GULFPORT COMPANY OVERVIEW CORE AREAS OF OPERATION KEY STATISTICS Market Capitalization(1) 173 Million Utica Shale Enterprise Value(2) 2.1 Billion Acreage: 205,000 Net Acres Long-Term Debt 1.9 Billion YE 2019 Proved Reserves: 3.2…
GULFPORTS STRATEGY IN CURRENT ENVIRONMENT Optimized production profile to take advantage of higher commodity price EXERCISE environment in late 2020 and 2021 CAPITAL DISCIPLINE Forecasted 2020 full year net production to average 1,000…
COST REDUCTION EFFORTS KEY HIGHLIGHTS PER UNIT OPERATING EXPENSE Focus on reducing per unit expenses during 2020 despite 1.06 0.97 declining production 0.90 0.90 /Mcfe Identifying areas to improve LOE including reduction in…
FOCUSED ON STRENGTHENING FINANCIAL POSITION 700 123 600 500 ( Millions) 400 324 MAINTAIN ADEQUATE 300 EXERCISE CAPITAL 3 LIQUIDITY POSITION 256 DISCIPLINE 200 100 - Credit Bank Debt L/Cs 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 Production 2021 Average Daily Gas Equivalent…
APPENDIX
UTICA SHALE OVERVIEW ASSET OVERVIEW Net proved reserves of 3.2 Tcfe(1) 205,000 net acres 65% HBP 77% 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 23% of Gulfports total net production(3) 2020 PLANNED ACTIVITIES(4) Operated Activity Spud 10…
NGL MARKETING OVERVIEW KEY HIGHLIGHTS Edmonton Markets Gulfport forecasts realizing 30% to 35% of WTI for NGLs during 2020 Ontario Markets Midwest Northeast SCOOP barrel provides a strong baseload with Markets Markets pipeline…
HEDGED PRODUCTION HEDGE BOOK(1) 3Q20 4Q20 2020(2) 2021 2022 2023 Natural Gas Contract Summary: Natural Gas Swaps (NYMEX) Volume (BBtupd) 378 470 424 - - - Price (/MMBtu) 2.87 2.71 2.78 - - - Natural Gas Collars (NYMEX) Volume…
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,…
SECOND QUARTER 2020 RESULTS 1Q20 2Q20 FY2020 1Q20 2Q20 Guidance Production ( millions) Average Daily Gas Equivalent MMcfepd 1,054 1,027 1,000 1,075 Adjusted Net Income(3) 17.5 47.1 % Gas 90% 91% 90% Adjusted EBITDA(3) 129.3 145.0 %…
NON-GAAP FINANCIAL MEASURES Recurring general and administrative before capitalization is a non-GAAP financial measure equal to general and administrative expense (GAAP) plus capitalized general and administrative expense, less…
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 loss (gain), 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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