020
4Q2019 Earnings: Gulfport Announces Steep Capex Cuts, Forecasts Production Decline

4Q2019 Earnings: Gulfport Announces Steep Capex Cuts, Forecasts Production Decline

Gulfport Energy Corp. plans to slash spending to the bone this year and cut annual production in the process as it wrestles with low natural gas prices and a restive shareholder pushing to shake up the board.

March 4, 2020

Gulfport Unloads More Midcontinent, Appalachian Assets for Roughly $80M

Gulfport Energy Corp. has announced another round of noncore asset sales with agreements to sell for nearly $80 million water infrastructure assets in the Midcontinent and stakes in the Appalachian Basin.

December 23, 2019

Gulfport Energy Sells Bakken Assets, Weighs More Small Sales

Gulfport Energy Corp. inked a deal to sell noncore assets in the Bakken Shale for $8 million, management announced along with the third quarter earnings results.

November 5, 2019
Investor Pushing Gulfport to Slash Spending by 25%

Investor Pushing Gulfport to Slash Spending by 25%

Gulfport Energy Corp. is facing resistance from another investor that claims the underperforming producer should immediately announce a 25% reduction in spending for 2020.

September 10, 2019

Gulfport Divests Legacy Gulf Coast Assets as Focus Narrows to Core Properties

Gulfport Energy Corp. has dumped more noncore assets as part of a broader effort to simplify its portfolio and better control costs, announcing the sale of its legacy assets on the Gulf Coast to an undisclosed buyer for $54.1 million.

August 5, 2019

Gulfport’s 2Q Production Bounces Back as More Wells Turned to Sales

Gulfport Energy Corp. reported increased production during the second quarter as it turned more wells to sales following a slower stretch of completions activity at the end of 2018.

July 22, 2019

Gulfport Kicks Off Monetization Process with Small Sale of Marcellus Rights

Gulfport Energy Corp. said Friday it is making progress to simplify its portfolio as it zeros in on core assets in Ohio’s Utica Shale and the South Central Oklahoma Oil Province (SCOOP).

May 3, 2019

Gulfport 1Q Production Declines but Volumes Poised to Increase Through End of Year

Gulfport Energy Corp.’s production dipped in the first quarter following a slower operational period in late 2018 that the company anticipated ahead of a ramp in activity that started earlier this year.

April 22, 2019
Gulfport Joins Peers, Cuts 2019 Spending Amid Market Volatility

Gulfport Joins Peers, Cuts 2019 Spending Amid Market Volatility

Gulfport Energy Corp. plans to slash spending this year and keep production flat to 2018 levels with a program that generates free cash flow and showcases capital discipline in response to market volatility.

January 18, 2019
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