Gulfport reports loss, will keep several rigs in Utica shale this year
Saturday, February 20, 2016
According to The Repository, Oklahoma-based Gulfport Energy lost $1.2 billion in 2015 after being hard hit by low prices.
Much of Gulfport’s activity is in the Utica shale. The company intends to operate two or three horizontal rigs in the Utica shale this year. Gulfport will drill 32 wells and will begin production on up to 48 wells.
Earlier in February, Gulfport reported a growth in its’ year-end proved reserves for 2015 and a net average production of 548.2 million billion cubic feet of equivalents per day.
Read more: The Repository > Utica Shale: Gulfport Energy lost $1.2 billion in ‘15
Recent Gulfport news:
- Gulfport’s year-end reserves grow, mostly in Ohio’s Utica shale Feb. 8, 2016
- Belmont and Monroe counties prove to be fruitful for Gulfport Dec. 14, 2015
- Gulfport slows drilling and production down Nov. 8, 2015
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