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Wednesday, December 4, 2013

Gulfport Energy Seeing Big Production From Latest Monster Well

From The Intelligencer/Wheeling News-Register:
Energy analysts referred to the well Gulfport Energy drilled in the Egypt Valley area of Belmont County last year as a "monster" upon learning it generated 28.5 million cubic feet of natural gas per day.
Now Gulfport has an even more productive Belmont County well, as the Irons 1-4 H well along Ohio 148 near Armstrong Mills is yielding about 30 million cubic feet of dry methane natural gas daily.
"We are very pleased with the initial results from our Irons 1-4H well, our first well in the dry gas corridor in the Utica. With approximately 44 percent of our acreage located within the dry gas phase of the play, this well stands to unlock meaningful value across a large portion of our acreage," said Gulfport CEO Jim Palm.
The entire article can be read by clicking here.

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