Gulfport Production Up 40% in 2Q16 over 2Q15, Down 4% from 1Q16

Gulfport logGulfport Energy, a driller in Ohio’s Utica Shale, reported their second quarter 2016 operations (not financial) update yesterday. Among the tidbits we pick up from the announcement: Production for Gulfport during 2Q16 was 664.7 million cubic feet equivalent per day (MMcfe/d), or 2/3 of a billion cubic feet per day (Bcf/d). Production during the quarter was up 40% over the same quarter last year, but was down 4% from 1Q16. Gulfport received an average of $1.44 per thousand cubic feet (Mcf) for it’s production during the quarter. Here’s the update…

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