Gulfport plans production increase driven by Utica Shale development
Monday, March 6, 2023
Gulfport Energy Corp. plans to increase production by about 2-6% to net production of 1.00-1.04 bcfed this year, driven by its Utica Shale development plan, according to Oil & Gas Journal.
The company expects 22-24 gross wells turned to sales in 2023, including two wells in the Marcellus Shale, two wells in the SCOOP and the remaining wells in the Utica Shale.
Additionally, Gulfport hopes a delineation test in Belmont County, Ohio will unlock inventory underlying the company’s current acreage position in the Marcellus Shale.
Learn more: Oil & Gas Journal > Gulfport plans 2-6% net production increase in 2023
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