Company: GPOR
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008043
Chunk: 95

Company: GULFPORT ENERGY CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 95
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 reservoir engineering department of all of our reported proved reserves at the close of each quarter, including the review of all significant reserve changes and all new proved undeveloped reserves additions; 

•provision of quarterly updates to our Board of Directors regarding operational data, including production, drilling and completion activity levels and any significant changes in our reserves;

•annual review by our Board of Directors of our year-end reserve report and year-over-year changes in our proved reserves;

•annual review by our senior management of adjustments to our previously adopted development plan and considerations involved in making such adjustments, including the substitution, removal or deferral of PUD locations; and

•annual review and approval by our senior management and our Board of Directors of a multi-year development plan.

6

Table of ContentsIndex to Financial Statements

The tables below set forth information as of December 31, 2024, with respect to our estimated proved developed and undeveloped oil, natural gas and NGL reserves, the associated estimated future net revenue, the PV-10 and the standardized measure. None of the estimated future net revenue, PV-10 nor the standardized measure are intended to represent the current market value of the estimated oil, natural gas and NGL reserves we own. All of our estimated reserves are located within the United States.

December 31, 2024Oil(MMBbl)Natural Gas(Bcf)NGL (MMBbl)Total (Bcfe)Utica & MarcellusProved developed(1)4 1,427 8 1,498 Proved undeveloped(1)13 1,189 36 1,480 Total proved(1)17 2,616 44 2,978 SCOOPProved developed4 451 23 611 Proved undeveloped2 289 13 380 Total proved5 740 36 991 TotalProved developed7 1,879 31 2,109 Proved undeveloped15 1,478 49 1,861 Total proved22 3,356 80 3,969 Totals may not sum or recalculate due to rounding._____________________

(1)    Includes approximately 12 Bcfe and 174 Bcfe of net developed and undeveloped reserves, respectively, located in the Marcellus target formation.

December 31, 2024Proved DevelopedProved UndevelopedTotal Proved($ in millions)Estimated