Gulfport: Utica shale accounts for 97% of overall net 2Q production

Gulfport Energy Corp., Oklahoma City, reported its second-quarter Utica shale production in Ohio accounted for 97% of its overall net production compared with 79% a year earlier.

The company’s net production in the Utica shale was 457.6 MMcfd of natural gas equivalent. Its companywide production of 473.9 MMcfed was 196% above a year earlier and 12% above first quarter 2015.

Gulfport’s realized prices for the quarter averaged $1.99/Mcf for natural gas, $12.71/bbl or 30¢/gal for NGL, and $47.40/bbl for oil. Gulfport’s overall production mix was 77% natural gas, 13% NGL, and 10% oil.

As of June 30, Gulfport had 137 gross wells producing in the Utica shale in the Appalachian basin. Gulfport started drilling nine gross wells there during the quarter and turned to sales 19 gross wells, all in the “dry gas phase window of the play.”

Did You Like this Article? Get All the Energy Industry News Delivered to Your Inbox

Subscribe to an email newsletter today at no cost and receive the latest news and information.

 Subscribe Now


Logistics Risk Management in the Transformer Industry

Transformers often are shipped thousands of miles, involving multiple handoffs,and more than a do...

Secrets of Barco UniSee Mount Revealed

Last year Barco introduced UniSee, a revolutionary large-scale visualization platform designed to...

The Time is Right for Optimum Reliability: Capital-Intensive Industries and Asset Performance Management

Imagine a plant that is no longer at risk of a random shutdown. Imagine not worrying about losing...

Going Digital: The New Normal in Oil & Gas

In this whitepaper you will learn how Keystone Engineering, ONGC, and Saipem are using software t...