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4Q 2018 Earnings Presentation – Gulfport Energy Corp.

Gulfport Energy Corp. · Feb 28, 2019 · 22 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 1
    INVESTOR PRESENTATION FEBRUARY 2019
  2. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 2
    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 natural gas…
  3. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 3
    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…
  4. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 4
    2019 STRATEGY AND OPERATIONAL PLANS 2019 INITIATIVES KEY HIGHLIGHTS Plan to hold fourth quarter of 2018 production relatively PRIORITIZING MARGIN MAXIMIZATION OVER constant for the full year of 2019 Forecast 2019 full year net…
  5. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 5
    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…
  6. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 6
    STRONG LIQUIDITY, CAPITALIZATION AND HEDGE POSITION GAS HEDGES(1) KEY HIGHLIGHTS 3.50 Gulfports hedge portfolio underpins its capital program, providing 1,200 2.97 a high degree of certainty surrounding the Companys cash flow 2.77…
  7. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 7
    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%…
  8. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 8
    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…
  9. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 9
    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…
  10. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 10
    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…
  11. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 11
    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…
  12. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 12
    APPENDIX WWW.GULFPORTENERGY.COM 13
  13. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 13
    UTICA SHALE OVERVIEW ASSET OVERVIEW Net proved reserves of 3.4 Tcfe(1) 210,000 net acres Oil - 1% Condensate - 9% Wet Gas - 13% Dry Gas - 77% 2018 ACTIVITIES UPDATE(2) Average net production of 1,115.9 MMcfepd 80% of Gulfports…
  14. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 14
    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)…
  15. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 15
    SCOOP OVERVIEW Springer Gas ASSET OVERVIEW Condensate Springer Oil Net proved reserves of 1.4 Tcfe(1) 92,000 net reservoir acres Includes 50,000 net Woodford acres and 42,000 net Springer acres Estimate in excess of 40,000 net acres…
  16. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 16
    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…
  17. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 17
    STRONG FINANCIAL POSITION KEY HIGHLIGHTS CAPITAL STRUCTURE As of December 31, 2018, Gulfport improved the Companys (millions) 4Q'18 leverage ratio to 2.15x, compared to 2.59x at year-end 2017 Cash & Cash Equivalents 52 The Companys…
  18. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 18
    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…
  19. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 19
    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)…
  20. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 20
    FINANCIAL AND OPERATIONAL SUMMARY 2017 2018 4Q2018 2018 1Q2017 2Q2017 3Q2017 4Q2017 FY 2017 1Q2018 2Q2018 3Q2018 4Q2018 FY 2018 FY 2019E Q-o-Q Y-o-Y Y-o-Y Production Gas Bcf 66.3 82.9 97.8 103.0 350.1 102.0 108.2 117.0 116.5 443.7…
  21. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 21
    2018 PROVED RESERVE SUMMARY Net Reserves as of December 31, 2018(1) Gas Oil NGL Total PV-10 (MM) (Bcf) (MMBbls) (MMBbls) (Bcfe) SEC Proved Developed Producing 1,771.8 8.2 38.8 2,054.1 2,180 Proved Developed Non-Producing 41.4 1.4 2.0…
  22. 4Q 2018 Earnings Presentation – Gulfport Energy Corp. – slide 22
    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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