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Gulfport Bumps Up 2017 Drilling Plans +25% to 109 Wells; Touts SCOOP Results
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Gulfport Energy reported its Q3 2017 results. Highlights from its release / conference call include:
Net production averaged 1,199.6 MMcfe per day (Reiterates 2017 full-year production guidance of 1,065 MMcfe to 1,100 MMcfe per day) 2017 capex now forecasted to be approximately $1.16 billion (slightly above its initial $1.1B estimate) More wells to be drilled: Gulfport plans to increase its drilling plans by +25% to 109 total wells Q3 ActivitySCOOP / Woodford
Gulfport touted its SCOOP well results in Q3:
Utica - Lateral Lengths to Increase
CEO Michael Moore commented: "Our average well cost during the first nine months of 2017 reflects shorter lateral lengths during the summer months, however we expect to see lateral lengths increase in the field during the fourth quarter of…
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