Company: GPOR
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008043
Chunk: 8

Company: GULFPORT ENERGY CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1A
Chunk 8
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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 future net revenue(1)$1,620 $1,876 $3,496 Present value of estimated future net revenue (PV-10)(1)$1,059 $699 $1,757 Standardized measure(1)$1,747 Totals may not sum due to rounding._____________________

(1)    Estimated future net revenue represents the estimated future revenue to be generated from the production of proved reserves, net of estimated production and future development costs, using prices and costs under existing economic conditions as of December 31, 2024, and assuming commodity prices as set forth below. For the purpose of determining prices used in our reserve reports, we used the unweighted arithmetic average of the prices on the first day of each month within the 12-month period ended December 31, 2024. The prices used in our PV-10 measure were the average WTI Spot price of $76.32 per barrel and the average Henry Hub Spot price of $2.13 per MMBtu, before basis differential adjustments. These prices should not be interpreted as a prediction of future prices, nor do they reflect the value of our commodity derivative instruments in place as of December 31, 2024. The amounts shown do not give effect to non-property-related expenses, such as corporate general and administrative expenses and debt service, or to depreciation, depletion and amortization. The present value of estimated future net revenue typically differs from the standardized measure because the former does not include the effects of estimated future income tax expense of $10 million as of