Drilling & Completions | Drilling Activity
Gulfport Sees 19% YOY Production Growth in Q3 at 1,428 MMcfe/d
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Gulfport Energy reported a Q3 2018 update.
Highlights:
- Net production during the third quarter of 2018 averaged 1,427.5 MMcfe/d
- A 7% increase from 2Q18
- Up 19% YOY
- Gulfport turned-to-sales 11 gross and net operated wells in the Utica Shale and 7 gross (5.4 net) operated wells in the SCOOP during the third quarter of 2018.
Production by Area
Gulfport's net daily production for the third quarter of 2018 averaged approximately 1,427.5 MMcfe per day. For the third quarter of 2018, Gulfport's net daily production mix was comprised of approximately 89% natural gas, 8% NGL and 3% oil.
The table below summarizes Gulfport's third quarter of 2018 production by asset area:
| GULFPORT ENERGY CORPORATION | ||||||||||
| PRODUCTION BY AREA | ||||||||||
| (Unaudited) | ||||||||||
| Three Months Ended | Nine Months Ended | |||||||||
| September 30, | September 30, | |||||||||
| 2018 | 2017 | 2018 | 2017 | |||||||
| Utica Shale | ||||||||||
| Natural gas (MMcf) | 100,274 | 85,275 | 280,140 | 219,076 | ||||||
| Oil (MBbls) | 74 | 113 | 234 | 367 | ||||||
| NGL (MGal) | 29,806 | 34,076 | 92,389 | 105,759 | ||||||
| Gas equivalent (MMcfe) | 104,975 | 90,822 | 294,741 | 236,383 | ||||||
| SCOOP(1) | ||||||||||
| Natural gas (MMcf) | 16,704 | 12,505 | 47,071 | 27,852 | ||||||
| Oil (MBbls) | 412 | 303 | 1,316 | 682 | ||||||
| NGL (MGal) | 42,593 | 24,958 | 104,241 | 56,623 | ||||||
| Gas equivalent (MMcfe) | 25,259 | 17,888 | 69,862 | 40,030 | ||||||
| Southern Louisiana | ||||||||||
| Natural gas (MMcf) | 6 | 35 | 17 | 57 | ||||||
| Oil (MBbls) | 167 | 256 | 559 | 763 | ||||||
| NGL (MGal) | - | - | - | - | ||||||
| Gas equivalent (MMcfe) | 1,009 | 1,571 | 3,370 | 4,637 | ||||||
| Other | ||||||||||
| Natural gas (MMcf) | 9 | 11 | 43 | 27 | ||||||
| Oil (MBbls) | 12 | 13 | 57 | 38 | ||||||
| NGL (MGal) | 29 | (26 | ) | 65 | 101 | |||||
| Gas equivalent (MMcfe) | 85 | 86 | 393 | 267 | ||||||
| (1) SCOOP production adjusted for closing date of February 17, 2017. | ||||||||||
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