Company: GPOR
Filing Date: 2025-08-06
Form Type: 10-Q
Source: 0001628280-25-038172
Chunk: 3

Company: GULFPORT ENERGY CORP
Filing Date: 2025-08-06
Form: 10-Q
Item: Part I, Item 2
Chunk 3
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SCOOP201,979 217,817 Total968,002 1,051,929 Totals may not sum or recalculate due to rounding.

Our total net production averaged approximately 968.0 MMcfe per day during the six months ended June 30, 2025, as compared to 1,051.9 MMcfe per day during the six months ended June 30, 2024. Production per day declined primarily due to natural declines partially offset by our 2024 and 2025 development programs and the impact of unplanned, third-party midstream outages and constraints.

Utica/Marcellus. We spud four gross (4.0 net) wells targeting the Utica formation during the three months ended June 30, 2025. In addition, we commenced sales on eight gross (8.0 net) operated Utica wells and four gross (4.0 net) operated Marcellus wells. 

As of July 30, 2025, 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 June 30, 2025. We commenced sales on two gross (1.8 net) operated SCOOP wells.

As of July 30, 2025, we did not have an operated drilling rig running in the SCOOP.

35

RESULTS OF OPERATIONS 

Comparison of the Three Month Periods Ended June 30, 2025 and 2024

Natural Gas, Oil and Condensate and NGL Production and Pricing (sales totals in thousands)

The following table summarizes our natural gas, oil and condensate and NGL production and related pricing for the three months ended June 30, 2025 as compared to the three months ended June 30, 2024. Some totals below may not sum or recalculate due to rounding.

Three Months Ended June 30, 2025Three Months Ended June 30, 2024Natural gas salesNatural gas production volumes (MMcf)81,114 88,496 Natural gas production volumes (MMcf) per day891 972 Total sales$241,236 $144,458 Average price without the impact of derivatives ($/Mcf)$2.97 $1.63 Impact from settled derivatives ($/Mcf)$0.22 $1.03 Average price, including settled derivatives ($/M