Gulfport Energy Corp. plans to increase production by about 2-6% to net production of 1.00-1.04 bcfed this year, driven by its Utica Shale development plan. The post Gulfport plans production increase driven by Utica Shale development appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.
Read More...Gulfport Energy Corp. may merge with Encino Energy LLC following the collapse of discussions with rival oil and gas explorer Ascent Resources. The post Gulfport, Encino consider combining in merger appeared first on Shale Gas Reporter. This post appeared first on Shale Gas Reporter.
Read More...Gulfport Energy Corp has been exploring the possibility of selling, according to sources that spoke to Reuters. The natural gas exploration and production company has been working with an investment bank on its options, following its emergence from bankruptcy earlier this year, and its ability to solicit potential acquisition interest. Gulfport has a market value
Read More...Gulfport Energy emerged from Chapter 11 bankruptcy on May 18 with a new board and an improved balance sheet, according to Natural Gas World. The company started a restructuring process in November, looking to eliminate roughly $1.25 billion in debt. “Gulfport has exited bankruptcy with a new board of directors; a strengthened balance sheet, with
Read More...How often do royalty payments come? Depending on the company, royalty payments can arrive monthly or quarterly. Are my royalty payments transferable? Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a
Read More...Gulfport Energy Corp. recently revealed in a regulatory filing that it’s been in discussions with its lenders about filing for bankruptcy, according to Natural Gas Intelligence. Furthermore, Gulfport entered a 30-day grace period to defer an interest payment that was due Thursday on its 6% unsecured note due 2024. During the grace period, the company
Read More...What is fracking? Fracking is a slang term for hydraulic fracturing. Fracturing is a process by which highly pressurized fluid is pumped thousands of feet into the ground to fracture rock formations. The goal is to release the natural gas that’s locked inside the rock. Is it safe? What most concerns people about fracturing is
Read More...Although Gulfport Energy saw an overall production increase in the second quarter of 2019 when compared to the same quarter a year ago, its Utica Shale production dipped slightly, according to Kallanish Energy. The company as a whole reported second quarter 2019 net production of 1.36 billion cubic feet-equivalent per day (Bcfe/d), which was a
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