Gulfport

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

Gulfport Taps Former Murphy Oil CEO to Lead Company

Gulfport Energy Corp. has named David M. Wood, a 40-year oil and gas industry veteran, as its new CEO, ending a nationwide search after Michael Moore resigned over spending misconduct allegations.

December 19, 2018

Gulfport Ousts CEO for Spending Misconduct Allegations

Gulfport Energy Corp. CEO Michael Moore has resigned after the company said he racked up more than $600,000 in costs over five years for the unauthorized use of a chartered aircraft.

November 2, 2018
Utica, SCOOP Keep Driving Production Gains for Gulfport

Utica, SCOOP Keep Driving Production Gains for Gulfport

Strong core production from the Utica Shale and the South Central Oklahoma Oil Province (SCOOP) again helped Gulfport Energy Corp. increase volumes in the third quarter, even though it turned fewer wells to sales than analysts had expected.

October 19, 2018

Gulfport Again Lifts Production Guidance on Utica, SCOOP Performance

Strong performance during the first six months of the year has prompted Gulfport Energy Corp. to again increase its 2018 production guidance.

August 10, 2018

Utica, SCOOP Again Lift Gulfport Production

Gulfport Energy Corp. produced 1.330 Bcfe/d in the second quarter, beating internal guidance and Wall Street estimates for the period.

July 17, 2018

Gulfport Lifts Production Guidance on Utica, SCOOP Outperformance

Strong performance from the company’s “base production wedge” in Ohio’s Utica Shale and new wells turned to sales in the South Central Oklahoma Oil Province (SCOOP) during the first quarter have prompted Gulfport Energy Corp. to increase its full-year production guidance, management said Wednesday.

May 10, 2018
Gulfport’s Utica, SCOOP Quarterly Output Tracking 2018 Guidance

Gulfport’s Utica, SCOOP Quarterly Output Tracking 2018 Guidance

The Utica Shale and South Central Oklahoma Oil Province (SCOOP) helped Gulfport Energy Corp. increase year/year production by 52% in the first quarter.

April 19, 2018

Gulfport Validates More SCOOP Acreage with Sycamore Test

Gulfport Energy Corp.’s latest test results from the South Central Oklahoma Oil Province (SCOOP) indicate the first Sycamore formation well achieved a 24-hour initial production (IP) rate of 15.7 MMcfe/d.

December 26, 2017