Company: GPOR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022951
Chunk: 2

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 2
Chunk 2
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,495 1,981 SCOOP6,467 8,050 Total9,962 10,031 Combined (Mcfe/day)Utica & Marcellus731,105 831,333 SCOOP198,175 222,389 Total929,280 1,053,722 Totals may not sum or recalculate due to rounding.

Our total net production averaged approximately 929.3 MMcfe per day during the three months ended March 31, 2025, as compared to 1,053.7 MMcfe per day during the three months ended March 31, 2024. Production per day declined primarily due to natural declines resulting from the timing of our 2024 and 2025 development programs.

Utica/Marcellus. We spud eight gross (7.98 net) wells targeting the Utica formation during the three months ended March 31, 2025. In addition, we commenced sales on seven gross (6.99 net) operated Utica wells in March 2025.

As of April 30, 2025, we had two operated drilling rigs running in Ohio drilling the Utica formation.

SCOOP. We did not spud or commence sales on any operated wells in the SCOOP during the three months ended March 31, 2025. 

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

28

RESULTS OF OPERATIONS 

Comparison of the Three Month Periods Ended March 31, 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 March 31, 2025 as compared to the three months ended March 31, 2024. Some totals below may not sum or recalculate due to rounding.

Three Months Ended March 31, 2025Three Months Ended March 31, 2024Natural gas salesNatural gas production volumes (MMcf)75,403 88,594 Natural gas production volumes (MMcf) per day838 974 Total sales$281,506 $188,286 Average price without the impact of derivatives ($/Mcf)$3.73 $2.13 Impact from settled derivatives ($/Mcf)$(0.12)$0