Reserves | Capital Markets | Private Equity Activity
Gulfport Grows Proved Reserves 83% to 1.7 Tcfe
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Gulfport Energy Corporation reported year-end 2015 proved reserves and provided an operational update for the quarter and year ended December 31, 2015.
Key information includes the following: Year-end 2015 total proved reserves grew to 1.7 Tcfe, as compared to 933.6 Bcfe at year-end 2014, an increase of 83% year-over-year. Year-end 2015 total proved developed reserves grew to 767.1 Bcfe, as compared to 453.8 Bcfe at year-end 2014, an increase of 69% year-over-year. Proved reserves by volume were 91% natural gas and 9% oil and natural gas liquids. Net production during the full-year of 2015 averaged 548.2 MMcfe per day, exceeding the high-end of Gulfport's annual 2015 guidance of 541 MMcfe per day. Realized natural gas price before the impact of derivatives and including transportation…- ✓ Full news archive — U.S., Canada & international coverage
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