Gulfport

Gulfport Energy Corp. CFO Aaron Gaydosik will resign Jan. 4 to pursue what the company said is an “external opportunity.” Gaydosik was hired in 2014 to replace Michael G. Moore, who now serves as Gulfport’s CEO. The board of directors has appointed Keri Crowell to replace Gaydosik. Crowell joined Gulfport in 2005. She has served as the company’s chief accounting officer since 2015 and will continue to serve as its principal accounting officer.

Gulfport Energy Corp. said late Wednesday that it would acquire 46,400 net surface acres with multiple producing zones in the South Central Oklahoma Oil Province (SCOOP) for $1.85 billion from Vitruvian II Woodford LLC.

Gulfport Energy Corp. has entered an $87 million agreement to acquire 12,600 net acres in Monroe County, OH, from an undisclosed seller. The undeveloped properties, 50% held by production, are near the company’s core position in the Utica Shale. Gulfport said it would fund the transaction with cash on hand. The bolt-on increases its Utica position to more than 223,000 net acres, with nearly 70% in the dry gas window. The sale is expected to close by the end of December.

Strong well performance, minimal downtime and 20 net wells turned to sales during the third quarter helped Gulfport Energy Corp. far exceed the high end of its guidance for the period, reporting 734.1 MMcfe/d.

After a slow first half, Gulfport Energy Corp. beat the high-end of its third quarter guidance, producing 734.1 MMcfe/d or 10% more than it did in 2Q2016.

Utica Shale heavyweight Gulfport Energy Corp. is getting ready to come off the sidelines, offering a bullish assessment Thursday on the natural gas market that has it pivoting from what management thought would be a year of activity reductions to setting up for a six to eight-rig program in 2017.

Gulfport Energy Corp. hit the low-end of its second quarter production guidance after another slow period for the company that saw little activity until the end of June, when it started to turn wells to sales as it looked ahead to 2017.

Gulfport Energy Corp. remained focus on its balance sheet during the first quarter and continued leaning on its dry natural gas assets in the Utica Shale to drive production above guidance for the period.

Gulfport Energy Corp. remained focus on its balance sheet during the first quarter and continued leaning on its dry natural gas assets in the Utica Shale to drive production above guidance for the period.