Sector: Energy | Industry: Oil & Gas Exploration and Production |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 713 Market Drive OKLAHOMA CITY OK 73114 |
Tel: | N/A |
Website: | https://www.gulfportenergy.com |
IR: | See website |
Key People | ||
John K. Reinhart President, Chief Executive Officer, Director | Michael L. Hodges Chief Financial Officer, Executive Vice President | Patrick K. Craine Executive Vice President, Chief Legal and Administrative Officer, Corporate Secretary |
Matthew H. Rucker Senior Vice President - Operations | Michael J. Sluiter Senior Vice President - Reservoir Engineer | Lester Zitkus Senior Vice President - Land |
Business Overview |
Gulfport Energy Corporation is an independent natural gas-weighted exploration and production company. It is focused on the exploration, acquisition and production of natural gas, crude oil, and natural gas liquid (NGL) in the United States with primary focus on the Appalachia and Anadarko basins. Its principal properties are located in eastern Ohio targeting the Utica and Marcellus formations and in central Oklahoma targeting the SCOOP Woodford and SCOOP Springer formations. The Utica covers hydrocarbon-bearing rock formations located in the Appalachian Basin of the United States and Canada. It has about 193,000 net reservoir acres located primarily in Belmont, Harrison, Jefferson and Monroe Counties in eastern Ohio where the Utica ranges in thickness from 600 to over 750 feet. The SCOOP play mainly targets the Devonian to Mississippian aged Woodford, Sycamore and Springer formations. It has about 73,000 net reservoir acres, located primarily in Garvin, Grady and Stephens Counties. |
Financial Overview |
For the three months ended 31 March 2024, Gulfport Energy Corp revenues decreased 61% to $283.2M. Net income applicable to common stockholders decreased 90% to $43.4M. Revenues reflect Net gain on gas, oil and NGL derivatives decrease of 88% to $45.1M, Natural gas sales decrease of 33% to $188.3M, Natural gas liquid sales decrease of 30% to $28.1M. Net income also reflects Other expense decrease of 99% to $125K (income), Depreciation, depletion. |