Company: GPOR
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0001628280-25-008043
Chunk: 102

Company: GULFPORT ENERGY CORP
Filing Date: 2025-02-26
Form: 10-K
Item: Item 1
Chunk 102
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The following table presents activity by operating area for the year ended December 31, 2024: 

OperatedNon-OperatedFieldDrilledTurned to SalesDrilledTurned to SalesGrossNetGrossNetGrossNetGrossNetUtica & Marcellus(1)18.017.416.015.416.00.18.00.1SCOOP(2)3.02.43.02.418.00.216.00.1Total21.019.819.017.834.00.324.00.2_____________________

(1)    Of the 18 gross wells drilled in 2024, 10 were completed as producing wells and eight were in various stages of drilling and completion as of December 31, 2024.

(2)    The three gross wells that were drilled in 2024 were completed as producing wells as of December 31, 2024.

11

Table of ContentsIndex to Financial Statements

Production, Prices and Production Costs

The following table presents our production volumes, average prices received and average production costs during the periods indicated (sales totals in thousands):Year Ended December 31, 2024Year Ended December 31, 2023Year Ended December 31, 2022Natural gas salesNatural gas production volumes (MMcf)354,154 350,306 322,366 Natural gas production volumes (MMcf) per day968 960 883 Total sales$714,160 $831,812 $1,998,452 Average price without the impact of derivatives ($/Mcf)$2.02 $2.37 $6.20 Impact from settled derivatives ($/Mcf)$0.80 $0.42 $(3.11)Average price, including settled derivatives ($/Mcf)$2.82 $2.79 $3.09 Oil and condensate salesOil and condensate production volumes (MBbl)1,459 1,363 1,610 Oil and condensate production volumes (MBbl) per day4 4 4 Total sales$101,589 $99,854 $147,444 Average price without the impact of derivatives ($/Bbl)$69.64 $73.27 $91.58 Impact from settled derivatives ($/Bbl)$0.11 $(2.53)