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.
CEO John Reinhart discussed second quarter performance and expectations for the year during a conference call. He was joined by CFO Michael Hodges. The Oklahoma City-based producer works in the Marcellus and Utica shales of Appalachia. It also develops oil and gas in the South Central Oklahoma Oil Province, aka the SCOOP.
The company today is navigating “a volatile and ever-changing commodity price environment,” Reinhart said. To that end, the key is to retain “flexibility” until commodity prices improve.
