Gulfport 3Q16 Operations Update: Production Up 13%, Prices Up Too

Gulfport logGulfport Energy, an Oklahoma City-based independent oil and natural gas exploration and production company (“driller”) that is a “top 5” driller in the Ohio Utica Shale, issued their third quarter operation update yesterday. Gulfport is one of a growing number of companies that issues their financial update separate from the operational update. Typically the operational update is the “good news” and the financial update the “not so good news,” so we’ll see what the financial update brings. In the meantime, let’s bask in the good news. Gulfport reports production is up 13% year over year, and the price they’re receiving for that production is also up. Here is Gulfport’s 3Q16 operational update…

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