Gulfport

Building on a letter of intent they signed in October, Rice Energy Inc. and Gulfport Energy Corp. have completed their midstream joint venture (JV), which would support Gulfport’s dry natural gas production in Ohio’s Belmont and Monroe Counties.

After posting substantial production growth for the third quarter, Gulfport Energy Corp. said it plans to strategically curtail 100 MMcf/d of natural gas production between now and early 2016 in response to current commodity pricing.

Gulfport Energy Corp. has dropped a lawsuit against a small village in Southeast Ohio, electing to resolve a conflict about its ability to buy water for its drilling operations from a reservoir in the community outside of court.

Building on an already strong relationship in Ohio’s Utica Shale, Rice Energy Inc. and Gulfport Energy Corp. have agreed to spend $640 million under a midstream joint venture (JV) aimed at supporting Gulfport’s growing dry natural gas production in Belmont and Monroe counties.

An analysis of state data shows that just three operators accounted for more than 70% of Ohio’s unconventional oil and gas production in the second quarter.

Gulfport Energy Corp. plans to acquire private equity-backed Paloma Partners III LLC for $300 million and bolt on that company's 24,000 net acres in the Utica Shale's dry gas core.

Gulfport Energy Corp. plans to acquire private equity-backed Paloma Partners III LLC for $300 million and bolt on that company’s 24,000 net acres in the Utica Shale’s dry gas core.

Gulfport Energy Corp. offered few details about next year’s budget and operational plans during a third quarter earnings call, telling financial analysts it needs more time to gauge where commodity markets are heading.

Despite a more measured approach in the Utica Shale during the second quarter that kept production flat, Gulfport Energy Corp. said Thursday the changes it’s made in Ohio have the company poised for big gains in the coming months and maximum results in the years ahead.