GULFPORT ENERGY CORP
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
Extracted filing text, with the paragraph anchors used by the comparison.
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2024 Production and Drilling Activity
Production Volumes
| Three Months Ended June 30, 2024 | Three Months Ended June 30, 2023 | |
|---|---|---|
| Natural gas (Mcf/day) | ||
| Utica & Marcellus | 816,935 | 751,272 |
| SCOOP | 155,552 | 194,639 |
| Total | 972,487 | 945,910 |
| Oil and condensate (Bbl/day) | ||
| Utica & Marcellus | 977 | 556 |
| SCOOP | 1,770 | 2,977 |
| Total | 2,747 | 3,533 |
| NGL (Bbl/day) | ||
| Utica & Marcellus | 2,349 | 2,440 |
| SCOOP | 7,845 | 9,596 |
| Total | 10,195 | 12,036 |
| Combined (Mcfe/day) | ||
| Utica & Marcellus | 836,892 | 769,246 |
| SCOOP | 213,245 | 270,077 |
| Total | 1,050,137 | 1,039,323 |
| Totals may not sum or recalculate due to rounding. | ||
Our total net production averaged approximately 1,050.1 MMcfe per day during the three months ended June 30, 2024, as compared to 1,039.3 MMcfe per day during the three months ended June 30, 2023. The 1% increase in production per day is largely the result of our 2023 and 2024 development programs.
| Six Months Ended June 30, 2024 | Six Months Ended June 30, 2023 | |
|---|---|---|
| Natural gas (Mcf/day) | ||
| Utica & Marcellus | 814,146 | 735,133 |
| SCOOP | 158,879 | 210,030 |
| Total | 973,025 | 945,163 |
| Oil and condensate (Bbl/day) | ||
| Utica & Marcellus | 1,163 | 573 |
| SCOOP | 1,875 | 3,555 |
| Total | 3,038 | 4,128 |
| NGL (Bbl/day) | ||
| Utica & Marcellus | 2,165 | 2,564 |
| SCOOP | 7,948 | 10,496 |
| Total | 10,113 | 13,060 |
| Combined (Mcfe/day) | ||
| Utica & Marcellus | 834,112 | 753,957 |
| SCOOP | 217,817 | 294,335 |
| Total | 1,051,929 | 1,048,292 |
| Totals may not sum or recalculate due to rounding. | ||
Our total net production averaged approximately 1,051.9 MMcfe per day during the six months ended June 30, 2024, as compared to 1,048.3 MMcfe per day during the six months ended June 30, 2023. Production per day remained consistent largely as a result of our 2023 and 2024 development programs.
Utica/Marcellus. We spud five gross (5.0 net) wells targeting the Utica formation during the three months ended June 30, 2024. In addition, we commenced sales on four gross (3.8 net) operated Utica wells.
As of July 29, 2024, we had one operated drilling rig running in Ohio drilling the Utica formation.
SCOOP. We did not spud or commence sales on any operated wells in the SCOOP during the three months ended June 30, 2024.
As of July 29, 2024, we did not have an operated drilling rig running in the SCOOP.
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