Gulfport’s year-end reserves grow, mostly in Ohio’s Utica shale
Monday, February 8, 2016
Last week, Gulfport Energy Corp. reported a growth in its end of year proved reserves for 2015, according to Akron Beacon Journal. The majority of this growth was in eastern Ohio’s Utica shale.
The newspaper reports that Gulfport’s year-end reserves grew by 83 percent from 2014 to 2015. The company’s average net production for last year was 548.2 billion cubic feet of equivalents a day.
In October, Gulfport and Rice Midstream Holdings LLC partnered in a joint venture, and that business agreement is now complete. Rice will develop gas-gathering assets in parts of Monroe and Belmont counties. This will help Gulfport’s Utica shale dry gas drilling.
Via: Akron Beacon Journal > Gulfport Energy reports big jump in proved reserves, mostly in Ohio’s Utica Shale
Recent Gulfport Energy news:
- Belmont and Monroe counties prove to be fruitful for Gulfport Dec. 14, 2015
- Gulfport slows drilling and production down Nov. 8, 2015
- Joint venture formed by Rice and Gulfport for Ohio’s Utica Shale Oct. 10, 2015
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Depending on the company, royalty payments can arrive monthly or quarterly.
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