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Appalachia E&P to Boost Utica Rig Count to Six in Q4
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Gulfport Energy reported its Q3 2016 results.
Key Points:Rig Increase
Utica: Gulfport has four operated horizontal rigs drilling in the play and has contracted its fifth and sixth horizontal drilling rigs to begin operations in November 2016 and December 2016Drilling Activity
In the Utica Shale, during the third quarter of 2016, Gulfport spud 9 gross (8.8 net) wells and turned-to-sales 21 gross (15.8 net) operated wells and 13 gross (3.9 net) non-operated wells. Highlights: Net production averaged 734.1 MMcfe per day. Realized natural gas price, before the impact of derivatives and including transportation costs, averaged $2.10 per Mcf, a $0.71 per Mcf differential to the average trade month NYMEX settled price. Realized oil price, before the impact of derivatives and including…- ✓ Full news archive — U.S., Canada & international coverage
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