GULFPORT COMPANY OVERVIEW CORE AREAS OF OPERATION KEY STATISTICS Market Capitalization(1) 160 Million Utica Shale Enterprise Value(2) 2.1 Billion Acreage: 205,000 Net Acres Liquidity(3) 693 Million YE 2019 Proved Reserves: 3.2 Net…
GULFPORTS STRATEGY IN CURRENT LOW PRICE ENVIRONMENT EXERCISE Reducing capital expenditures 50% from 2019 levels CAPITAL DISCIPLINE Saving valuable inventory for better price environment in the future GENERATE Expect to generate…
FOCUSED ON FINANCIAL STRENGTH 1,200 Elected Commitment 1,000 120 800 ( Millions) 244 50 6 600 693 MAINTAIN STRONG EXERCISE CAPITAL LIQUIDITY POSITION 400 DISCIPLINE 200 - Credit Bank Debt L/Cs Cash SCOOP Liquidity…
GULFPORT 2020 GUIDANCE 2020E CAPITAL BUDGET KEY HIGHLIGHTS Year Ending Reducing capital expenditures 50% in 2020 vs. 2019 12/31/20 Forecasted Production Generate free cash flow(1) Average Daily Gas Equivalent MMcfepd 1,100 1,150…
COST REDUCTION EFFORTS KEY HIGHLIGHTS PER UNIT OPERATING EXPENSE Plan to reduce per unit LOE and midstream expense during 1.06 0.97 2020 despite declining production 0.90 0.90 /Mcfe 2020E per unit operating expense expected to…
APPENDIX
UTICA SHALE OVERVIEW ASSET OVERVIEW Net proved reserves of 3.2 Tcfe(1) 205,000 net acres 65% HBP 81% of Gulfports total net production(2) 2020 PLANNED ACTIVITIES(3) Operated Activity Spud 16 gross (15 net) wells Turn-to-sales…
SCOOP OVERVIEW Springer Gas ASSET OVERVIEW Condensate Springer Oil Net proved reserves of 1.3 Tcfe(1) 76,000 net acres(2) 97% HBP 19% of Gulfports total net production(3) 2020 PLANNED ACTIVITIES(4) Operated Activity Spud 10…
MARKETING OVERVIEW KEY HIGHLIGHTS Canadian Low cost supply basins serviced by trusted midstream Exports partners In the Utica, partnered with MPLX, Summit, and EQT Power Generation Midstream In the SCOOP, partnered with…
NGL MARKETING OVERVIEW KEY HIGHLIGHTS Edmonton Gulfport forecasts realizing 30% to 35% of Markets WTI for NGLs during 2020 Ontario Markets Midwest Northeast SCOOP barrel provides a strong baseload with Markets Markets…
HEDGED PRODUCTION HEDGE BOOK(1) 1Q20 2Q20 3Q20 4Q20 2020 2021 2022 2023 Natural Gas Contract Summary: Natural Gas Fixed Price Swaps (NYMEX) Volume (BBtupd) 820 774 325 200 528 - - - Weighted Average Price (/MMBtu) 2.77 2.91 2.94…
2019 PROVED RESERVE SUMMARY Net Reserves as of December 31, 2019(1) Gas Oil NGL Total SEC PV-10 (Bcf) (MMBbls) (MMBbls) (Bcfe) (MM) Proved Developed Producing 1,739.5 7.4 29.1 1,958.2 1,360 Proved Developed Non-Producing 17.8 0.5 0.8…
COMMITTED TO SUSTAINABILITY The key tenants to any successful business is its priority on safety and environmental protection. Publishing our first ever Corporate Sustainability Report allows us to be more transparent about our health,…
NON-GAAP FINANCIAL MEASURES EBITDA is a non-GAAP financial measure equal to net (loss) income, the most directly comparable GAAP financial measure, plus interest expense, income tax expense (benefit), accretion expense, 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…
NON-GAAP FINANCIAL MEASURES Adjusted net income is a non-GAAP financial measure equal to pre-tax net (loss) income less non-cash derivative loss (gain), impairment of oil and gas properties, litigation settlement, insurance proceeds,…
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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