GULFPORT ENERGY CORP
For the period ended Sep 30, 2024. Filed Nov 6, 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.
Sep 30, 2024 · Filed Nov 6, 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 September 30, 2024 | Three Months Ended September 30, 2023 | |
|---|---|---|
| Natural gas (Mcf/day) | ||
| Utica & Marcellus | 822,015 | 795,191 |
| SCOOP | 144,507 | 176,161 |
| Total | 966,522 | 971,352 |
| Oil and condensate (Bbl/day) | ||
| Utica & Marcellus | 3,105 | 528 |
| SCOOP | 1,513 | 2,667 |
| Total | 4,618 | 3,195 |
| NGL (Bbl/day) | ||
| Utica & Marcellus | 3,491 | 2,271 |
| SCOOP | 6,998 | 8,790 |
| Total | 10,489 | 11,061 |
| Combined (Mcfe/day) | ||
| Utica & Marcellus | 861,592 | 811,985 |
| SCOOP | 195,572 | 244,902 |
| Total | 1,057,164 | 1,056,887 |
| Totals may not sum or recalculate due to rounding. | ||
Our total net production averaged approximately 1,057.2 MMcfe per day during the three months ended September 30, 2024, as compared to 1,056.9 MMcfe per day during the three months ended September 30, 2023. Production per day remained consistent largely as a result of our 2023 and 2024 development programs.
| Nine Months Ended September 30, 2024 | Nine Months Ended September 30, 2023 | |
|---|---|---|
| Natural gas (Mcf/day) | ||
| Utica & Marcellus | 816,788 | 755,372 |
| SCOOP | 154,054 | 198,616 |
| Total | 970,842 | 953,989 |
| Oil and condensate (Bbl/day) | ||
| Utica & Marcellus | 1,815 | 558 |
| SCOOP | 1,754 | 3,256 |
| Total | 3,569 | 3,813 |
| NGL (Bbl/day) | ||
| Utica & Marcellus | 2,610 | 2,466 |
| SCOOP | 7,629 | 9,921 |
| Total | 10,239 | 12,387 |
| Combined (Mcfe/day) | ||
| Utica & Marcellus | 843,339 | 773,512 |
| SCOOP | 210,348 | 277,676 |
| Total | 1,053,687 | 1,051,188 |
| Totals may not sum or recalculate due to rounding. | ||
Our total net production averaged approximately 1,053.7 MMcfe per day during the nine months ended September 30, 2024, as compared to 1,051.2 MMcfe per day during the nine months ended September 30, 2023. Production per day remained consistent largely as a result of our 2023 and 2024 development programs.
Utica/Marcellus. We spud three gross (3.0 net) operated wells targeting the Utica formation during the three months ended September 30, 2024. In addition, we commenced sales on seven gross (6.6 net) operated Utica wells.
As of October 28, 2024, we had one operated drilling rig running in Ohio drilling the Utica formation.
SCOOP. We did not spud any operated wells in the SCOOP during the three months ended September 30, 2024. We commenced sales on three gross (2.4 net) operated wells.
As of October 28, 2024, we had one operated drilling rig running in the SCOOP.
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