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.
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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.
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.
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.
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.
Strong performance during the first six months of the year has prompted Gulfport Energy Corp. to again increase its 2018 production guidance.
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.
The Utica Shale and South Central Oklahoma Oil Province (SCOOP) helped Gulfport Energy Corp. increase year/year production by 52% in the first quarter.
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.