Gulfport’s New Record-Breaking Well in Belmont Cnty – 30.3 Mmcf/d
Gulfport Energy, the #2 driller in the Ohio Utica Shale behind Chesapeake Energy, has drilled some of the most prolific wells in the Utica (see Gulfport’s New Utica Well Produces Mind-blowing 28.5 Mmcf/d!). According to Gulfport CEO James Palm on an investor call yesterday, the company continues their winning streak and has just bested their own record. Gulfport’s Irons 1-H well in Belmont County (Washington Township) is now officially their highest producing single gas well with an initial production (IP) of 30.3 million cubic feet of natural gas per day! These are astonishing numbers.
In a phone call with analysts to discuss 3Q13 results, Palm had the following to say: