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 basins…
GULFPORT STRATEGIC AND OPERATIONAL PLANS INITIATIVES KEY HIGHLIGHTS Reiterated 2019 full year net production to average 1,360 PRIORITIZING MARGIN MAXIMIZATION OVER MMcfe to 1,400 MMcfe per day PRODUCTION GROWTH WITH THE INTENT TO…
GULFPORT 2019 GUIDANCE 2019E CAPITAL BUDGET KEY HIGHLIGHTS Year Ending Reaffirmed 2019 total capital expenditures to be in the range 12/31/2019 of 565 million to 600 million Forecasted Production Forecasted 2019 full year free cash…
STRONG LIQUIDITY, CAPITALIZATION AND HEDGE POSITION GAS HEDGES(1) KEY HIGHLIGHTS 2.83 2.77 3.00 Gulfports hedge portfolio underpins its capital program, providing 1,200 a high degree of certainty surrounding the Companys cash flow…
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 KEY HIGHLIGHTS FIRST QUARTER OF 2019 OIL AND GAS REVENUES For the first quarter of 2019, Gulfports realized prices and Gas hedge position resulted in adjusted oil and gas revenues of NGL 315.8 million(1)…
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 3.4 Tcfe(1) 210,000 net acres Oil - 1% Condensate - 9% Wet Gas - 13% Dry Gas - 77% 2019 ACTIVITIES UPDATE(2) Average net production of 993.6 MMcfepd 79% of…
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…
MARKETING OVERVIEW KEY HIGHLIGHTS Canadian Low cost supply basins with diversified takeaway portfolio and Exports serviced by trusted midstream partners In the Utica, partnered with MPLX, Summit, and EQT Power Generation…
NGL MARKETING OVERVIEW KEY HIGHLIGHTS Edmonton Markets Gulfport forecasts realizing approximately 40% Ontario to 45% of WTI for NGLs during 2019 Markets Midwest Northeast SCOOP barrel provides a strong baseload with Markets…
STRONG FINANCIAL POSITION KEY HIGHLIGHTS CAPITAL STRUCTURE As of March 31, 2019, Gulfports leverage ratio was 2.28x (millions) 1Q19 The Companys borrowing base totals 1.4 billion with Cash & Cash Equivalents 18 elected commitments…
HEDGED PRODUCTION HEDGE BOOK(1) 2Q19 3Q19 4Q19 2019 2020 Natural Gas Contract Summary: Natural Gas Fixed Price Swaps (NYMEX) Volume (BBtupd) 1,180 1,380 1,380 1,254 204 Weighted Average Price (/MMBtu) 2.82 2.81 2.81 2.83 2.77…
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…
GULFPORT ENERGY HEADQUARTERS 3001 Quail Springs Parkway Oklahoma City, OK 73134 www.gulfportenergy.com INVESTOR RELATIONS (405) 252-4550 Investor_relationsgulfportenergy.com
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