Articles tagged Gulfport Energy

Multi-basin independent Gulfport Energy Corp., whose Lower 48 portfolio is 92% weighted to natural gas, is holding production flat to wait for stronger prices into 2025.

Facing bearish headwinds from mild weather, weak physical market pricing and stubbornly elevated storage inventories, natural gas futures were retreating through midday trading Wednesday. 

Oklahoma City-based Gulfport Energy Corp., 92% weighted to natural gas, plans to remain nimble this year to ensure it may “defer or accelerate” activity depending on the direction of prices.

After emerging from bankruptcy in May with a new management team, Gulfport Energy Corp. has overhauled its operations with a focus on capital discipline, free cash flow (FCF) generation and investor returns over production growth. 

Six months after filing for Chapter 11 protection, Utica producer Gulfport Energy Corp. has emerged from bankruptcy with $1.20 billion wiped off its balance sheet through deleveraging and a shakeup of its management team.

Gulfport Energy Corp. filed for Chapter 11 bankruptcy protection Friday, becoming the latest exploration and production (E&P) company this year to succumb to low commodity prices made worse by the Covid-19 pandemic. 

Gulfport Energy Corp.has hired Donnie Moore asCOO. Moore, unrelated to CEO Michael G. Moore, is formerly a Noble Energy Inc. executive. He was vice president of Noble’s Texas operations in the Eagle Ford Shale and the Permian Basin’s Delaware sub-basin.