Gulfport Energy 1Q17 – Production Up 23%, Gas Sold Avg $3.98/Mcf

Sheesh, it seems like we just got done yesterday with reporting quarterly earnings/operations updates. And here we are again. Like the old Dunkin Donuts commercial where the guy who makes the donuts runs into himself coming and going making the donuts. First out of the gate in the Marcellus/Utica is Gulfport Energy, reporting their first quarter 2017 numbers. And the numbers for Gulfport look pretty darned good–at least operationally. Gulfport didn’t report their financials yesterday. On the operations front, production zoomed up 23% to 849.6 million cubic feet equivalent (MMcfe) per day in 1Q17 vs 1Q16–the vast majority of which came from the Utica Shale. The other interesting news is that Gulfport realized an average sale price of $3.98 per thousand cubic feet (Mcf) for the gas they sold. Below is the update along with a recent PowerPoint slide deck with some great slides…

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