Profile: Gulfport Energy Corp (GPOR.O)
26 May 2017
Gulfport Energy Corporation, incorporated on June 20, 1997, is an oil and natural gas exploration and production company. The Company focuses on the exploitation and acquisition of natural gas, natural gas liquids and crude oil in the United States. The Company's properties are located in the Utica Shale in Eastern Ohio and along the Louisiana Gulf Coast in the West Cote Blanche Bay (WCBB) and Hackberry fields. The Company also has an interest in producing properties in Northwestern Colorado in the Niobrara Formation and in Western North Dakota in the Bakken Formation. The Company also holds an acreage position in the Alberta oil sands in Canada through its interest in Grizzly Oil Sands ULC and an interest in an entity that operates in the Phu Horm gas field in Thailand. The Company also owns interests in various fields, which includes Deer Island, Fay South, Crest, Squaw Cheek, Green River Basin and Watonga Chickasha Trend.
The Utica Shale property is located in the Appalachian Basin of the United States and Canada. The Utica Shale is a rock unit comprising calcareous black shale. As of December 31, 2016, the Company held leasehold interests in approximately 232,000 gross (213,000 net) acres in the Utica Shale. The Utica Shale has land, oil and natural gas processing facilities. As of February 10, 2017, the Company had six operated horizontal rigs drilling in the play.
West Cote Blanche Bay Field
The WCBB field is located approximately five miles off the coast of Louisiana in a shallow bay with water depths averaging 8 to 10 feet. As of December 31, 2016, the Company's leasehold interests at WCBB contain 5,668 gross acres. As of December 31, 2016, it owned and operated a production facility at WCBB that include four production tank batteries, seven natural gas compressors, a storage barge facility, a dock, a dehydration unit and a salt-water disposal system.
East Hackberry Field
The East Hackberry field in Louisiana is located along the western shore and the land surrounding Lake Calcasieu, 15 miles inland from the Gulf of Mexico. As of December 31, 2016, the Company held interests in approximately 4,116 acres, including the Erwin Heirs Block, which is located on land, and the adjacent State Lease 50 Block, which is located primarily in the shallow waters of Lake Calcasieu. As of December 31, 2016, the Company owned and operated three production facilities at East Hackberry that include two land based tank batteries, a production barge, three natural gas compressors, dehydration units and salt water disposal systems.
West Hackberry Field
The West Hackberry field is located on land and is five miles west of Lake Calcasieu in Cameron Parish, Louisiana, approximately 85 miles west of Lafayette and 15 miles inland from the Gulf of Mexico. As of December 31, 2016, the Company owned and operated a production facility at West Hackberry that includes a land based tank battery and salt-water disposal system.
Niobrara Formation (Northwestern Colorado)
The Niobrara Formation is a shale oil rock formation located in Colorado, Northwest Kansas, Southwest Nebraska, and Southeast Wyoming. The Niobrara Formation oil play in Northwestern Colorado is located between the Piceance Basin to the south and the Sand Wash Basin to the north. As of December 31, 2016, the Company held leases for approximately 4,000 net acres. It has land, oil and natural gas processing facilities in the Niobrara Formation, which include storage tank batteries, oil/gas/water separation equipment and pumping units.
The Bakken Formation is located in the Williston Basin areas of Western North Dakota and Eastern Montana. As of December 31, 2016, it held approximately 778 net acres. It has land, oil and natural gas processing facilities in the Williston Basin. The facilities located at well locations include storage tank batteries, oil/gas/water separation equipment and pumping units.
Gulfport Energy Corp
14313 N May Ave Ste 100
OKLAHOMA CITY OK 73134-5003