Gulfport Energy Releases 3rd Quarter Update

From a Gulfport Energy press release:
Gulfport Energy Corporation (NASDAQ: GPOR) (“Gulfport” or the “Company”) today provided an update for the quarter and nine-months ended September 30, 2018. Key information includes the following: 
  • Net production during the third quarter of 2018 averaged 1,427.5 MMcfe per day, a 7% increase over the second quarter of 2018 and 19% increase versus the third quarter of 2017. 
  • Realized natural gas price for the third quarter of 2018, before the impact of derivatives and including transportation costs, averaged $2.32 per Mcf, a $0.58 per Mcf differential to the average trade month NYMEX settled price. 
  • Realized oil price for the third quarter of 2018, before the impact of derivatives and including transportation costs, averaged $68.73 per barrel, a $0.77 per barrel differential to the average WTI oil price. 
  • Realized natural gas liquids price for the third quarter of 2018, before the impact of derivatives and including transportation costs, averaged $0.74 per gallon, equivalent to $31.18 per barrel, or approximately 45% of the average WTI oil price. 
  • Realized natural gas price for the nine-months ended September 30, 2018, before the impact of derivatives and including transportation costs, averaged $2.30 per Mcf, a $0.59 per Mcf differential to the average trade month NYMEX settled price. 
  • Realized oil price for the nine-months ended September 30, 2018, before the impact of derivatives and including transportation costs, averaged $64.96 per barrel, a $1.83 per barrel differential to the average WTI oil price. 
  • Realized natural gas liquids price for the nine-months ended September 30, 2018, before the impact of derivatives and including transportation costs, averaged $0.72 per gallon, equivalent to $30.30 per barrel, or approximately 45% of the average WTI oil price. 
  • Gulfport turned-to-sales 11 gross and net operated wells in the Utica Shale and 7 gross (5.4 net) operated wells in the SCOOP during the third quarter of 2018.
Read the whole release by clicking here.

Connect with us on Facebook and Twitter!

Popular posts from this blog

Fracktivist in Dimock Releases Carefully Edited Video, Refuses to Release the Rest

The Second Largest Oil and Gas Merger - Cabot and Cimarex

Is a Strong Oil Demand Expected This Year?