Operator · Utica Shale
Gulfport Energy Corp.
80 articles mentioning Gulfport Energy Corp. · Page 1 of 4
Gulfport Touts Super Long Lateral and Strategic Pivot To Gas Asset
Gulfport Energy Corporation kicked off 2025 with a quarter of operational precision, pricing strength, and clear strategic intent — setting the stage for a transformative year ahead. From record-setting completions to a confident pivot toward dry...
Gulfport Energy Corporation First Quarter 2023 Results
Gulfport Energy Corporation announced first quarter 2023 results. Highlights Delivered total net production of 1,057.4 MMcfe per day, above analyst consensus expectations Reported $523.1 million of net income and $229.7 million of adjusted EBITDA(1), above analyst...
Gulfport Energy Third Quarter 2022 Results
Gulfport Energy Corp. reported financial and operating results for the three months ended September 30, 2022 and provided an update on its 2022 development plan and financial guidance. Third Quarter 2022 and Recent Highlights: Delivered total...
Gulfport Energy Second Quarter 2022 Results
Gulfport Energy Corp. reported financial and operating results for the three months ended June 30, 2022 and provided an update on its 2022 development plan and financial guidance. Second Quarter 2022 and Recent Highlights: Delivered total...
Gulfport Bolsters Drilling 100% for 2022; 32 Wells Drilled, 30 Completions
Gulfport Energy has reported its 2022 capital plan and guidance. 2022 Plan - Capex: $340-380 million - up 23% vs. 2021 D&C: $320-360 million - up 24% vs. 2021 Leasehold, Land: $20 million - D&C Capex...
Gulfport Energy Fourth Quarter, Full Year 2021 Results
Gulfport Energy Corp. reported financial and operating results for the three and twelve months ended December 31, 2021. Fourth Quarter 2021 Highlights: Delivered total net production of 1,068.9 MMcfe per day Reported $558.1 million of net...
Gulfport Energy Third Quarter 2021 Results
Gulfport Energy Corp. reported its Q3 2021 results. Highlights: Amended credit facility increasing liquidity by more than $160 million Authorized stock repurchase program to acquire up to $100 million of outstanding common stock(2) Completed six-well Angelo...
Gulfport Energy Second Quarter 2021 Results
Gulfport Energy Corp. reported its Q2 2021 results. Second Quarter 2021 Highlights Emerged from restructuring process on May 17, 2021 Right-sized firm transportation commitments and negotiated new, cost-competitive midstream agreements to better align with operating plan...
Gulfport Energy Emerges from Bankruptcy
Gulfport Energy Corp. has successfully completed its restructuring process and emerged from bankruptcy. Gulfport has exited bankruptcy with a new Board of Directors; a strengthened balance sheet, with $853 million of total debt representing more than...
SCOOP / STACK Operator Files for Bankruptcy
Gulfport Energy Corp. has filed for bankruptcy (earlier this year (August 2020), the company warned it was potentially facing bankruptcy). The company expects to eliminate approximately $1.25 billion in funded debt. As of August 2020, the...
Utica & SCOOP Operator Warns of Going Concern, Possible Bankruptcy
Gulfport Energy Corp. has announced that it might be unable to stay in business if it can’t refinance debt coming due next year. The Oklahoma City-based company said there was “substantial doubt” about its ability to...
Gulfport Energy Second Quarter 2020 Results
Gulfport Energy Corp. reported its Q2 2020 results and provided an update on its 2020 activities. Key highlights are as follows: Continued improvement in well costs with Utica Shale and SCOOP total costs per lateral foot...
Gulfport's : Salary Cuts, 2021 Debt Maturity, Production Down 25% YOY
Gulfport Energy re-initiated its 2020 guidances New production range 1.0 to 1.075 Bcfe/d vs prior range of 1.1 to 1.15 Bcfe/d. This will be down -25% vs full year 2019. Capex remained unchanged from prior guidance...
Gulfport Energy Credit Facility Cut (41%)
In a recent filing, Gulfport Energy saw its credit facility cut a whopping (41%) from $1.2 billion to $700 million. The company now has a mere $269 million of liquidity. What makes Gulfport's situation so dire...
Gulfport Energy First Quarter 2020 Results
Gulfport Energy Corp. reported its Q1 2020 results. Key highlights are as follows: Reduced total long-term debt by approximately $79.6 million as of March 31, 2020 when compared to December 31, 2019 primarily through discounted bond...
Large Marcellus / Utica E&P Heading to Bankruptcy
Gulfport Energy Corp. has hired an investment firm to help address its $2 billion debt load in the wake of the commodity price decline, according to a report by Reuters. The company has seen its market...
Gulfport Headed for Proxy Battle; Cuts 2020 Completion Activity in Half
Gulfport Energy Corp. is headed for proxy fight with investor Firefly Value Partners, which own 13% and wants to replace two members of the board. Firefly's letter to Gulfport is available here. Gulfport recently reported a...
Firefly Sends Letter to Gulfport with Two Board Nominees
Firefly Value Partners LP, who collectively beneficially own 13.1% of the outstanding common stock of Gulfport Energy Corp., is delivering notice of its nomination of two professionals for election to the Company's Board of Directors at...
Gulfport Energy Details Fourth Quarter 2019 Results
Gulfport Energy Corp. reported financial and operational results for the quarter and year ended December 31, 2019 and announced its 2020 operational and financial guidance. Full Year 2019 Highlights: Net production averaged 1,374.6 MMcfe per day...
Gulfport Energy Adds to Board of Directors
Gulfport Energy Corp. reported that Valerie Jochen has been appointed to Gulfport's Board of Directors, effective February 6, 2020. About Jochen Ms. Jochen has more than 35 years of technical industry experience and brings significant expertise...