GULFPORT ENERGY CORP
For the period ended May 22, 2024. Filed Apr 5, 2024.
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May 22, 2024 · Filed Apr 5, 2024
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Contents
Proxy Statement Summary
The summary below highlights information contained elsewhere in this proxy statement. It does not contain all the information that you should consider in connection with the matters before the Annual Meeting. Please read the entire proxy statement carefully before voting your shares.
ABOUT GULFPORT
Gulfport is an independent natural gas-weighted exploration and production company with assets primarily located in the Appalachia and Anadarko basins. Our principal properties are located in eastern Ohio targeting the Utica and Marcellus and in central Oklahoma targeting the SCOOP Woodford and Springer formations. Our corporate headquarters are located in Oklahoma City, Oklahoma and shares of Gulfport’s Common Stock trade on the New York Stock Exchange (NYSE) under the ticker symbol “GPOR”.
BUSINESS STRATEGY
Gulfport aims to create sustainable value through the economic development of our significant resource plays in the Utica and SCOOP operating areas. Our strategy is to develop our assets in a manner that generates sustainable cash flow, improves margins and operating efficiencies, while improving our ESG and safety performance. To accomplish these goals, we allocate capital to projects we believe offer the highest rate of return and deploy leading drilling and completion techniques and technologies in our development efforts. We believe our plan to generate free cash flow on an annual basis will allow us to return capital to shareholders and increase our resource depth through incremental leasehold opportunities that provide optionality to our future development plans.
| Core Assets | Employees | 2023 Production | 2023 Production Mix |
|---|---|---|---|
| Utica Shale and SCOOP | 226 people as of Dec. 31, 2023 | 1,054 MMcfe per day | 91% natural gas, 7% natural gas liquids and 2% oil |
DIRECTORS
Our Board is comprised of seven directors, including the Company’s Chief Executive Officer, John Reinhart, and six non-employee directors, Timothy Cutt, David Wolf, Jason Martinez, Jeannie Powers, David Reganato, and Mary Shafer-Malicki. They are diverse, industry-leading experts with an average of approximately 25 years of industry leadership experience across multiple disciplines. Each of our directors will stand for election annually and must be elected by a majority of shares voted.
2024 PROXY STATEMENT 1
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