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…
SECOND QUARTER AND YEAR-TO-DATE 2019 HIGHLIGHTS DAILY NET PRODUCTION PRODUCTION MIX OPERATING CASH FLOW Gas 10% Liquids During the Generating free Produced first six months cash flow 1,359.0 MMcfe of 2019, during the third per…
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…
DISCIPLINED CAPITAL ALLOCATION KEY HIGHLIGHTS As Gulfport evaluates the reinvestment of cash flow, all options are considered, including strengthening the balance sheet and return of capital to shareholders Previously announced…
GULFPORT 2019 CAPITAL EXPENDITURES GUIDANCE KEY HIGHLIGHTS Gulfport reaffirmed 2019 total capital expenditures to be in the range of 565 million to 600 million Anticipate to turn-in-line additional wells throughout the remainder of…
GULFPORT 2019 GUIDANCE 2019E CAPITAL BUDGET KEY HIGHLIGHTS Year Ending Remain on track to deliver on the 2019 production guidance 12/31/2019 while adhering to the capital budget and generating free Forecasted Production cash flow…
STRONG LIQUIDITY, CAPITALIZATION AND HEDGE POSITION GAS HEDGES(1) KEY HIGHLIGHTS 1,400 3.00 Gulfports hedge portfolio underpins its capital program, providing 1,200 2.81 2.77 a high degree of certainty surrounding the Companys cash…
STRONG REVENUE AND PRICE REALIZATIONS KEY HIGHLIGHTS YEAR-TO-DATE 2019 OIL AND GAS REVENUES For the six-months ended June 30, 2019, Gulfports realized Gas prices and hedge position resulted in adjusted oil and gas NGL revenues of…
KEY INVESTMENT AND FINANCIAL HIGHLIGHTS Core acreage positions in two of the most prolific, high-quality natural gas plays in North America HIGH Basin diversification provides optionality to allocate capital across two premier assets…
APPENDIX
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 1,050.7 MMcfepd 77% 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 June 30, 2019, Gulfports leverage ratio was 2.45x(1) (millions) 2Q19 Strong liquidity position of 615 million(2) Cash & Cash Equivalents 21 No note maturities until…
HEDGED PRODUCTION HEDGE BOOK(1) 3Q19 4Q19 2019(3) 2020 Natural Gas Contract Summary: Natural Gas Fixed Price Swaps (NYMEX) Volume (BBtupd) 1,380 1,380 1,380 204 Weighted Average Price (/MMBtu) 2.81 2.81 2.81 2.77 Natural Gas Fixed…
NON-GAAP FINANCIAL MEASURES Adjusted net income is a non-GAAP financial measure equal to pre-tax net income less non-cash derivative (gain) loss, insurance proceeds, gain on sale of equity method investments and loss (income) from…
NON-GAAP FINANCIAL MEASURES EBITDA is a non-GAAP financial measure equal to net income, the most directly comparable GAAP financial measure, plus interest expense, income tax (benefit) expense, accretion expense and depreciation,…
NON-GAAP FINANCIAL MEASURES Cash flow from operating activities before changes in operating assets and liabilities is a non-GAAP financial measure equal to cash provided by operating activity before changes in operating assets and…
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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