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Gulfport Ramps Up Utica Activity as Efficiencies Increase
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Gulfport Energy Corporation reported financial and operational results for the quarter ended September 30, 2015 and provided an update on its 2015 activities.
Key Points: As a result of increased efficiencies, Gulfport has undertaken additional activity in the Utica Shale and currently expects its exploration and production capital expenditures will total approximately $667 million to $677 million in 2015. In the Utica Shale, Gulfport spud 15 gross (12.6 net) wells and turned-to-sales 16 gross (15.4 net) wells during the third quarter of 2015. At present, Gulfport has four operated horizontal rigs drilling in the play. Highlights: Net production averaged 647.1 MMcfe per day. Estimated October 2015 net production averaged approximately 706.3 MMcfe per day. Realized natural gas price…- ✓ Full news archive — U.S., Canada & international coverage
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