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Gulfport Increases Produces 1,038 MMCFED; Raises Production Guidance
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[Gulfport released its Q2 results and highlights include:
Gulfport reported net production of 1,038.4 mmcfe/d, a 22% increase from Q1 2017 and 56% increase from Q2 2016. As a result of higher than anticipated production levels in the first half of 2017, the company increased its full year production guidance to a range of 1,065 mmcfe/d to 1,100 mmcfe/d, which would put full year 2017 production 48% to 53% higher than the 2016 average daily production of 719.8 mmcfe/d. The net daily production mix was 88% gas, 8% NGLs, and 4% oil.
Gulfport additionally reported operational results which included turning to sales 29 gross (26.7 net) operated wells in the Utica and 2 gross (1.2 net) operated Woodford wells in the SCOOP during Q2. The 2 Woodford wells, Vinson 2-22X27H and Vinson 3R-22X27H, are…
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