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Gulfport Energy Corp.

Company Summary

Description

Gulfport Energy Corporation is an Oklahoma City-based independent oil and natural gas exploration and production company.

Website

http://www.gulfportenergy.com/

Operational Regions

  • Utica
  • SCOOP

Financial Data:

NASDAQ:GPOR from Google Finance

Tickers:

  • GPOR - NASDAQ

Related Entities

Firm Transport Commitments

Project: Lebanon Extension Project
Firm Commitment: 0

Project: Zone Three Capacity Expansion (East-to-West Expansion Project)
Firm Commitment: 50,000 Dth/d

Project: Northern Supply Access
Firm Commitment: 54,000 MMbtu/d

Project: Rover Pipeline LLC
Firm Commitment: 150 Mmcf/d

Project: MIDSHIP Project
Firm Commitment: 300 Mmcf/d

Project: Leach Xpress
Firm Commitment: 100 Mmcf/d

Recent news

  • 11/18/2020 - Gulfport Asking... (subscriber access)
  • 11/18/2020 - Gulfport Energy Granted... (subscriber access)
  • 11/16/2020 - Gulfport Energy Files... (subscriber access)
  • 10/20/2020 - Gulfport Skipped... (subscriber access)
  • 6/3/2020 - Firefly Value Partners... (subscriber access)

Investor Presentations

  • 1Q20 Investor Presentation
  • 4Q19 Investor Presentation (subscriber access)
  • August 2019 Presentation (subscriber access)
  • 3Q18 Investor Presentation (subscriber access)
  • 2Q18 Investor Presentation (subscriber access)
  • 1Q18 Investor Presentation (subscriber access)
  • February 2018 Investor Presentation (subscriber access)
  • January 2018 Investor Presentation (subscriber access)
  • 3Q17 Earnings Presentation (subscriber access)
  • August 2017 Investor Presentation (subscriber access)
  • 1Q17 Earnings Slideshow (subscriber access)
  • Investor Presentation - February 2017 (subscriber access)
  • Investor Presentation - November 2016 (subscriber access)
  • Investor Presentation May 2015 (subscriber access)

Company Transactions

Date: 12/31/2019
Type: Acquisition

DETAILS:

COST: 8 $ MMbtu/d

VOLUMES: 68.6 BOE/d

NOTES:
Gulfport reported that in the third quarter of 2019 they sold off overriding royalty interests in the Bakken for $8 million in cash, which included net production of 68.6 boe/d.
REGIONS:
  • Bakken
  • Date: 12/31/2019
    Type: Acquisition

    DETAILS:

    COST: 29 $MM

    NOTES:
    Gulfport has entered into a deal to divest non-operated assets in the Utica Shale for $29 million,
    REGIONS:
  • Utica
  • Date: 12/20/2019
    Type: Acquisition

    BUYERS:
  • Bison Oklahoma
  • DETAILS:

    COST: 100 $MM

    NOTES:
    Bison has acquired Gulfport Energy's water assets in the Oklahoma SCOOP for $100 million, including $50 million in cash and a further $50 million in inventive payments over the next 15-years. The assets include 2.3 Mbbl in storage, 40 Mbbl/d in recycling capacity, 55 Mbbl/d in freshwater supply and other assets.
    REGIONS:
  • SCOOP
  • Date: 7/3/2019
    Type: Acquisition

    DETAILS:

    COST: 54.1 $MM

    NOTES:
    Gulfport Energy recently closed the sale of its Southern Louisiana assets to a third party for roughly $54.1 million. The effective date of the transaction is August 15, 2018, and the transaction closed on July 3, 2019.

    Date: 5/1/2018
    Type: Acquisition

    NOTES:
    Gulfport Energy entered into a deal to divest their 25% stake in Strike Force Midstream for $175 million to EQT Midstream Partners
    REGIONS:
  • Utica
  • Date: 6/30/2017
    Type: Acquisition

    DETAILS:

    ACRES: 5500

    NOTES:
    Gulfport reported during the first six months of 2017, they have added 5,500 net acres to their dry gas operating area in the Utica Shale. Additionally, they boosted net revenue interests on 5,000 acres by 8% over the same time period.
    REGIONS:
  • Utica
  • Date: 6/30/2017
    Type: Acquisition

    DETAILS:

    ACRES: 2600 Acres

    NOTES:
    During the six-month period ended June 30, 2017, Gulfport acquired approximately 2,600 net acres within its core operating area, bringing the Company's holdings to a total of approximately 49,200 net surface acres under lease today in the SCOOP.
    REGIONS:
  • SCOOP
  • Date: 6/6/2017
    Type: Acquisition

    NOTES:
    Mammoth Energy has completed the acquisition of Sturgeon Acquisitions, LLC (which owns Taylor Frac, LLC) and two other oil field services companies, Stingray Energy Services, LLC and Stingray Cementing, LLC. The Company issued an aggregate of 7.0 million shares to Gulfport Energy, Rhino Exploration LLC and subsidiaries of Wexford Capital, the pro-rate owners of the acquired businesses.
    REGIONS:
  • Appalachia
  • United States
  • Date: 2/15/2017
    Type: Acquisition

    DETAILS:

    COST: 1.85 $B

    VOLUMES: 183 Mmcfe/d

    ACRES: 46500 Acres

    NOTES:
    The acreage covers two intervals of the SCOOP with 46,400 net acres in the Woodford and 38,600 net Springer acres in Grady, Stephens and Garvin Counties, Oklahoma. The assets also hold approximately 1,750 gross drilling locations in the Woodford & Springer intervals.
    REGIONS:
  • SCOOP
  • Date: 12/31/2016
    Type: Acquisition

    DETAILS:

    COST: 87 $MM

    ACRES: 12600 Acres

    REGIONS:
  • Utica