Gulfport Energy CEO to Retire
Thursday, January 30, 2014
Gulfport Energy Corporation announced that James Palm, the company’s chief executive officer, will retire from the company on February 15, 2014. In addition, Mr. Palm will resign from the company’s board of directors effective February 15, 2014.
Gulfport’s board of directors has begun a search for Palm’s successor.
The board intends to conduct a review of both internal and external candidates. During this interim period, Michael Moore, the company’s president and chief financial officer, will assume management responsibilities associated with the office and act as interim chief executive officer pending the conclusion of the board’s search.
Leave a Comment
Marcellus & Utica Shale Well Map
Additional Shale Maps
Shale FAQ
How often do royalty payments come?
Depending on the company, royalty payments can arrive monthly or quarterly.
Are my royalty payments transferable?
Yes. If you plan on selling your property, notify the gas company that is leasing your land and your realtor. They will make arrangements to allow the royalty payments to transfer to a different land owner.
What are royalties?
Royalties are payments from the gas company to the landowner as part of a lease agreement. Royalties payments cannot begin until production begins. The payments are dependent upon the market price of the resource.