Company: GPOR
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008043
Chunk: 133

Company: GULFPORT ENERGY CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1A
Chunk 133
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 December 31, 2024: 

DevelopedAcreageUndevelopedAcreageFieldGrossNetGrossNetUtica & Marcellus161,391133,63877,387 74,359 SCOOP49,922 35,896 9,829 7,134 Total211,313 169,534 87,216 81,493 

Of our leases that are not held by production, most have a five-year primary term, many of which include options to extend the primary term. We manage lease expirations to ensure that we do not experience unintended material expirations. Our leasehold management efforts include scheduling our operations to establish production in paying quantities in order to hold leases prior to the expiration dates, paying the prescribed lease extension payments, planning non-core divestitures or strategic acreage trades with other operators to high-grade our lease inventory and letting some leases expire that are no longer part of our development plans. The following table sets forth the potential expiration periods of gross and net undeveloped leasehold acres as of December 31, 2024:

Undeveloped AcresYears Ending December 31,Gross AcresNet Acres20252,203 2,195 20263,682 3,661 20272,812 2,775 After 202718,673 18,667 Held by production59,846 54,195 Total87,216 81,493 

Productive Wells

The following table presents our total gross and net productive wells, expressed separately for oil and gas, as of December 31, 2024: 

NRI/WIProductiveOil WellsProductiveGas WellsTotal WellsFieldPercentagesGrossNetGrossNetGrossNetUtica & Marcellus49.66/60.8415 5.15 712 437.2 727 442.4 SCOOP21.41/26.49119 12.23 531 159.92 650 172.1 Total(1)143 17.4 1,411 597.1 1,554 614.5 _____________________

(1) We also have override/royalty interests in 177 wells with an average NRI of 0.6%, which are not material to our operations. Totals may not sum due to rounding.

10

Table of ContentsIndex to Financial Statements

Drilling Activity

The following