Company: GPOR
Filing Date: 2025-05-07
Form Type: 10-Q
Source: 0001628280-25-022951
Chunk: 71

Company: GULFPORT ENERGY CORP
Filing Date: 2025-05-07
Form: 10-Q
Item: Part I, Item 1
Chunk 71
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 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.

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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)$0.75 Average price, including settled derivatives ($/Mcf)$3.61 $2.88 Oil and condensate salesOil and condensate production volumes (MBbl)475 303 Oil and condensate production volumes (MBbl) per day5 3 Total sales$31,259 $21,701 Average price without the impact of derivatives ($/Bbl)$65.76 $71.64 Impact from settled derivatives ($/Bbl)$1.06 $0.04 Average price, including settled derivatives ($/Bbl)$66.82 $71.68 NGL salesNGL production volumes (MBbl)897 913 NGL production volumes (MBbl) per day10 10 Total sales$30,817 $28,106 Average price without the impact of derivatives ($/Bbl)$34