Gulfport Energy 3Q: Full Steam Ahead Drilling in the Ohio Marcellus

Gulfport Energy is the third-largest driller in the Ohio Utica Shale (by the number of wells drilled). Gulfport released its third quarter update yesterday. The company is going full steam ahead in its natgas drilling in the Ohio Marcellus. Gulfport is aggressively expanding its future drilling potential. The company nearly tripled its Marcellus inventory, adding roughly 125 gross locations. Concurrently, Gulfport successfully finished two Utica U-development test wells, a move that proves drilling feasibility and unlocks an additional 20 gross Utica dry gas locations.

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