GULFPORT COMPANY OVERVIEW A natural gas exploration and production company focused on shareholder returns through the efficient development of its core positions in two of North Americas lowest cost and high return basins CORE AREAS…
MACRO NATURAL GAS ENVIRONMENT Near-term outlook for North American natural gas is facing headwinds Both the Utica and SCOOP have access to diversified marketplaces U.S. LNG exports are expected to grow as U.S. natural gas is…
2019 STRATEGY AND OPERATIONAL PLANS 2019 INITIATIVES KEY HIGHLIGHTS Plan to hold fourth quarter of 2018 production relatively PRIORITIZING MARGIN MAXIMIZATION OVER constant through 2019 Forecast 2019 full year net production to…
GULFPORT 2019 GUIDANCE 2019E CAPITAL BUDGET KEY HIGHLIGHTS Year Ending Budgeted 2019 total capital expenditures of 565 million to 12/31/2019 600 million Forecasted Production Forecasted 2019 full year free cash flow in excess of 100…
STRONG LIQUIDITY, CAPITALIZATION AND HEDGE POSITION GAS HEDGES(1) KEY HIGHLIGHTS 3.50 Gulfports hedge portfolio underpins its capital program, providing 1,200 2.83 a high degree of certainty surrounding the Companys cash flow 2.77…
2019 ACTIVITY ECONOMIC FOCUS Plan to focus Utica Shale activity in the dry gas windows and SCOOP activity in the wet gas window of the play UTICA SINGLE WELL ECONOMICS(1,2) SCOOP SINGLE WELL ECONOMICS(1,2) 120% 120% 107% 100%…
STRONG PRICE REALIZATIONS EXPANDING MARGINS KEY HIGHLIGHTS FULL YEAR 2018 OIL AND GAS REVENUES For the full year of 2018, Gulfports strong realized prices and Gas hedge position resulted in adjusted oil and gas revenues of NGL 1.42…
MARKETING OVERVIEW KEY HIGHLIGHTS Low cost supply basins with diversified takeaway portfolio and Canadian Exports serviced by trusted midstream partners In the Utica, partnered with MPLX, Summit, and EQT Power Midstream…
NGL MARKETING OVERVIEW KEY HIGHLIGHTS Edmonton Gulfport forecasts realizing approximately 45% Markets to 50% of WTI for NGLS during 2019 Ontario Markets SCOOP barrel provides a strong baseload Midwest Northeast Markets…
KEY INVESTMENT AND FINANCIAL HIGHLIGHTS Core acreage positions in two of the most prolific, high-quality natural gas plays in North America Basin diversification provides optionality to allocate capital across two premier assets HIGH…
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UTICA SHALE OVERVIEW ASSET OVERVIEW Net proved reserves of 3.9 Tcfe(1) 215,000 net acres Oil - 1% Condensate - 10% Wet Gas - 13% Dry Gas - 76% 2018 ACTIVITIES UPDATE(2) Average net production of 1,115.9 MMcfepd 80% of…
UTICA SHALE TYPE CURVE ASSUMPTIONS Condensate Condensate Dry Gas Dry Gas Dry Gas Wet Gas West East West Central East Type Curve Assumptions Lateral Length (ft.) 8,000 8,000 8,000 8,000 8,000 8,000 Initial Gas Production (Mcf/d)(1)…
SCOOP OVERVIEW Springer Gas ASSET OVERVIEW Condensate Springer Oil Net proved reserves of 1.5 Tcfe(1) 92,500 net reservoir acres Includes 50,200 net Woodford acres and 42,300 net Springer acres Estimate in excess of 40,000 net acres…
SCOOP TYPE CURVE ASSUMPTIONS Woodford Dry Gas Woodford Wet Gas Woodford Condensate Type Curve Assumptions Lateral Length (ft.) 7,500 7,500 7,500 Wells/section 8 8 8 Initial Gas Production (Mcf/d)(1) 14,000 11,000 6,000 Initial Oil…
STRONG FINANCIAL POSITION KEY HIGHLIGHTS HISTORICAL LEVERAGE METRICS As of September 30, Gulfport improved the Companys 3.0x Net Debt / TTM EBITDA Ratio leverage ratio to 2.14x, at the low-end of its targeted range 2.59x 2.55x…
HEDGED PRODUCTION HEDGE BOOK(1) 1Q19 2Q19 3Q19 4Q19 2019 2020 Natural Gas Contract Summary: Natural Gas Fixed Price Swaps (NYMEX) Volume (BBtupd) 1,070 1,180 1,380 1,380 1,254 204 Weighted Average Price (/MMBtu) 2.90 2.82 2.81 2.81…
MAMMOTH ENERGY SERVICES MAMMOTH ENERGY OVERVIEW Mammoth is an integrated, growth-oriented company serving both the oil and gas and the electric utility industry in North America and US territories Gulfport holds 9.8 million(1)…
GULFPORT ENERGY CORPORATION 3001 Quail Springs Parkway Oklahoma City, OK 73134 www.gulfportenergy.com INVESTOR RELATIONS (405) 252-4550 Investor_relationsgulfportenergy.com
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