GULFPORT COMPANY OVERVIEW CORE AREAS OF OPERATION KEY STATISTICS Market Capitalization(1) 283 Million Utica Shale Enterprise Value(2) 2.2 Billion Acreage: 205,000 Net Acres Liquidity(3) 269 Million YE 2019 Proved Reserves: 3.2 Net…
GULFPORTS STRATEGY IN CURRENT ENVIRONMENT Actively working with vendors and service providers to improve efficiencies and LOWER reduce costs COST OF Initiated plan to further reduce annual G&A expenses PRODUCTION Optimizing…
COST REDUCTION EFFORTS KEY HIGHLIGHTS PER UNIT OPERATING EXPENSE Making every effort to reduce per unit LOE and midstream 1.06 0.97 expense during 2020 despite declining production 0.90 0.90 /Mcfe Identifying areas to improve…
FOCUSED ON FINANCIAL STRENGTH 700 108 600 500 ( Millions) 327 400 MAINTAIN ADEQUATE 300 4 EXERCISE CAPITAL LIQUIDITY POSITION 269 DISCIPLINE 200 100 - (2) (2) Credit (1) Bank Debt L/Cs (2) Cash Liquidity Facilty…
GULFPORT 2020 GUIDANCE 2020E BUDGET KEY HIGHLIGHTS Year Ending Optimized production profile to take advantage of 12/31/20 higher commodity price environment in late 2020 and Forecasted Incurred Capital Expenditures 2021 Budgeted…
MACRO NATURAL GAS KEY HIGHLIGHTS NATURAL GAS FUTURES STRIP Reduction in capital spending from oil-weighted companies 3.25 has resulted in expectations for material associated gas 3.00 production declines 2.75 2.50 Natural gas…
APPENDIX
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…
STRONG PRICE REALIZATIONS KEY HIGHLIGHTS NATURAL GAS DIFFERENTIAL Reiterated expected 2020 natural gas differential, oil 1Q'20 2020E differential and expected 2020 NGL realized price guidance Mcf below (0.69) Before the impact…
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) 2Q20 3Q20 4Q20 2020(2) 2021 2022 2023 Natural Gas Contract Summary: Natural Gas Swaps (NYMEX) Volume (BBtupd) 774 345 370 495 - - - Price (/MMBtu) 2.91 2.91 2.80 2.88 - - - Natural Gas Collars…
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…
COVID-19 RESPONSE PLAN KEY HIGHLIGHTS Top priority is the safety and health of Gulfport employees, contractors, and the communities in which it operates All office personnel are working remotely Employees have remained fully…
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, accretion expense, depreciation, depletion…
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 (loss) income before income taxes less non-cash derivative (gain) loss, impairment of oil and gas properties, rig termination fees, gain on debt…
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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