Capital Markets | Capital Expenditure | Drilling Program - Wells | Drilling Program-Rig Count | Capital Expenditure - 2022
Gulfport Bolsters Drilling 100% for 2022; 32 Wells Drilled, 30 Completions
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Gulfport Energy has reported its 2022 capital plan and guidance.
2022 Plan- Capex: $340-380 million - up 23% vs. 2021
D&C: $320-360 million - up 24% vs. 2021 Leasehold, Land: $20 million- D&C Capex by Play
Utica: $220 million SCOOP: $120 million- Rigs Running: 2 rigs running
Utica: 1 rig SCOOP: 1 rig- Well Plans: Drill 32 wells (27.2 net) - up 100% vs. 2021 :: Complete 30 wells (25.9 net) - up 7% vs. 2021
Utica: Drill 24 wells (21.7 net) :: Complete 17 wells (15.6 net) SCOOP: Drill 8 wells (5.5 net) :: Complete 13 wells (10.3 net)- Production: 975-1,025 Mmcfe/d - essentially flat vs. 2021
Tim Cutt, CEO of Gulfport, said: "Our 2022 development program is centered around more consistent drilling operations in the Utica, allowing for increased operational…
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